AGUIA RESOURCES LIMITED — Director's Dealing 2019

Nov 13, 2019

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14 November 2019

AGUIA RESOURCES LIMITED

ASX Market Announcements Level 6, Exchange Centre 20 Bridge Street Sydney NSW 2000

AGUIA RESOURCES LIMITED – LATE LODGEMENT OF APPENDIX 3X

Sydney, Australia, - Aguia Resources Limited ABN 94 128 256 888 (ASX:AGR) ( Aguia or the Company ) refers to the Appendix 3X for Dr Fernando Tallarico which accompanies this letter, and advises as follows:

1. The Appendix 3X relates to the notifiable interest of Dr Tallarico as at the date of his appointment as Managing Director, 16 October 2019. There has been no change to Dr Tallarico’s notifiable interest in the Company since that date.

2. The Appendix 3X which was due to have been lodged by 22 November 2019 has been lodged late due to an administrative oversight. Once identified by the Company, the Appendix 3X was promptly lodged.

3. The Company has reviewed and updated the process relating to director interest’s disclosure and confirms that any changes in respect to Dr Tallarico’s interests will be reported to ASX in line with listing requirements in future. The Company confirms that a Director’s Disclosure Agreement is being put in place with each director of AGR and the interests of each director are reviewed and confirmed regularly. The Company is satisfied that it has the necessary reporting and notification policies in place to ensure compliance with its disclosure obligations under ASX Listing Rule 3.19A, and considers the late lodgement of the Appendix 3X to be an isolated incident.

4. The Company is satisfied that its procedures are adequate to ensure compliance with ASX Listing Rule 3.19B.

Your sincerely,

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Sarah Prince Company Secretary

For more information in relation to Aguia Resources, please contact Christina McGrath, Chair at cmcgrath@aguiaresources.com.au or visit's Aguia's website at www.aguiaresources.com.au.

Aguia Resources Limited ABN 94 128 256 888 Level 5, 126 Phillip St, Sydney NSW 2000 Telephone 02 9299 9690 Facsimile 02 9251 7455 www.aguiaresources.com.au

Aguia Resources Limited

About Aguia:

Aguia Resources Limited, (“Aguia”) is an ASX listed company whose primary focus is on the exploration and development of mineral resource projects in Brazil. Aguia has an established and highly experienced in-country team based in Rio Grande State, Southern Brazil. Aguia’s key projects are located in Rio Grande do Sul, a prime farming area which is 100% dependent on phosphate imports. The Rio Grande phosphate deposits exhibit high quality and low-cost production characteristics, and are ideally located with proximity to road, rail, and port infrastructure. Aguia’s experienced management team has a proven track record of advancing high quality mining assets to production in Brazil.

Cautionary Statement on Forward Looking Information

This press release contains "forward-looking information" within the meaning of applicable Australian securities legislation. Forward-looking information includes, without limitation, statements regarding the results of the Mineral Resource Statement, the mineral resource estimates, production targets, the anticipated timetable, permitting, forecast financial information, bankable feasibility study and ability to finance the project, and the prospectivity and potential of the Trȇs Estradas Phosphate Project and Rio Grande Copper claims.

Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors and assumptions underlying the forward-looking information of the Mineral Resource Statement results have been outlined above and will be detailed in the associated technical report.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available on the ASX website at www.asx.com.au and on the Company's website at www.aguiaresouces.com.au. These risks should be considered carefully.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Persons reading this news release are cautioned that such statements are only predictions and there can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intent or obligation to update or revise any forward-looking statements whether as a result of new information, estimates, options, future events, results or otherwise and does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Executive Management Changes

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity AGUIA RESOURCES LIMITED ABN 94 128 256 888

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Fernando Tallarico
Date of appointment	16 October 2019

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

137,143 fully paid ordinary shares

1,140,000 unlisted options

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Number & class of Securities Note: Provide details of the circumstances giving rise to the relevant interest. N/A

Part 3 – 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	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
No. and class of securities to which	N/A
interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002