ADAVALE RESOURCES LIMITED — Director's Dealing 2021

May 18, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

19 May 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 23 April 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)	N/A
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change	19 May 2021
No. of securities held prior to change	1,863,793 fully paid ordinary shares
	560,000 (unlisted) Incentive Rights
Class	Fully paid ordinary shares
Number acquired	90,900
Number disposed	Nil
Value/Consideration	71,429 at $0.070
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1. 1,935,222 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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 whichinterest related prior to changeNote: Details are only required for a contract in relation to which the interesthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: 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 orcontracts detailed above traded during a+closedperiodwherepriorwrittenclearance was required?	No
If so, was prior written clearance providedto allow the trade to proceed during thisperiod?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011