AKORA RESOURCES LIMITED — Director's Dealing 2020

Dec 13, 2020

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 AKORA Resources Limited ABN 90 139 847 555

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	MH Stirzaker
Date of appointment	22 August 2020

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

Nil

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

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 Note: Provide details of the circumstances giving rise to the relevant interest. Stith Pty Ltd accompany of which Mr Stirzaker is a director and in which he may have a beneficial interest	Number & class of Securities 100,000 fully paid ordinary shares 50,000 unlisted options exercisable into one fully paid ordinary share in AKORA Resources Limited at an exercise price of $0.30 per option at any time before 15 December 2022

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	Letter of Appointment, dated 22 August 2020
Nature of interest	Pursuant to Letter of Appointment the Company will issue, subject to shareholder approval, performance rights
Name of registered holder (if issued securities)	MH Stirzaker
No. and class of securities to which interest relates	400,000 performance rights convertible subject to terms of Letter of Appointment, into fully paid ordinary shares for zero consideration

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002