ANDROMEDA METALS LIMITED — Director's Dealing 2019

Dec 26, 2019

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	Nicholas John Harding
Date of last notice	4 December 2018

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	1. Mrs Heather Doris Harding
(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	2. ADN LFESP Pty Ltd (as trustee of theAdelaide Resources Limited Loan
	Funded Employee Share Plan)
	3. Twentyfour Carat Pty Ltd (as trustee
	for the Harding Family Trust)
Date of change	24 December 2019
No. of securities held prior to change	Direct
	1,518,750 shares
	506,250 listed options with an
	exercise price of $0.012 and
	expiry date of 30 November 2020
	7,000,000 unlisted options with
	an exercise price of $0.012 and
	expiry date of 15 November 2021
	Indirect
	1. 653,243 shares and 217,748 listed
	options with an exercise price of
	$0.012andexpirydateof30
	November 2020
	2. 3,705,000 shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Unlisted options
Number acquired		1. 11,000,000 unlisted options2. 5,500,000 unlisted options
Number disposed		-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		1. $0.033 (black-scholes valuation)2. $0.035 (black-scholes valuation)
No. of securities held after change		Direct1,518,750 shares506,250 listed options with anexercise price of $0.012 andexpiry date of 30 November 20207,000,000 unlisted options withan exercise price of $0.012 andexpiry date of 15 November 2021Indirect1. 653,243 shares and 217,748 listedoptions with an exercise price of$0.012andexpirydateof30November 20202. 3,705,000 shares3. 11,000,000 unlisted options with anexercise price of $0.064 and an expirydate of 28 November 20225,500,000 unlisted options with anexercise price of $0.075 and expirydate of 28 November 2023, and whichvest 12 months after the 2019 AGMas long as Mr Harding is still adirector of ADN at that time
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back		Issue of incentive options as part ofremunerationpackageapprovedbyshareholders at the 2019 AGM

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)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Date of change 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 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