ANDROMEDA METALS LIMITED — Director's Dealing 2022

May 29, 2022

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	14 April 2022

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. Joseph Frederick Ranford Trust> (trustee and beneficiary) 2. J&A Ranford (trustee and beneficiary)
Date of change	30 May 2022
No. of securities held prior to change	1. 3,500,000 ordinary shares 5,500,000 unlisted performance rights (2022) 3,250,000 unlisted performance rights (2023) 1,350,000 unlisted performance rights (2024) 1,650,000 unlisted options (2025) 2. 85,000 ordinary shares
Class	Fully Paid Ordinary Shares Unlisted Performance Rights expiring 24 Dec 2022 Unlisted Performance Rights expiring 23 Dec 2023 Unlisted Performance Rights expiring 30 June 2024 Unlisted Options ex @ $0.2375 expiring 31 Dec 2025
Number acquired	1. 3,500,000 ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1. 3,500,000 unlisted performance rights (2022)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	n/a conversion of Performance Rights into Shares
No. of securities held after change	1. 7,000,000 ordinary shares 2,000,000 unlisted performance rights (2022) 3,250,000 unlisted performance rights (2023) 1,350,000 unlisted performance rights (2024) 1,650,000 unlisted options (2025) 2. 85,000 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of vested performance rights into Fully Paid Ordinary Shares.

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and 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 contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3