ADAVALE RESOURCES LIMITED — Director's Dealing 2020

Mar 22, 2020

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity: ADAVALE RESOURCES LIMITED ABN: 96 008 719 015

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MR GARY RAYMOND STEWART
Date of last notice	29 November 2019

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Director of ELLSAR PTY LTD
Date of change	23 March 2020
No. of securities held prior to change	NIL
Class	Ordinary Shares
Number acquired	1,000,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$20,000.00 at $0.02 per share
No. of securities held after change	1,000,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Placement of shares at $0.02 per share	Placement of shares at $0.02 per share
	art 2 – Change of director’s interests in contractsote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” shoulde disclosed in this part.
	Detail of contract	N\A
	N f i	N\A
	ature o nterest
	Name of registered holder	N\A
	(if issued securities)
	Date of change	N\A
	No. and class of securities to which	N\A
	interest related prior to changeNote: Details are only required for a contract in
	relation to which the interest has changed
	Interest acquired	N\A
	Interest disposed	N\A
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N\A
	Interest after change	N\A

Part 2 – Change of director’s interests in contracts

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.

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N\A
If prior written clearance was provided, on what date wasthis provided?	N\A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011