BLACK ROCK MINING LIMITED — Director's Dealing 2018

Jan 3, 2018

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ASX Release 4 January 2018

Appendix 3Y Update

Tanzanian graphite developer Black Rock Mining ( ASX:BKT) (“Black Rock or the “Company”) confirms that in relation to the Appendix 3Y for Mr Stephen Copulos lodged with the ASX on 27 December 2017, there was an administrative disclosure anomaly. There is no understatement or overstatement in the total shares owned by Mr Copulos and no mis-disclosure, the anomaly related to the incorrect carry forward total for the shares held within the Supermax Pty Ltd account. The total shares held within the Supermax Pty Ltd account prior to and after the Appendix 3Y lodged on 27 December 2017 remains the same at 10,316,667 Ordinary Fully Paid Shares. The anomaly showed

The total shares owned by Mr Copulos prior to and after the 27 December 2017 disclosure remains the same at 93,796,003 shares.

Find attached an amended Appendix 3Y for Mr Stephen Copulos.

For more information:

Gabriel Chiappini

Director

Black Rock Mining

+61 9320 7550

gabriel@blackrockmining.com.au

Black Rock Mining Ltd ACN 094 551 336 ASX: BKT

Issued Capital Australian Registered Office 434m Shares Level 1, 35 Havelock Street 67.2m Options West Perth, WA 6005 3.4m Performance Rights Ph: +61 8 9320 7550 E: info@blackrockmining.com.au

Tanzanian Office

Mahenge Resources Ltd 202 Village Walk Building Toure Drive, PO Box 80003 Dar es Salaam Tanzania

Directors

Richard Crookes John de Vries Stephen Copulos Gabriel Chiappini

BLACKROCKMINING.COM.AU BLACKROCKMINING.COM.AU

PAGE 1

Appendix 3Y Change of Director’s Interest Notice

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 30/9/2001. Amended 01/01/11

Name of entity	BLACK ROCK MINING LIMITED
	094 551 336

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	Stephen Copulos
Date of last notice	23 June 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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change	Eyeon No 2 Pty Ltd(Director)Citywest Corp Pty Ltd(Director)Eyeon Investments Pty Ltd(Director)Supermax Pty Ltd(Director)Spacetime Pty Ltd(Director)20 December 2017

• See chapter 19 for defined terms.

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Eyeon No 2 Pty Ltd8,362,747 Ordinary Fully Paid SharesSupermax Pty Ltd10,316,667 Ordinary Fully Paid Shares1,291,080 Listed Options Exp 19.01.18Eyeon Investments Pty Ltd36,116,590 Ordinary Fully Paid Shares2,000,000 Options Exp 30.11.181,800,000 Peformance Rights Exp 31.12.2018Citywest Corp Pty Ltd33,833,333 Ordinary Fully Paid Shares2,333,333 Options Exp 30.11.18Spacetime Pty Ltd5,166,666 Ordinary Fully Paid Shares2,333,333 Options Exp 30.11.18Total Ordinary shares held after change93,796,003 ORD SHARES
Class	(i)Unlisted Options(ii)Performance Rights
Number of shares acquired	(i)5,000,000 Unlisted Options
Number disposed	(ii)1,800,000 Performance Rights(cancellation)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	(i)Nil - Approved at 2017 AGM(ii)Nil – cancelled by mutual consent
No. of securities held after change	Eyeon No 2 Pty Ltd8,362,747 Ordinary Fully Paid SharesSupermax Pty Ltd10,316,667 Ordinary Fully Paid Shares1,291,080 Listed Options Exp 19.01.18Eyeon Investments Pty Ltd36,116,590 Ordinary Fully Paid Shares2,000,000 Options Exp 30.11.185,000,000 unlisted options, $0.10, 31-Aug-2020Citywest Corp Pty Ltd33,833,333 Ordinary Fully Paid Shares2,333,333 Options Exp 30.11.18Spacetime Pty Ltd5,166,666 Ordinary Fully Paid Shares2,333,333 Options Exp 30.11.18Total Ordinary shares held after change93,796,003 ORD SHARES

Off Market

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

Appendix 3Y Change of Director’s Interest Notice

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 Interest acquired Interest disposed Value/Consideration 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 priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?
If prior written clearance was provided, on what datewas this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

1/1/2011