AURAVELLE METALS LIMITED — Director's Dealing 2021

Nov 30, 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	SIPA RESOURCES LIMITED
ABN	26 009 448 980

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 McGown
Date of last notice	18 March 2021

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 tothe relevant interest.	1. IonikosPtyLtdATFMcGownSuperannuation Fund, a trustee company ofwhich Mr McGown is a Director andbeneficiary of the trust.2. and 3.Resource Investment Capital Advisors PtyLtd, a company of which Mr McGown is adirector
Date of change	29 November 2021
No. of securities held prior to changeIonikos Pty Ltd ATF McGownSuperannuation FundResourceInvestmentCapitalAdvisors Pty Ltd	639,203 Ordinary Shares135,036 Ordinary Shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	1. Incentive options2. Ordinary Shares3. Incentive Options
Number acquired	1. 600,0002. 338,9833. 400,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	1. Nil2. $0.059 per share3. Nil
No. of securities held after changeIonikos Pty Ltd ATF Mc GownSuperannuation FundResource Investment CapitalAdvisors Pty Ltd	639,203 Ordinary Shares600,000 non-executive director options expiring29/11/2025 at various prices ($0.093, $0.134, $0.174,$0.214)474,019 Ordinary Shares.400,000 non-executive director options expiring29/11/2025 at various prices ($0.093, $0.134, $0.174,$0.214)
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	1. Issueofincentiveoptionsfollowingshareholder approval at the 2021 AGM2. Placement following shareholder approvalat the 2021 AGM3. Issueofincentiveoptionsfollowingshareholder approval at the 2021 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) Date of change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

**art 3– **+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3