DEEP YELLOW LIMITED — Board/Management Information 2023

May 17, 2023

NEWS RELEASE

18 May 2023

DEEP YELLOW APPOINTS TIM LINDLEY AS NON-EXECUTIVE DIRECTOR

Deep Yellow Limited ( Deep Yellow or Company ) is pleased to announce the appointment of Mr Tim Lindley as Non-Executive Director, further strengthening the Board as the Company continues its strategy to establish a globally diversified, Tier-1 uranium platform with 10+Mlb production p.a.

Mr Lindley is an experienced investment banker who brings a proven track record and background in project finance, debt, equity capital markets and M&A. During his 25-year career, Mr Lindley has held several senior and executive roles in both Australia and internationally, including Country Head (Australia) of Barclays Bank and a Managing Director of Morgan Stanley (Australia).

Mr Lindley has led and completed more than 100 financing transactions for resource companies operating across jurisdictions including Africa, Asia and Australia. He led several transactions for the Langer Heinrich mine and Paladin Energy Ltd.

Mr Lindley was previously a Non-Executive Director and Chair of the Audit and Risk committee for Onsite Rentals Group Pty Ltd and Little Wings.

Commenting on the appointment, Chris Salisbury, Chairman of Deep Yellow, said: “ I am very pleased to welcome Tim to the Board and look forward to working alongside him as we continue to develop Deep Yellow into a globally diverse, Tier-one uranium company. Tim brings an excellent skill set and a wealth of experience that further strengthens the Board as we continue to grow the Company.”

An Appendix 3X for Mr Lindley is attached.

==> picture [156 x 55] intentionally omitted <==

Mark Pitts Company Secretary

This ASX announcement was authorised for release by Mark Pitts, Company Secretary, for and on behalf of the Board of Deep Yellow Limited.

Contact

Investors:

Media:

John Borshoff, Managing Director/CEO Cameron Gilenko +61 8 9286 6999 +61 466 984 953 john.borshoff@deepyellow.com.au cgilenko@citadelmagnuscom

Level 1, 502 Hay Street, Subiaco, WA 6008 Australia PO Box 1770, Subiaco, WA 6904 Australia +61 8 9286 6999 info@deepyellow.com.au

www.deepyellow.com.au ABN: 97 006 391 948 DYL: ASX & NSX (Namibia) DYLLF: OTCQX

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Deep Yellow Limited ABN 97 006 391 948

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Timothy Gordon Armstrong Lindley
Date of appointment	17 May 2023

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

==> picture [401 x 144] intentionally omitted <==

----- Start of picture text ----- Name of holder & nature of interest Number & class of SecuritiesNote: Provide details of the circumstances giving rise to Nilthe relevant interest.----- End of picture text -----

Part 3 – 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.

==> picture [406 x 155] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)No. and class of securities to whichinterest relates----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002