ANDROMEDA METALS LIMITED — Director's Dealing 2017

May 22, 2017

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 ANDROMEDA METALS LIMITED ABN 75 061 503 375

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	Christopher George Drown
Date of last notice	30 January 2017

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 therelevant interest.		1. Drown Geological Services Pty Ltd2. Mr Chris Drown and Mrs Lynette Drown(C&L Drown Family A/C)3. ADN LFESP Pty Ltd (as trustee of theAdelaideResourcesLimitedLoanFunded Employee Share Plan)
Date of change		23 May 2017
No. of securities held prior to change		Direct421,695 sharesIndirect1. 162,000 shares2. 3,927,542 shares3. 3,987,500 shares
Class		Listed ordinary sharesListed options
Number acquired		2,255,619 ordinary shares1,127,810 listed options
Number disposed		-

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	$0.008 per share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Direct
	632,543 shares
	105,424 listed options
	Indirect
	1. 243,000 shares and 40,500 options
	2. 5,891,313 shares and 981,886 options
	3. 3,987,500 shares
Nature of change	Take up of full entitlement under Rights
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation	Issue.
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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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