ADAVALE RESOURCES LIMITED — Director's Dealing 2022

Jan 13, 2022

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	Grant Stanley Pierce
Date of last notice	19 November 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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Equity Plan Services Pty Ltd(a trust which Mr Pierce is a beneficiary)
Date of change	14 January 2022
No. of securities held prior to change	2,621,643 Fully Paid Ordinary Shares560,000 Performance Rights expiring 20January 2022
Class	1) Fully Paid Ordinary Shares2) Unlisted Options3) Performance Rights
Number acquired	1) 134,9842) 2,000,0003) 3,200,000
Number disposed	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1) $6,0002) Nil3) Nil
No. of securities held after change	2,756,627 Fully Paid Ordinary Shares2,000,000 Unlisted Options exercisable at$0.15 each expiring 13 January 20251,000,000 Performance Rights expiring 30June 20232,200,000 Performance Rights expiring 31December 2023560,000 Performance Rights expiring 20January 2022
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	1) Issued in lieu of remuneration fromNov – December 20212) As approved by shareholders at theAGM3) As approved by shareholders at theAGM

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” shouldbe disclosed in thispart.	Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” shouldbe disclosed in thispart.
Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change	-
**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 the tradeto proceed during this period?		-
If prior written clearance was provided, on what date was thisprovided?		-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	David Noel Riekie
Date of last notice	19 November 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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Wilhaja Pty Ltd as Trustee for Riekie FamilyA/C(a company which Mr Riekie is a director andbeneficiary)Riekie Superannuation Pty Ltd <Riekie FamilyA/C>(a fund which Mr Riekie is a beneficiary)Equity Plan Services Pty Ltd(a trust which Mr Riekie is a beneficiary)
Date of change	14 January 2022
No. of securities held prior to change	981,818 Fully Paid Ordinary Shares
Class	1) Fully Paid Ordinary Shares2) Unlisted Options3) Performance Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Num	Num
	Num	ber acquired				1) 292,722
						2) 2,000,03) 3,700,0	0000
	Num	ber disposed			-
	Vl	/Cnidrtin
	auNote:valuat	oseaoIf consideration is non-cash,ion	provide details	and estimated		1) $15,382) Nil3) Nil
	No. o	f securities held after c	hange		1,	274,540 Fully	Paid Ordinary	Shares
					2,$	000,000 Unlist0.15 each expi	ed Options ering 13 Janua	xercisable atry 2025
					1,Ju	500,000 Perfone 2023	rmance Right	s expiring 30
					2,D	200,000 Perfoecember 2023	rmance Right	s expiring 31
	NatuExam	re of changele: on-market trade off-ma	ket trade exerci	se of otions		1) Issued	in lieu of re	muneration from
	p , , p,issue of securities under dividend reinvestment plan, participation inbuy-back				July – December 20212) As approved by shareholders at theAGM3) As approved by shareholders at theAGM

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.

be disclosed in thispart.
Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	-
Interest acquired	-
Interest disposed	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

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 the tradeto proceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	John Desmond Hicks
Date of last notice	15 November 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Nambour Valley Pty Ltd <Nordes FamilyA/C>(a company which Mr Hicks is a director)Equity Plan Services Pty Ltd(a trust which Mr Hicks is a beneficiary)
Date of change	14 January 2022
No. of securities held prior to change	178,571 Fully Paid Ordinary Shares
Class	1) Fully Paid Ordinary Shares2) Unlisted Options3) Performance Rights
Number acquired	1) 324,9802) 2,000,0003) 3,200,000
Number disposed	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Value/Consideration	1) $17,419	1) $17,419
	Note: If consideration is non-cash, provide details and estimatedvaluation	2) Nil3)Nil
	No. of securities held after change	503,551 Fully Paid Ordinary Shares2,000,000 Unlisted Options exercisable at$0.15 each expiring 13 January 20251,000,000 Performance Rights expiring 30
		June 20232,200,000 Performance Rights expiring 31December 2023
	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	1) Issued in lieu of remuneration fromJuly – December 20212) As approved by shareholders at theAGM3) As approved by shareholders at theAGM
Part 2 – Change of director’s interests in contractsNote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” shouldbe disclosed in thispart.Detail of contract-

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	Detail of contract	Detail of contract	Detail of contract	Detail of contract
						-
	Nature	of interest				-
	Name o(if issue	f registered holderd securities)				-
	Date of
		change				-
	No. and	class of securities to w			hich	-
	interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	related prior to changeils are only required for a contract in			ct in
	Interest acquired					-
	Interest disposed					-
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation					-
	Interest after change					-
	Part 3 –
		+Closed period

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 the tradeto proceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3