AFRICAN GOLD LTD. — Director's Dealing 2019

Oct 2, 2019

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 African Gold Limited ABN 29 624 164 852

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 DirectorDate of last notice	Stephen Parsons19 February 2019

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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of changeNo. of securities held prior to changeClass

Indirect(a) Symorgh Investments Pty Ltd -<Symorgh Super Fund A/C>(b) Symorgh Investments Pty Ltd -<Symorgh Super Fund A/C>(c) Symorgh Investments Pty Ltd -<Symorgh Super Fund A/C>(a) 30/9/2019(b) 1/10/2019(c) 2/10/2019SymorghInvestmentsPtyLtdastrustee for the Symorgh Account5,500,001 Fully Paid Ordinary Shares10,000,000ManagementOptions(exercise price $0.20 each, expiry 17 April2023)(a) Fully paid ordinary shares(b) Fully paid ordinary shares(c) Fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	(a) 232,873 fully paid ordinary shares(b) 2,500 fully paid ordinary shares(c) 14,627 fully paid ordinary shares
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	(a) $48,559.99(b) $537.50(c) 3,028.49
No. of securities held after change	Symorgh Investments Pty Ltd ATFSymorgh Trust5,500,001 Fully Paid Ordinary Shares10,000,000ManagementOptions(exercise price $0.20 each, expiry 17 April2023)SymorghInvestmentsPtyLtd-<Symorgh Super Fund A/C>250,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	(a) On market purchase(b) On market purchase(c) On market purchase

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and 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