Announcement PDF Appendix 3B - Proposed issue of securities Update Summary Entity name HORIZON GOLD LIMITED Announcement Type Update to previous announcement Date of this announcement 5/8/2025 Reason for update to a previous announcement Extension of Closing Date of Entitlement Offer to 19 August 2025 and update on maximum number of shares to be issued in Entitlement Offer (due to rounding). Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/6 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity HORIZON 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 Registration Number ACN 614175923 1.3 ASX issuer code HRN 1.4 The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Extension of Closing Date of Entitlement Offer to 19 August 2025 and update on maximum number of shares to be issued in Entitlement Offer (due to rounding). 1.4b Date of previous announcement to this update 21/7/2025 1.5 Date of this announcement 5/8/2025 1.6 The Proposed issue is: A standard +pro rata issue (non-renounceable or renounceable) 1.6a The proposed standard +pro rata issue is: + Non-renounceable Appendix 3B - Proposed issue of securities 2/6 Appendix 3B - Proposed issue of securities Part 3 - Details of proposed entitlement offer issue Part 3A - Conditions 3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No Part 3B - 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 HRN : ORDINARY FULLY PAID 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)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No Details of +securities proposed to be issued ASX +security code and description HRN : ORDINARY FULLY PAID ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 Appendix 3B - Proposed issue of securities 10 3/6 Appendix 3B - Proposed issue of securities What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded down to the nearest whole number or fractions disregarded 14,483,904 Reason for the update of 'Maximum number of +securities proposed to be issued' Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD - Australian Dollar AUD 0.48000 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? No Will a scale back be applied if the offer is over-subscribed? No Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 3C - Timetable 3C.1 +Record date 24/7/2025 3C.2 Ex date 23/7/2025 3C.4 Record date 24/7/2025 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 29/7/2025 3C.6 Offer closing date 19/8/2025 Appendix 3B - Proposed issue of securities 4/6 Appendix 3B - Proposed issue of securities 3C.7 Last day to extend the offer closing date 14/8/2025 3C.9 Trading in new +securities commences on a deferred settlement basis 20/8/2025 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 26/8/2025 3C.12 Date trading starts on a normal T+2 basis 27/8/2025 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 29/8/2025 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? Morgans Corporate Limited 3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? (1) 2% management fee on the proceeds from the Entitlement Offer (including any Shortfall Offer); and (2) 4% selling fee on the proceeds of the Entitlement Offer (including any Shortfall Offer), excluding proceeds received from Zeta Resources Ltd and the Directors 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 3F - Further Information 3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue The proceeds from the ~$5M Placement and ~$7M Non-renounceable Entitlement Offer will be used for completion of the Company's Feasibility Study and further exploration drilling at Gum Creek Project, the repayment of debt and for general working capital. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Appendix 3B - Proposed issue of securities 5/6 Appendix 3B - Proposed issue of securities issue Germany, Malaysia, Singapore, United Kingdom 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities Yes 3F.5a Please provide further details of the offer to eligible beneficiaries https://horizongold.com.au/announcements/ 3F.6 URL on the entity's website where investors can download information about the proposed issue https://horizongold.com.au/announcements/ 3F.7 Any other information the entity wishes to provide about the proposed issue 3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? No 3F.9 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) Appendix 3B - Proposed issue of securities 6/6