ADAVALE RESOURCES LIMITED — Director's Dealing 2020

Jul 30, 2020

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

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 30/9/2001.

Name of entity ADAVALE RESOURCES LIMITED ABN 96 008 719 015

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	George Karantzias
Date of last notice	07/07/2020
Date that director ceased to be director	24/07/2020

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interestNote: Provide details of the circumstances givingrise to the relevant interestKarantzias Super FundKarantzias Investments Pty Ltd	Number & class of securities5,000,000 Ordinary Fully Paid Shares669,089 Ordinary Fully Paid Shares

Part 3 – Director’s interests in contracts

Detail of contract	Convertible Note at 8% interest.Maturity 7 January 2022Principal $250,000Conversion at$0.05 per share
Nature of interest	Indirect – Trustee of registered holder
Name of registered holder(if issued securities)	Karantzias Super Fund
No. and class of securities to whichinterest relates	Converting to 5,000,000 Fully Paid OrdinaryShares
Detail of contract	Convertible Note at 8% Interest.Maturity 7 January 2022Principal $500,000Conversion at$0.05 per share
Nature of interest	Indirect – Beneficiary of Family Trust
Name of registered holder(if issued securities)	Karantzias Investments Pty Ltd
No. and class of securities to whichinterest relates	Converting to 10,000,000 Fully Paid OrdinaryShares

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002