CORE LITHIUM LTD — Director's Dealing 2016

Jan 28, 2016

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	Core Exploration Limited
ABN	80 146 287 809

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	Heath HELLEWELL
Date of last notice	29 October 2015

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	Mr Hellewell is a director	of and has a
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	beneficial interest in the registeredholder Nedlands Nominees Pty Ltd
Date of change	28 January 2016
No. of securities held prior to change	375,000 Performance Rights
	1,000,000 Director Options
Class	PerformanceRights–	subjectto
	satisfaction of performance	condition by
	31/12/15.
	Director Options – exercisable at $0.10 up
	to 31 January 2017 and	subject to
	satisfaction of performance	condition by
	15/12/16.
Number acquired	Nil
Number disposed	375,000 Performance Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- Value/Consideration NilNote: If consideration is non-cash, provide details and estimatedvaluationNo. of securities held after change 1,000,000 Director OptionsNature of change Lapse of Performance Rights –Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in performance condition not met.buy-back----- End of picture text -----

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.

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----- Start of picture text ----- Detail of contract Not applicableNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

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----- Start of picture text ----- Were the interests in the securities or contracts detailed Not applicableabove traded during a [+] closed period where prior writtenclearance was required?If so, was prior written clearance provided to allow the tradeto proceed during this period?If prior written clearance was provided, on what date was thisprovided?----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011