Oklo Resources : Appendix 3B and Cleansing Statement

Appendix 3B

New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Oklo Resources Limited

ABN 53 121 582 607

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be Ordinary Fully Paid Shares (Shares) issued

• 2 Number of +securities issued or to be 13,000 issued (if known) or maximum number which may be issued

• 3 Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

The Shares are fully paid ordinary shares in the company and rank equally with existing ordinary shares

+ See chapter 19 for defined terms.

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• 4 Do the +securities rank equally in Yes all respects from the +issue date with an existing +class of quoted +securities?

  If the additional +securities do not rank equally, please state:

  • • the date from which they do

  • • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration

  Issue price of $0.15

• 6 Purpose of the issue

  (If issued as consideration for the acquisition of assets, clearly identify those assets)

  Shares issued on exercise of options.

• 6a Is the entity an +eligible entity that Yes has obtained security holder approval under rule 7.1A?

  If Yes, complete sections 6b - 6h

  in relation to the +securities the

  subject of this Appendix 3B, and

  comply with section 6i

• 6b The date the security holder 21 November 2018 resolution under rule 7.1A was passed

• 6c Number of +securities issued Nil without security holder approval under rule 7.1

• 6d Number of +securities issued with Nil security holder approval under rule 7.1A

• 6e Number of +securities issued with Nil security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

• 6f Number of +securities issued under 13,000 an exception in rule 7.2

• 6g If +securities issued under rule N/A 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

• 6h If +securities were issued under N/A rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

  Listing Rule 7.1 = 52,334,251

  Listing Rule 7.1A = 35,321,928

• 7 +Issue dates

  Note: The issue date may be prescribed by ASX

  (refer to the definition of issue date in rule 19.12).

  For example, the issue date for a pro rata

  entitlement issue must comply with the applicable

  timetable in Appendix 7A.

  Cross reference: item 33 of Appendix 3B.

15 January 2019

8

Number	and +class	all
+securities	quoted on	ASX
(including	in

of

the +securities section 2 if applicable)

Number	+Class
353,867,921	Ordinary shares

• 9 Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)

Number

+Class

987,000 1,000,000 3,000,000 3,500,000 250,000 3,875,000 1,000,000 1,050,000 250,000 125,000 1,000,000 1,500,000 1,500,000 3,875,000 1,000,000 800,000

$0.15 unlisted options expiry 27/01/2019 $0.22 unlisted options expiry 28/04/2019 $0.25 unlisted options expiry 17/06/2019 $0.25 unlisted options expiry 11/08/2019 $0.20 unlisted options expiry 02/11/2019 $0.455 unlisted options expiry 21/11/2019 $0.345 unlisted options expiry 21/11/2019 $0.35 unlisted options expiry 24/11/2019 $0.35 unlisted options expiry 24/11/2019 (vesting 24/11/2018) $0.37 unlisted options expiry 15/12/2019 $0.20 unlisted options expiry 22/12/2019 $0.30 unlisted options expiry 22/06/2020 $0.30 unlisted options expiry 11/08/2020 $0.49 unlisted options expiry 21/11/2020 $0.395 unlisted options expiry 21/11/2020 $0.40 unlisted options expiry 24/11/2020(vesting 24/11/2018)

Appendix 3B

New issue announcement

250,000 250,000 150,000

$0.40 unlisted options expiry 24/11/2020 $0.40 unlisted options expiry 24/11/2020 (vesting 24/11/2019) $0.42 unlisted options expiry 15/12/2020

10

Dividend policy (in the case of a N/A trust, distribution policy) on the increased capital (interests)

Part 2 - Pro rata issue

• 11 Is security required?

  holderapproval N/A

• 12 Is the issue renounceable or non- N/A renounceable?

• 13 Ratio in which the +securities will N/A be offered

• 14 +Class of +securities to which the N/A offer relates

• 15 +Record date entitlements

  todetermine N/A

• 16 Will holdings on different registers N/A (or subregisters) be aggregated for calculating entitlements?

• 17 Policy for deciding entitlements in N/A relation to fractions

+ See chapter 19 for defined terms.

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