ANDROMEDA METALS LIMITED — Director's Dealing 2021

Mar 3, 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 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	Joseph Frederick Ranford
Date of last notice	28 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	Indirect
Nature of indirect interest	Joseph Frederick Ranford		(The Ranford
(including registered holder)Note: Provide details of the circumstances giving rise to the	Family Trust)
relevant interest.
Date of change	3 March 2021
No. of securities held prior to change	Direct
	•Nil
	Indirect
	•3,250,000	unlisted	performance
	rights subject to vesting criteria and
	expiring on 23 December 2023
	•9,000,000	unlisted	performance
	rights subject to vesting criteria and
	expiring on 24 December 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares
	Unlisted Performance Rights
Number acquired	3,500,000
Number disposed	3,500,000
Value/Consideration	$0.289 per performance share
Note: If consideration is non-cash, provide details and estimatedvaluation	(Black Scholes valuation)
No. of securities held after change	Direct
	•Nil
	Indirect
	•3,500,000 ordinary shares
	•3,250,000unlisted	performance
	rights subject to vesting criteria			and
	expiring on 23 December		2023
	•5,500,000unlisted	performance
	rights subject to vesting criteria			and
	expiring on 24 December		2022
Nature of change	Vestingofperformance		rights	on
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation	achievement of performance	criteria.
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 Nature of interest Name of registered holder (if issued securities) 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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