CASTILE RESOURCES LTD — Director's Dealing 2020

Dec 20, 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 30/09/01 Amended 01/01/11

Name of entity	Castile Resources Ltd
ABN	93 124 314 085

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	Mark Steven Hepburn
Date of last notice	13 February 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	Indirect
Nature of indirect interest	MH Cornerstone Pty Ltd as trustee for the
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mulligan Family Trust (Mr Hepburn is adirector of MH Cornerstone, and a
	beneficiaryof the trust)
Date of change	21 December 2020
No. of securities held prior to change	500,000 fully paid ordinary shares; and
	2,000,000 unquoted options exercisable at
	$0.25 on or before 26 November 2022
	(escrowed for 24 months from 14 February
	2020)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Class	Unquoted options as follows:•1,000,000 options exercisable at$0.313 on or before 21 December2023 (“STI Options”);•600,000 options exercisable at$zero on or before 21 December2024 (“LTI Options”)	Unquoted options as follows:•1,000,000 options exercisable at$0.313 on or before 21 December2023 (“STI Options”);•600,000 options exercisable at$zero on or before 21 December2024 (“LTI Options”)
		•1,000,000 options exercisable$0313 on or before 21 Decemb
		.2023 (“STI Options”);
		•600,000 options exercisable$zero on or before 21 Decembe
		2024 (“LTI Options”)
Number acquired		1,000,000 STI Options;
		600,000 LTI Options
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andvaluation		Nil; Refer to notice of meeting date	d
	estimated	27 October 2020
No. of securities held after change		500,000 fully paid ordinary shares;2,000,000 unquoted options exercisable
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		Granting of options to Managing Directoras approved by CST shareholder on26 November 2020.

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 a contract inrelation to which the interest has changed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	Interest acquired	N/A
	Interest disposed	N/A
	Value/Consideration	N/A
	Note: If consideration is non-cash, provide detailsand an estimated valuation
	Interest after change	N/A

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.

01/01/2011 Appendix 3Y Page 3