CARNAVALE RESOURCES LIMITED — Director's Dealing 2020

Sep 24, 2020

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 30/9/2001.

Name of entity - CARNAVALE RESOURCES LIMITED ABN: 49 119 450 243

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	RHETT BRANS
Date of last notice	31 December 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 the relevantinterest.	Proman Consulting Engineers Pty Ltd – anentity in which Mr Brans is a director andholds a beneficial interest.Rhett and Monica Brans A/T/F The R & MBrans Super Fund, an entity of which Mr andMrs Brans are beneficiaries.
Date of change	24 September 2020
No. of securities held prior to change4,000,000 ordinary fully paid shares1,000,000 options (ex $0.007, exp 30/09/20)	Proman Consulting Engineers Pty Ltd
Class	Ordinary fully paid shares.
Number acquired1,000,000 ordinary fully paid shares	Proman ConsultingEngineers PtyLtd.
Number disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 5

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$7,000.00
No. of securities held after change5,000,000 ordinary fully paid shares	Proman Consulting Engineers Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of options.

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.

sclosed in this part.
Detail of contract	N/A
Nature of interest	Performance Rights
Name of registered holder(if issued securities)	N/A
Date of change	N/A.
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation to which the interesthas changed	3,000,000performancerightsexpiring 30 June 2021. Eachperformance right can convert to oneordinary share upon satisfaction ofspecified performance criteria.
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	3,000,000 Performance Rights.

Part 3 – Closed Period

art 3 – Closed Period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	No.
If so, was prior written clearance provided toallow the trade to proceed during thisperiod?	N/A.
If prior written clearance was provided, onwhat date was this provided?	N/A.

• See chapter 19 for defined terms.

Appendix 3Y Page 6

11/3/2002