Cygnus Metals Ltd — Director's Dealing 2023

Sep 24, 2023

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	Cygnus Metals Limited
ABN	80 609 094 653

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	Kevin Tomlinson
Date of last notice	1 September 2023

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 thecircumstances giving rise to the relevantinterest.	JJROK Inc (of which Mr Tomlinson is a director and shareholder)
Date of change	22 September 2023
No. of securities held prior tochange	JJROK Inc300,000 Class R Performance Rights (expiry 13/2/2028)400,000 Class T Performance Rights (expiry 13/2/2028)300,000 Class V Performance Rights (expiry 3/4/2028)Mr Kevin Tomlinson75,000 Fully paid ordinary shares
Class	(a) Class R Performance Rights(b) Fully Paid Ordinary Shares
Number acquired	(a) Nil(b) 300,000
Number disposed	(a) 300,000(b) Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	Nil – conversion of performance rights
No. of securities held afterchange	JJROK Inc400,000 Class T Performance Rights (expiry 13/2/2028)300,000 Class V Performance Rights (expiry 3/4/2028)300,000 Fully paid ordinary sharesMr Kevin Tomlinson75,000 Fully paid ordinary shares
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	Conversion of vested Performance Rights to Shares

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
Name of registered holder(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?
If prior written clearance was provided, on whatdate was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011