ALARA RESOURCES LIMITED — Director's Dealing 2020

Dec 8, 2020

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	Alara Resources Limited
ABN	27 122 892 719

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	Atmavireshwar Sthapak
Date of last notice	3 December 2018

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	N/A
Date of change	3 December 2020
No. of securities heldprior to change	2,544,838 fully paid, ordinaryshares
Class	Options, each entitling the holder tosubscribe for one fully paid, ordinary share inthe Company for $0.03. The options vest ifAlara Resources Ltd’s joint venture companyAl Hadeetha Resources LLC achieves thefirst production of saleable copperconcentrate (Vesting Condition) on orbefore 31 March 2022 (Latest VestingDate). If the Vesting Condition is not met onor before the Latest Vesting Date, the optionsmay not be exercised. If the VestingCondition is met on or before the LatestVesting Date, the options may be exercisedat any time within one year after the VestingCondition is satisfied (Options).
Number acquired	5,000,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	The Options were issued as part of theManaging Director’s remuneration package.
No. of securities held after change	2,544,838 fully paid, ordinary shares5,000,000 Options
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	The Options were issued to the Director, withShareholders’ approval, which was given on30 November 2020.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: 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 detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 – +Closed period
Were the interests in the securities or contractsdetailed above traded during a +closed periodwhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3