CARAVEL MINERALS LIMITED — Director's Dealing 2021

Mar 9, 2021

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.

Introduced 30/9/2001.
Name of entity	Caravel Minerals Limited
ABN	41 120 069 089

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.

irector for the purposes of section 205G of	the Corporations Act.
Name of Director	Alasdair Cooke
Date of last notice	24 August 2020

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	Glenlaren Pty Ltd
(including registered holder)	Hartree Pty Ltd
Note: Provide details of the circumstances giving rise to therelevant interest.	Melissa Cooke (spouse)
Date of change	4 March 2021
No. of securities held prior to change	Alasdair Campbell Cooke
	1,012,277 ordinary shares
	2,000,000 unlisted options ($0.080 expiring 30 September
	2021)
	2,730,000 unlisted options ($0.080 expiring 30 June 2022)
	Glenlaren Pty Ltd
	5,224,491 ordinary shares
	Hartree Pty Ltd
	16,439,590 ordinary shares
Class	Ordinary Shares
Number acquired	500,000 ordinary shares
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration includesbrokerage/gstNote: If consideration is non-cash, provide details andestimated valuation	$40,000
No. of securities held after change	Alasdair Campbell Cooke1,012,277 ordinary shares2,000,000 unlisted options ($0.080 expiring 30 September2021)2,730,000 unlisted options ($0.080 expiring 30 June 2022)Glenlaren Pty Ltd5,224,491 ordinary sharesMelissa Cooke500,000 sharesHartree Pty Ltd16,439,590 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Participation in share placement as approved by shareholders on5 February 2021

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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 3 Closed Period

Part 3 Closed Period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearanceprovided to allow the trade to proceedduring this period?	N/A
If prior written clearance was provided,on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3