ARIKA RESOURCES LIMITED — Director's Dealing 2019

May 12, 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	Metalicity Limited
ABN	92 086 992

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	Justin Barton
Date of last notice	29 August 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Coventina Holdings Pty Ltd ATF <CoventinaFamily Trust>
Date of change	13 May 2019
No. of securities held prior to change	277,778 fully paid ordinary shares2,000,000 unlisted options exercisable at$0.06 expiring 31 Dec 192,000,000 unlisted options exercisable at$0.08 expiring 31 Dec 192,000,000 unlisted options exercisable at$0.10 expiring 31 Dec 192,500,000 unlisted options exercisable at$0.06 expiring 26/8/20212,500,000 unlisted options exercisable at$0.08 expiring 26/8/20212,500,000 unlisted options exercisable at$0.10 expiring 26/8/202
Class	Fully Paid Ordinary Shares – on marketUnlisted Options–not vested

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	500,000 unlisted fully paid ordinary sharespurchased on market
Number disposed	7,500,000 unlisted options not vested
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$4,000
No. of securities held after change	777,778 fully paid ordinary shares2,000,000 unlisted options exercisable at$0.06 expiring 31 Dec 192,000,000 unlisted options exercisable at$0.08 expiring 31 Dec 192,000,000 unlisted options exercisable at$0.10 expiring 31 Dec 19
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market purchase of sharesCancellation of unlisted options not vested

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above	No
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3