ADAVALE RESOURCES LIMITED — Director's Dealing 2024

Apr 1, 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 Grant Stanley Pierce Date of last notice 8 January 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	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 – AdavaleResources Rights Share Trust(a trust which Mr Pierce is a beneficiary)
Date of change	28 March 2024
No. of securities held prior to change	6,404,306 Fully Paid Ordinary Shares952,573 Listed Options exercisable at $0.03each expiring 31 December 20252,000,000 Unlisted Options exercisable at$0.15 each expiring 13 January 20253,300,000 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 Rightsexpiring31 December 2026

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Fully Paid Ordinary Shares
Number acquired	1,000,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$6,000
No. of securities held after change	7,404,306 Fully Paid Ordinary Shares952,573 Listed Options exercisable at $0.03each expiring 31 December 20252,000,000 Unlisted Options exercisable at$0.15 each expiring 13 January 20253,300,000 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
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On Market Trade.

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	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	-
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