AFRICAN GOLD LTD. — Director's Dealing 2021

Aug 31, 2021

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 Ltd
ACN	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 Director	Simon Bolster
Date of last notice	26 February 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 or indirect interest	Direct interest
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
	Date of change		31 August 2021
	No. of securities held prior to change
	Mr Simon James Sydney Bolster & Ms RosylnPamela O’Sullivan ATF Bolster Family Account		500,000 ordinary shares
	Class		Unquoted options exercisable at $0.30 eachand expiringon 31 August 2024
	Number acquired		2,000,000
Number disposedValue/ConsiderationNote: If consideration is non-cash, provide details and estivaluationNo. of securities held after change
	Number disposed		Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details and estivaluation	mated	Nil
	No. of securities held after change

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Held by Torr Family Trust (Mr Williams is a 500,000 ordinary shares beneficiary) 2,000,000 unquoted options exercisable at $0.30 each and expiring on 31 August 2024 Nature of change Options as approved by shareholder at a Example: on-market trade, off-market trade, exercise of options, issue general meeting held on 30 July 2021 of securities under dividend reinvestment plan, participation in buyback

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.

==> picture [434 x 320] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 Ltd
ACN	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 Director	Mathew O’Hara
Date of last notice	26 February 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 interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	O’Hara Investment Trust (Mr O’Hara is abeneficiary)
Date of change	31 August 2021
No. of securities held prior to change
Directly held	14,584 ordinary shares
Held by O’Hara Investment Trust (Mr O’Hara is abeneficiary)	164,584 ordinary shares
Class	Unquoted options exercisable at $0.30 eachand expiringon 31 August 2024
Number acquired	2,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

D	irectly held		1	4,584 ordinary	shares
Hb	eld by O’Hara Investment Tr	ust (Mr O’Hara is a	1	64,584 ordinar	y shares
	eneficiary)		2	,000,000 unqh	uoted options exe	rcisable at
			$	.30 eac and e	xpiring on 31 Augu	st 2024
NEob	ature of change		O	ptions as appr	oved by shareholde	r at a
	xample: on-market trade, off-market tradf securities under dividend reinvestmentack	e, exercise of options, issueplan, participation in buy-	g	eneral meeting held on 30 July 20		21
	art 2 – Change of direct	or’s interests in c		ontracts
	te: In the case of a company, interests whiclosed in this part.	ch come within paragraph (ii) of		the definition of “notifiable interest of a director”		should be

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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----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 Ltd
ACN	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 Director	Peter Williams
Date of last notice	26 February 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 interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Torr Family Pty Ltd <Torr Family A/C>
Date of change	31 August 2021
No. of securities held prior to change
Held by Torr Family Trust (Mr Williams is abeneficiary)	900,000 ordinary shares
Class	Unquoted options exercisable at $0.30 eachand expiringon 31 August 2024
Number acquired	2,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Held by Torr Family Trust (Mr Williams is a 900,000 ordinary shares beneficiary) 2,000,000 unquoted options exercisable at $0.30 each and expiring on 31 August 2024 Nature of change Options as approved by shareholder at a Example: on-market trade, off-market trade, exercise of options, issue general meeting held on 30 July 2021 of securities under dividend reinvestment plan, participation in buyback

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.

==> picture [434 x 320] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011