CAPRICORN METALS LTD — Director's Dealing 2019

Sep 1, 2019

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 CAPRICORN METALS LTD ABN 84 121 700 105

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	DONALD MARK OKEBY
Date of last notice	8 JULY 2019

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(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	a)LIBERTY MANAGEMENT PTY LTDDirector & Memberb)LIBERTY MANAGEMENT PTY LTDDirector & Beneficiary
Date of change	30 AUGUST 2019
No. of securities held prior to change	INDIRECTa)23,076,924 ORDINARY SHARES
Class	UNQUOTED OPTIONS
Number acquired	10,000,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	NIL
No. of securities held after change	INDIRECTa) 23,076,924 ORDINARY SHARESb) 10,000,000 UNQUOTED OPTIONS EXERCISE PRICE $0.12PER SHARE EXPIRY DATE 30 AUGUST 2022
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation inbuy-back	ISSUEDUNDERINCENTIVEOPTIONPLANAFTERSHAREHOLDER APPROVAL RECEIVED 27 AUGUST 2019

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

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 Note: Details are only required for a contract in relation to which the interest has changed Interest acquired 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.

Appendix 3Y Page 2

01/01/2011