ADAVALE RESOURCES LIMITED — Director's Dealing 2021

Aug 11, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

12 August 2021

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 GRANT STANLEY PIERCE Date of last notice 2 9 Ju ly 2021

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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	9 August 2021
No. of securities held prior to change	1. 2,128,490 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights
Class	Fully paid ordinary shares
Number acquired	159,741
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	• 46,875at$0.064 • 33,333 at $0.090 • 31,194 at $0.094 • 47,619 at $0.063 - April 2021 - May 2021 - June 2021 -July 2021
No. of securities held after change	1. 2,288,231 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Remuneration issued in-lieu of shares, at fixed Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation $3000 per month (ex-GST), calculated at the final in buy-back 5 day of VWAP of each calendar month of service.

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3– +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	N/A - Fixed Remuneration.
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011