AUSGOLD LIMITED — Director's Dealing 2019

Nov 17, 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 Ausgold Limited ABN 67 140 164 496

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	Geoffrey Michael Jones
Date of last notice	1 November 2019

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.

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----- Start of picture text ----- Direct or indirect interest Direct and IndirectNature of indirect interest The Lee-Jones Superannuation Fund of which(including registered holder) Geoffrey Jones is a joint trustee and beneficiaryNote: Provide details of the circumstances giving rise to the relevantinterest.Date of change 14 November 2019No. of securities held prior to change Lee -Jones Superannuation Funda) 5,000,000 ordinary sharesGeoffrey M Jonesa) 4,000,000 options ex $0.08, exp 30.11.20Class Performance RightsNumber acquired 3,000,000Number disposedValue/Consideration NilNote: If consideration is non-cash, provide details and estimated valuation----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Lee -Jones Superannuation Fund a) 5,000,000 ordinary shares Geoffrey M Jones a) 4,000,000 options ex $0.08, ex 30.11.20 b) 3,000,000 performance rights Nature of change Issue of performance rights following Example: on-market trade, off-market trade, exercise of options, issue of shareholder approval at the Company’s Annual securities under dividend reinvestment plan, participation in buy-back General Meeting held on 8 November 2019

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011