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

Alara Resources Limited (AUQ)

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	Stephen Gethin
Date of last notice	6 July 2020

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 the relevantinterest.	N/A
Date of change	3 December 2020
No. of securities held prior to change	Nil
Class	Options,eachentitlingtheholdertosubscribe for one fully paid, ordinary share inthe Company for $0.03, exercisable on orbefore 1 July 2022 (Options).
Number acquired	4,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	No cash was paid for the Options. TheOptions were issued in consideration of theDirector foregoing the amount of $25,000 ofDirector’s fees.
No. of securities held after change	4,000,000 Options.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of the Options under an agreement Example: on-market trade, off-market trade, exercise of options, entitling the Director to have the Options issue of securities under dividend reinvestment plan, participation in buy-back issued to him, subject to Shareholders’ approval, which was granted on 30 November 2020.

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	Contract of appointment as Non-Executive Chairman(Contract).
Nature of interest	The right to be issued with 4,000,000 Options, subject toShareholders’ approval.
Name of registered holder(if issued securities)	N/A
Date of change	3 December 2020.
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	4,000,000 Options.
Interest acquired	Nil
Interest disposed	The right under the Contract to be issued with 4,000,000Options, subject to Shareholders’ approval. (This rightended by performance,upon the issue of the Options.)
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	The Contractual right ended in consideration of the issueof the Options.
Interest after change	Nil

Part 3 –[+] Closed period

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 the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011