ADAVALE RESOURCES LIMITED — Director's Dealing 2021

Apr 14, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

14 April 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 Steve Georgiadis Date of last notice 25 January 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 N/A (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 7 April 2021 No. of securities held prior to change 1. 263,230 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights Class Fully paid ordinary shares Number acquired 213,553 Number disposed Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	The consideration paid was four (4) months service. Shares issued at $0.056 per share. The valuation is based on a fixed monthly 5- day-VWAP as described in the 2020 Notice of Meeting for the 2020 AGM (held in January2021).
No. of securities held after change	1. 474,783 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	The consideration paid was four (4) months service. Shares issued at $0.056 per share. The valuation is based on a fixed monthly 5- day-VWAP as described in the 2020 Notice of Meeting for the 2020 AGM (held in January 2021).

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.
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

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
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

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

14 April 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 RODNEY CHITTENDEN Date of last notice 25 January 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 N/A (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 7 April 2021 No. of securities held prior to change 1. 290,000 indirectly held fully paid ordinary shares (FPOs) 2. 263,230 FPOs – direct holding 3. 560,000 (unlisted) Incentive Rights Class Fully paid ordinary shares Number acquired 213,553 Number disposed Nil.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	The consideration paid was four (4) months service. Shares issued at $0.056 per share. The valuation is based on a fixed monthly 5-day- VWAP as described in the 2020 Notice of Meeting for the 2020 AGM(held in January2021).
No. of securities held after change	4. 290,000 indirectly held fully paid ordinary shares (FPOs) 5. 476,783 FPOs – direct 1. 560,000 (unlisted) Incentive Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Remuneration shares in-lieu of four (4) months’ salary accrued from 1 December 2020 up to 31 March 2021.

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	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
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?		No
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

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

14 April 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 19 March 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 N/A (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 7 April 2021 No. of securities held prior to change 1,559,340 Fully paid ordinary shares 560,000 (unlisted) Incentive Rights Class Fully paid ordinary shares Number acquired 213,553 Number disposed Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	The consideration paid was four (4) months service. Shares issued at $0.056 per share. The valuation is based on a fixed monthly 5-day- VWAP as described in the 2020 Notice of Meeting for the 2020 AGM (held in January 2021).
No. of securities held after change	1. 1,772,893 fully paid ordinary shares 2. 560,000 (unlisted) Incentive Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Remuneration shares in-lieu of four (4) months’ salary accrued from 1 December 2020 up to 31 March 2021.

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

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
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