ANDROMEDA METALS LIMITED — Director's Dealing 2018

Mar 21, 2018

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	8 December 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	Direct and Indirect
Nature of indirect interest	1.	Drown Geological Services Pty Ltd
(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	2.	Mr Chris Drown and Mrs Lynette Drown(C&L Drown Family A/C)
	3.	ADN LFESP Pty Ltd (as trustee of the
		Adelaide Resources Limited Loan Funded
		Employee Share Plan)
Date of change	21	March 2018
No. of securities held prior to change	Direct
		948,815 shares
		421,696 listed options
	Indirect
	1.	364,500 shares and 162,000 options
	2.	8,836,970 shares and 3,927,543 options
	3.	3,987,500 shares
Class	Listed ordinary shares
Number acquired	1,800,000 ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Number dispo	sed			1,288,000
	Value/ConsideNote: If consideratiovaluation	rationn is non-cash, provide details and estimated			$0.006 per share
	No. of securiti	es held after change			Direct
					948,815 shares
					421,696 listed options
					Indirect1. 364,500 shares and 162,000 options
					2.8,836,970 shares and 3,927,543 options34499500 shares
					.,,
	Nature of chExample: on-market	angetrade off-market trade exercise of options			The shares acquired were issued under the
	issue of securities unin buy-back	, , ,der dividend reinvestment plan, participation			Andromeda Metals Limited Loan FundedEmployee Share Plan and are subject to theachievement of certain KPIs during 2018.The shares disposed represent those shares
					issued under the Andromeda Metals LimitedLoan Funded Employee Share Plan that the
					director has ceased to be entitled to due tothe non-achievement of a number of KPIs for
					2017.
	Part 2 – ChaNote: In the case of a c	nge of director’s interests in contractsompany, interests which come within paragraph (ii) of the definition of “notifiable interest of a director”
	should be disclosed in	his part.	N/AN/A
	Detail of con	tract	N/A
	Nature of int	erest	N/A
	Name of regi(if issued se	stered holderurities)	N/A
	Date of chan	ge	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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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