ADAVALE RESOURCES LIMITED — Director's Dealing 2025

Nov 18, 2025

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	Maurice Dominic Matich
Date of last notice	3 October 2025

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 relevant interest.	Cigar Shark Investments Pty Ltd (a Company where Mr Matich is a beneficiary) Equity Plan Services Pty Ltd – Adavale Resources Rights Share Trust (a trust which Mr Matich is a beneficiary)
Date of change	18 November 2025
No. of securities held prior to change	2,009,046 Fully Paid Ordinary Shares 716,666 Listed Options exercisable at $0.10 each expiring 31 December 2027 476,190 Listed Options exercisable at $0.035 each expiring 30 June 2028 1,500,000 Performance Rights expiring 23 January 2028
Class	Listed Options exercisable at $0.035 expiring 30 June 2028 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	476,190 Fully Paid Ordinary Shares
Number disposed	476,190 Listed Options exercisable at $0.035 expiring 30 June 2028
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$16,667
No. of securities held after change	2,485,236 Fully Paid Ordinary Shares 716,666 Listed Options exercisable at $0.10 each expiring 31 December 2027 1,500,000 Performance Rights expiring 23 January 2028
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of Options.

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.

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Detail of contract -
Nature of interest -
Name of registered holder -
(if issued securities)
Date of change -
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
Interest acquired -
Interest disposed -
Value/Consideration -
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change -
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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?	-
If prior written clearance was provided, on what date was this provided?	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3