AKORA RESOURCES LIMITED — Director's Dealing 2023

May 24, 2023

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 AKORA Resources Limited ABN 90 139 847 555

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	John Michael Madden
Date of last notice	16 August 2022

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/Indirect	Direct/Indirect
	Nature of indirect interest	-JMJW SuperPty Ltd - SuperannuationJFE Woodford - Spouse
	(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	JMJW SuperPty Ltd -JFE Woodford - Spous
	Date of change	25 M 2023
		ay
	No. of securities held prior to change	Direct:d h
		662,344 orinary saIndirect:
	Class	Ordinary shares and options over ordinaryshares pursuant to Entitlement Offer

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	132,469 ordinary shares JM Madden
	102,936 ordinary shares JMJW Super
	100,000 ordinary shares JFE Woodford
	All shares were purchased for 16 cents per
	share under Entitlement Offer
	66,235 options JM Madden
	51,468 options JMJW Super
	50,000 options JFE Woodford
	All options are exercisable at 25 cents per
	option and expire on 25 May 2026
Number disposed	-
Value/Consideration	$53,664.80
Note: If consideration is non-cash, provide details and estimated
valuation
No of securities held after change	Direct:
	794,813 ordinary shares JM Madden
	Indirect:
	617,618 ordinary shares JMJW Super
	Pty Ltd
	600,000 ordinary shares JFE Woodford
	Direct
	66,235 options JM Madden
	Indirect
	51,468 options JMJW Super
	50,000 options JFE Woodford
	All options are exercisable at 25 cents per
	option and expire on 25 May 2026
Nature of change	Subscription to Entitlement Offer
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back

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	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

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 thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3