BUBALUS RESOURCES LIMITED — Director's Dealing 2026

Feb 12, 2026

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	Bubalus Resources Limited
ABN	17 654 970 751

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	William Oliver
Date of last notice	30 May 2025

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
Nature of indirect interest	1.	Mr William Alan Oliver + Mrs Bryony
(including registered holder)		Nicolle Norman Oliver <Maximillian
Note: Provide details of the circumstances giving rise to the relevant interest.		Investment A/C>
	2.	Mr William Alan Oliver + Mrs Bryony
		Nicolle Norman Oliver
Date of change	5-11 February 2026
No. of securities held prior to change	1.	a) 50,000 Fully Paid Ordinary Shares
		b) 525,000 Options exercisable at $0.40
		on or before 11 October 2026
		c) 750,000 Performance rights, expiring
		three years from the date of issue
	2.	a) 290,909 Fully Paid Ordinary Shares
Class	Shares
Number acquired	156,060
Number disposed	Nil
Value/Consideration	$15,319.47
Note: If consideration is non-cash, provide details and estimated
valuation

• 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

Nature of change

1. a) 50,000 Fully Paid Ordinary Shares b) 525,000 Options exercisable at $0.40 on or before 11 October 2026 c) 750,000 Performance rights, expiring three years from the date of issue 2. 446,969 Fully Paid Ordinary Shares On market purchases

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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.

==> picture [434 x 310] intentionally omitted <==

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Detail of contract N/A
Nature of interest N/A
Name of registered holder N/A
(if issued securities)
Date of change N/A
No. and class of securities to which N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired N/A
Interest disposed N/A
Value/Consideration N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change N/A
----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above	No
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	-
proceed during this period?
If prior written clearance was provided, on what date was this	-
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011