AUSTIN METALS LIMITED — Director's Dealing 2018

Sep 24, 2018

==> picture [451 x 101] intentionally omitted <==

25 September 2018

Change of Director’s Interest Notice

Silver City Minerals Limited ( Silver City or the Company ) refers to the attached Change of Director’s Interest Notice (Appendix 3Y) for the issue of shares on the exercise of options on 7 March 2018.

The Company advises that it is aware of its listing rule obligations in relation to this disclosure and specifically listing rules 3.19A and 3.19B. In this respect the Company makes the following statements relating to the attached Appendix 3Y.

• a) The Appendix 3Y is being filed to correct an administrative oversight;

• b) The Company has informed all Directors of the disclosure requirements set out in the listing rules 3.19, 3.19B and s 205G of the Corporations Act. In addition, the Company has adopted a Securities Trading Policy which has been disclosed to the market and outlines the requirements for disclosure and approval of all securities trading; and

• c) The Company is confident that the arrangements it currently has in place are adequate and doesn’t believe that any additional steps are required to ensure ongoing compliance with listing rule 3.19B.

==> picture [134 x 53] intentionally omitted <==

Ivo Polovineo Company secretary

==> picture [463 x 45] intentionally omitted <==

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 Silver City Minerals Limited (ASX Code: SCI)

ABN 68 130 130 933 309

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 Torrey

Date of last notice 22 August 2017

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	Glenys Rae Torrey
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	In effect has a relevant interest in sharesheld by spouse.
Date of change	7 March 2018
No. of securities held prior to change	Indirect:-1,180,889 Ordinary shares-2,000,000 Options expire 2December 2017, exercise price10 cents**#-1,000,000 Options expire 24November 2018, exercise price 4cents-2,000,000 Options expire 24November 2019, exercise price 6cents#** expired
Class	Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	250,000	250,000	250,000
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimatedvaluation	4.0	cents per share
No. of securities held after change	Indirect:
		-	1,430,889 Ordinary shares
		-	750,000 Options expire 24
			November 2018, exercise price 4
			cents
		-	2,000,000 Options expire 24
			November 2019, exercise price 6
			cents
Nature of change	Issued		on the exercise of 250,000
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	November 2018 director’s options
buy-back

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3