BAYAN MINING AND MINERALS LIMITED — Director's Dealing 2021

Sep 1, 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	Balkan Mining and Minerals Limited
ABN	67 646 716 681

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 Ross Cotton Date of last notice 13 July 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 interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Skyflake Investments Pty Ltd atf Skyflake Trust (Mr Cotton is sole director and shareholder).
Date of change	2 September 2021
No. of securities held prior to change	1,750,000 Options exercisable at $0.50 each, on or before 6 July 2024. 600,000 Class A Performance Rights. 600,000 Class B Performance Rights. 600,000 Class C Performance Rights.
Class	Ordinary Shares and Class A Performance Rights.
Number acquired	600,000 Ordinary Fully Paid Shares – restricted until 14 July 2023
Number disposed	600,000 Class A Performance Rights (restricted until 14 July 2023) upon conversion into shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	The Shares were acquired by the Director for Nil cash consideration upon vesting of Performance Rights.
No. of securities held after change	600,000 Ordinary fully paid shares, restricted until 14 July 2023. 1,750,000 Options exercisable at $0.50 each, on or before 6 July 2024, restricted until 14 July 2023. 600,000. Class B Performance Rights, restricted until 14 July 2023. 600,000. Class C Performance Rights, restricted until 14 July 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	Acquisition of ordinary fully paid shares upon vesting of Performance Rights.

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
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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

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Appendix 3Y Page 3