ASARA RESOURCES LIMITED — Director's Dealing 2020

Jul 2, 2020

ASX/Media Announcement 3 July 2020

Change of Director’s Interest Notices

Golden Rim Resources Ltd (ASX: GMR, Golden Rim , Company ) refers to yesterday’s issue of shares under the Company’s Director and Employee Remuneration Share Plan ( Plan ).

The Company now provides an Appendix 3Y (Change of Director’s Interest Notice) for each of the directors. With respect to Mr Adonis Pouroulis’ previous Appendix 3Y of 9 June 2020, the Company advises there was a miscalculation in the total number of securities held after change, which should have read 112,692,946 Ordinary fully paid shares. The 1,936,126 shares reported as an acquisition in that Notice were erroneously omitted from the total.

-ENDS-

For further information, please contact: Golden Rim Resources Craig Mackay Managing Director Golden Rim Resources +61 3 9836 4146 craig@goldenrim.com.au

This announcement was authorised by the Company Secretary of Golden Rim Resources Ltd.

About Golden Rim Resources

West African gold explorer, Golden Rim Resources Limited (ASX: GMR), is focused on the discovery and development of gold projects in West Africa.

With a decade of experience working in Burkina Faso, the Company is well placed to turn discoveries into real value for shareholders.

The Kouri Gold Project, located in north-east Burkina Faso, contains over 1.4Moz in defined Mineral Resources, with significant upside potential to grow.

Kouri is traversed by a significant NE-trending fault splay that is connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9 Moz gold), Bomboré (5.2 Moz gold), Essakane (7 Moz gold) and Sanbrado (2.8 Moz gold). The mineralised fault system extends into western Niger where the 2.5 Moz Samira Hill is located.

For more information: www.goldenrim.com.au

ASX Code: GMR Market Capitalisation: A$20.6m Issued Shares: 1,472m

Golden Rim Resources Ltd I ABN 39 006 710 774 I Office 7, Level 2, 609 Canterbury Road, Surrey Hills, VIC 3127, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 3 9836 4146

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 GOLDEN RIM RESOURCES LTD

ABN 39 006 710 774

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	Adonis POUROULIS
Date of last notice	9 June 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	9 June 2020 (Director and Employee Remuneration Share Plan (Plan) shares)
No. of securities held prior to change	112,692,946 Ordinary fully paid shares 5,000,000 Unlisted Options Ex $0.03 Exp 17/01/22
Class	Ordinary fully paid shares
Number acquired	365,146 (Plan shares)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$4,162.67 non-cash estimated valuation. Plan shares issued in lieu of cash remuneration at a deemed price of $0.0114 per share. Issue approved by shareholders 2 June 2020.
No. of securities held after change	113,058,092 Ordinary fully paid shares 5,000,000 Unlisted Options Ex $0.03 Exp 17/01/22
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of securities under Plan approved by shareholders 2 June 2020.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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	-
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 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?	NA
If prior written clearance was provided, on what date was this provided?	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 GOLDEN RIM RESOURCES LTD

ABN 39 006 710 774

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	Craig Ross MACKAY
Date of last notice	9 June 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Earth Science Solutions Pty Ltd a related party of Craig Mackay
Date of change	2 July 2020 (Director and Employee Remuneration Share Plan (Plan) shares)
No. of securities held prior to change	14,028,735 Ordinary fully paid shares 288,461 Unlisted Options Ex $0.04 Exp 14/09/20 5,000,000 Unlisted Options Ex $0.04 Exp 19/12/20 10,000,000 Unlisted Options Ex $0.03 Exp 29/11/21
Class	Ordinary fully paid shares
Number acquired	943,246 (Plan shares)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$10,753.00 non-cash estimated valuation. Plan shares issued in lieu of cash remuneration at a deemed price of $0.0114 per share. Issue approved by shareholders 2 June 2020.
No. of securities held after change	14,971,981 Ordinary fully paid shares 288,461 Unlisted Options Ex $0.04 Exp 14/09/20 5,000,000 Unlisted Options Ex $0.04 Exp 19/12/20 10,000,000 Unlisted Options Ex $0.03 Exp 29/11/21
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of securities under Plan approved by shareholders 2 June 2020.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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.

==> picture [434 x 317] intentionally omitted <==

----- Start of picture text -----

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 -
Value/Consideration -
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change -
----- End of picture text -----

Part 3 –[+] Closed period

==> picture [434 x 98] intentionally omitted <==

----- Start of picture text -----

Were the interests in the securities or contracts detailed No
above traded during a [+] closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade NA
to proceed during this period?
If prior written clearance was provided, on what date was this NA
provided?
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 GOLDEN RIM RESOURCES LTD

ABN 39 006 710 774

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	Kathryn Fay DAVIES
Date of last notice	9 June 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	2 July 2020 (Director and Employee Remuneration Share Plan (Plan) shares)
No. of securities held prior to change	3,362,202 Ordinary fully paid shares 1,600,000 Unlisted Options Ex $0.04 Exp 19/12/20 2,800,000 Unlisted Options Ex $0.03 Exp 29/11/21
Class	Ordinary fully paid shares
Number acquired	247,762 (Plan shares)
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$2,824.49 non-cash estimated valuation. Plan shares issued in lieu of cash remuneration at a deemed price of $0.0114 per share. Issue approved by shareholders 2 June 2020.
No. of securities held after change	3,609,964 Ordinary fully paid shares 1,600,000 Unlisted Options Ex $0.04 Exp 19/12/20 2,800,000 Unlisted Options Ex $0.03 Exp 29/11/21
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of securities under Plan approved by shareholders 2 June 2020.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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.

==> picture [434 x 317] intentionally omitted <==

----- Start of picture text -----

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 -
Value/Consideration -
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change -
----- End of picture text -----

Part 3 –[+] Closed period

==> picture [434 x 98] intentionally omitted <==

----- Start of picture text -----

Were the interests in the securities or contracts detailed No
above traded during a [+] closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade NA
to proceed during this period?
If prior written clearance was provided, on what date was this NA
provided?
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011