CODRUS MINERALS LIMITED — Director's Dealing 2022

Feb 6, 2022

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	Codrus Minerals Limited
ABN	600 818 157

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	Shannan Bamforth
Date of last notice	23 June 2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	-
Date of change	1 February 2022 – 2 February 2022
No. of securities held prior to change	• 250,000 Ordinary fully paid shares (participation in IPO). • 2,000,000 Unlisted Options exercisable at $0.30 expiring 17 June 2024 (escrowed 24 months) • 1,500,000 Class A Performance Rights expiring 17 June 2026 (escrowed 24 months) • 2,000,000 Class B Performance Rights expiring 17 June 2026 (escrowed 24 months) • 1,500,000 Class C Performance Rights expiring 17 June 2026 (escrowed 24 months)

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary fully paid shares
Number acquired	90,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.12 per share.
No. of securities held after change	• 340,000 Ordinary fully paid shares • 2,000,000 Unlisted Options exercisable at $0.30 expiring 17 June 2024 (escrowed 24 months) • 1,500,000 Class A Performance Rights expiring 17 June 2026 (escrowed 24 months) • 2,000,000 Class B Performance Rights expiring 17 June 2026 (escrowed 24 months) • 1,500,000 Class C Performance Rights expiring 17 June 2026 (escrowed 24 months)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market purchase.

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	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3