Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 9 Announcement Summary Entity name FELIX GOLD LIMITED Announcement Type New announcement Date of this announcement 4/11/2026 The Proposed issue is: Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan ASX +security code +Security description Maximum Number of +securities to be issued FXG ORDINARY FULLY PAID 8,333,333 +Record date 3/11/2026 Offer closing date 4/12/2026 +Issue date 10/12/2026 Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description Maximum Number of +securities to be issued FXG ORDINARY FULLY PAID 60,416,667 Proposed +issue date 12/11/2026 Refer to next page for full details of the announcement A placement or other type of issue A placement or other type of issue An offer of securities under a securities purchase plan Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 9 Part 1 - Entity and announcement details 1.1 Name of +Entity FELIX GOLD LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ACN Registration Number 645790281 1.3 ASX issuer code FXG 1.4 The announcement is 1.5 Date of this announcement 4/11/2026 1.6 The Proposed issue is: A placement or other type of issue A placement or other type of issue An offer of +securities under a +securities purchase plan New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 9 Part 4 - Details of proposed offer under securities purchase plan Part 4A - Conditions 4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 9 Part 4B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description FXG : ORDINARY FULLY PAID Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description FXG : ORDINARY FULLY PAID Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 8,333,333 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? Describe the maximum subscription condition The Company is targeting to raise up to A$1 million under the SPP, however the Board reserves absolute discretion regarding the final amount raised under the SPP, including to accept oversubscriptions. Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Is the minimum acceptance unit based or dollar based? Please enter the minimum acceptance value $ 1,560 Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Is the maximum acceptance unit based or dollar based? Dollar based ($) Yes Dollar based ($) Yes Yes No No Dollar based ($) Yes Dollar based ($) Yes Yes No No Dollar based ($) Yes Dollar based ($) Yes Yes No No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 9 Please enter the maximum acceptance value $ 30,000 Describe all the applicable parcels available for this offer in number of securities or dollar value Eligible shareholders may apply for one of the following parcels of new fully paid ordinary shares at the SPP issue price of A$0.12 per share: A$1,560 (13,000 shares) ¿ minimum application A$5,160 (43,000 shares) A$9,960 (83,000 shares) A$14,760 (123,000 shares) A$19,560 (163,000 shares) A$24,360 (203,000 shares) A$30,000 (250,000 shares) ¿ maximum application Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.12000 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements Details will be available in the offer booklet to be released to the ASX. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 4/11/2026 4C.2 +Record date 3/11/2026 4C.3 Date on which offer documents will be made available to investors 13/11/2026 4C.4 Offer open date 13/11/2026 4C.5 Offer closing date 4/12/2026 Yes Yes Yes Yes Yes Yes Yes Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 9 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 10/12/2026 Part 4D - Listing Rule requirements 4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Part 4E - Fees and expenses 4E.1 Will there be a lead manager or broker to the proposed offer? 4E.2 Is the proposed offer to be underwritten? 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 4F - Further Information 4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Refer ASX Announcement of 4 November 2026. 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? 4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer All countries other than Australia and New Zealand. 4F.3 URL on the entity's website where investors can download information about the proposed offer www.felixgold.com.au 4F.4 Any other information the entity wishes to provide about the proposed offer No No No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 9 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 15/12/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Shareholder approval will be sought for the Tranche 2 component of the placement of 19,166,667 shares. Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description FXG : ORDINARY FULLY PAID Number of +securities proposed to be issued 60,416,667 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? AUD - Australian Dollar What is the issue price per +security? AUD 0.12000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Yes No Existing class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 8 / 9 Part 7C - Timetable 7C.1 Proposed +issue date 12/11/2026 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 41,250,000 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.1a Who is the lead manager/broker? Morgans Corporate Limited and GBA Capital Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? Refer ASX Announcement 4 November 2026. 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue No Yes No No Yes No Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 9 / 9 Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Refer ASX Announcement 4 November 2026. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No