ALARA RESOURCES LIMITED — Director's Dealing 2022

Jul 10, 2022

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	2 March 2021

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	23 December 20218 July 2022
No. of securities held prior to change	23 December 20213,455,438 fully paid, ordinary shares5,000,000 $0.03 options expiring 30 March20238 July 20213,455,438 fully paid, ordinary shares3,333,000 $0.03 options expiring 31 July 20242,500,000 $0.03 options expiring 30 June20241,666,000 $0.03 options expiring 30 April20245,000,000 $0.03 options expiring 30 March2023

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	23 December 2021(1) $0.03 options expiring 31 July 2024(2) $0.03 options expiring 30 June 2024(3) $0.03 options expiring 30 April 20248 July 2022$0.03 options expiring30 March 2023
Number acquired	23 December 2021(1) 3,333,000(2) 2,500,000(3) 1,666,0008 July 2022Nil
Number disposed	23 December 2021Nil8 July 20225,000,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	23 December 2021$Nil8 July 2022$Nil
No. of securities held after change	3,455,438 AUQ fully paid, ordinary shares3,333,000 $0.03 options expiring 31 July 20242,500,000 $0.03 options expiring 30 June20241,666,000 $0.03 options expiring 30 April2024
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	23 December 2021Issue pursuant to shareholders’ approval atAnnual General Meeting on 20 December20218 July 2022Voluntarycancellation

• 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

art 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