CAPRICORN METALS LTD — Director's Dealing 2018

Feb 1, 2018

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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.

Name of entity	CAPRICORN METALS LTD
ABN	84 121 700 105

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	GUY F M LECLEZIO
Date of last notice	27 DECEMBER 2017
Date that director ceased to be director	2 FEBRUARY 2018

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

4,741,903 ORDINARY SHARES

1,000,000 $0.20 OPTIONS EXERCISABLE ON OR BEFORE 31/05/2020

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving riseto the relevant interestRUNNING WATER LTDDirector & Shareholder	Number & class of securities14,808,110 ORDINARY SHARES

Part 3 – Director’s interests in contracts

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)No. and class of securities to whichinterest relates----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002