ADAVALE RESOURCES LIMITED — Director's Dealing 2024

Dec 4, 2024

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	Allan Ritchie
Date of last notice	1 October 2024

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.	RAAR Capital Group Pty LtdRitchie Capital Pty Ltd <Allan Ritchie SuperFund A/C>RFF Capital Pty Ltd <Ritchie Family FundA/C>(Entities that Mr Ritchie is a beneficiary)Equity Plan Services Pty Ltd – AdavaleResources Rights Share Trust (a trust whichMr Ritchie is a beneficiary)
Date of change	29 November 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	No of se	urities held prior t	chane		24,586,917 Full
	.		g			y Paid Ordinary Shares
					744,524 Listedeach expiring 32,000,000 Unlis$0.15 each expi3,300,000 Classexpiring 31 Dec3,300,000 Classexpiring 31 Dec3,000,000 Classexpiring 31 Dec1,500,000 Classexpiring 31 Dec	Options exercisable at $01 December 2025ted Options exercisable aring 13 January 2025	.03
							t
						A Performance Rightsember 2024B Performance Rightsember 2025
						C Performance Rightsember 2026D Performance Rights
						ember 2026
	Class				1) Fully Pa2) Unliste$0.005	id Ordinary SharesdOptionsexercisablexpiring 31 December 2	eat027
	Number a	cquired			1) 500,002) 1,666,6	0
						66
	Number d	isposed			-
	Value/ConNote: If convaluation	siderationsideration is non-cash,	provide details and esti	mated	1) $1,5002) -
	No. of sec	urities held after c	hange		25,086,917 Full	Paid Ordinary Shares
					744,524 Listed Options exercisable at $0.03each expiring 31 December 20252,000,000 Unlisted Options exercisable at$0.15 each expiring 13 January 20251,666,666 Unlisted Options exercisable at$0.005 each expiring 31 December 20273,300,000 Class A Performance Rightsexpiring 31 December 20243,300,000 Class B Performance Rightsexpiring 31 December 20253,000,000 Class C Performance Rightsexpiring 31 December 20261,500,000 Class D Performance Rightsexpiring 31 December 2026

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change 1) On market trade Example: on-market trade, off-market trade, exercise of options, 2) Free attaching options to Placement issue of securities under dividend reinvestment plan, participation in buy-back as approved by shareholders on 29 October 2024

The

Part 2 – Change of director’s interests in contracts

ThePart 2 – Change of director’s interests in contracts	ThePart 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.
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	-
Interest after change	-

Part 3 –[+] Closed period

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