AUSQUEST LIMITED — Director's Dealing 2021

Apr 8, 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 – AusQuest Limited

ABN – 35 091 542 451

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	Graeme Drew
Date of last notice	1 December 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	Change in indirect interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Graeme Drew and Mrs Barbara Drew < The Drew Family S/F A/C>
Date of change	(i) 9 April 2021 (ii) 9 April 2021
No. of securities held prior to change	Indirect: 16,942,457 Ordinary fully paid shares 3,388,491 Listed Options (exercise price of $0.025 per option, expiry date of 30 November 2021) Direct : 10,000,000 Unlisted Options (exercise price of $0.075 per option, expiry date of 30 November 2024)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	(i) Ordinary Shares (ii) Unlisted Options (exercise price of $0.04 per option, expiry date of 1 March 2023)
Number acquired	(i) 2,380,952 (ii) 1,190,476
Number disposed	(i) Nil (ii) Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $50,000 (being $0.021 per share) (ii) Nil (one free attaching Unlisted Option issued for every two Shares subscribed for)
No. of securities held after change	Indirect: 19,323,409 Ordinary fully paid shares 3,388,491 Listed Options (exercise price of $0.025 per option, expiry date of 30 November 2021) 1,190,476 Unlisted Options (exercise price of $0.04 per option, expiry date of 1 March 2023). Direct: 10,000,000 Unlisted Options (exercise price of $0.075 per option, expiry date of 30 November 2024)
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 Placement Shares and free attaching Placement Options as approved at the Company’s General Meeting on 31 March 2021 (Resolution 4).

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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

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 – AusQuest Limited

ABN – 35 091 542 451

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	Christopher Ellis
Date of last notice	1 December 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	Change in indirect interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Chrysalis Investments Pty Ltd of which Mr Ellis is a director and shareholder.
Date of change	(i) 9 April 2021 (ii) 9 April 2021
No. of securities held prior to change	Indirect : 155,868,673 Ordinary fully paid shares 31,173,734 Listed Options (exercise price of $0.025 per option, expiry date of 30 November 2021) 5,000,000 Unlisted Options (exercise price of $0.075 per option, expiry date of 30 November 2024)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(i) Ordinary Shares (ii) Unlisted Options (exercise price of $0.04 per option, expiry date of 1 March 2023)
Number acquired	(i) 19,047,620 (ii) 9,523,810
Number disposed	(i) Nil (ii) Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $400,000 (being $0.021 per share) (ii) Nil (one free attaching Unlisted Option issued for every two Shares subscribed for)
No. of securities held after change	Indirect : 174,916,293 Ordinary fully paid shares 31,173,734 Listed Options (exercise price of $0.025 per option, expiry date of 30 November 2021) 5,000,000 Unlisted Options (exercise price of $0.075 per option, expiry date of 30 November 2024) 9,523,810 Unlisted Options (exercise price of $0.04 per option, expiry date of 1 March 2023)
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 Placement Shares and free attaching Placement Options as approved at the Company’s General Meeting on 31 March 2021 (Resolution 3).

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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