ANAX METALS LIMITED — Director's Dealing 2021

Dec 8, 2021

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	Anax Metals Limited
ABN	46 106 304 787

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Geoff Laing
Date of last notice	22 December 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	As trustee for the Laing Family A/C
Date of change	7 December 2021
No. of securities held prior to change	Direct(a) 1,368,563fullypaidordinarysharesIndirect(b) 7,222,894fullypaidordinaryshares(c) 2,700,000unquotedoptionsexercisable at $0.045 each on orbefore 10 December 2021; and(d) 2,700,000unquotedoptionsexercisable at $0.069 each on orbefore 10 December 2022.(e) 8,100,000PerformanceRightssubject to escrow and vesting

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Fully paid ordinary sharesUnquoted options exercisable at $0.045each on or before 10 December 2021
Number acquired	2,700,000 Fully paid ordinary shares
Number disposed	2,700,000 unquoted options exercisableat $0.045 each on or before 10 December2021
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$121,500
No. of securities held after change	Direct(a) 1,368,563fullypaidordinarysharesIndirect(b) 9,922,894fullypaidordinaryshares(c) 2,700,000unquotedoptionsexercisable at $0.069 each on orbefore 10 December 2022.(d) 8,100,000PerformanceRightssubject to escrow and vesting
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Exercise of options

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 Nature of interest Name of registered holder (if issued securities) Date of change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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/s
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3