DREADNOUGHT RESOURCES LTD — Director's Dealing 2019

Nov 11, 2019

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CHANGE OF DIRECTORS INTEREST NOTICES

Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) advises that the Appendix 3Y forms attached have been issued following the issue of Incentive Options to the Company’s Managing Director and Non-Executive Directors.

The Options to the Managing Director were approved by Directors in April 2019 (Tranche 1) and July 2019 (Tranche 2) and ratified by Shareholders in August. The Options to Mr. Tuck have been provided partly in recognition of his securing the Illaara Gold Project for the Company and as a service incentive.

Non-Executive Directors are not being paid for their services to the Company out to June 2020. In recognition of this commitment these Directors have been provided with Incentive Options that vest quarterly over the coming year based on continued service.

On behalf of the Board,

Nick Day

Company Secretary

Dreadnought Resources Limited Suite 5, 16 Nicholson Road, Subiaco WA 6008 Telephone: +61 (0) 428 824 343 Postal Address: PO Box 572 Floreat 6014

ASX Code : DRE info@dreadnoughtresources.com.au www.dreadnoughtresources.com.au

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	Dreadnought Resources Limited
ABN	40 119 031 864

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	Ian James Gordon
Date of last notice	6 August 2019

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mrs Belinda Gordon and Mr Ian Gordon as trustee for the Gordon Super Fund of which Mr Ian Gordon is a beneficiary
Date of change	21 October 2019
No. of securities held prior to change	i) 9,655,342 – Ian James Gordon ii) 27,333,337 – Gordon Super Fund
Class	Unlisted Options over Ordinary Shares
Number acquired	7,500,000 Options exercisable at $0.005 on or before 30 June 2024 Ian James Gordon
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	i) 9,655,342 Ordinary Fully Paid Shares – Ian James Gordon ii) 27,333,337 Ordinary Fully Paid Shares – Gordon Super Fund iii) 7,500,000 Options exercisable at $0.005 on or before 30 June 2024 Ian James Gordon

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Share Option Incentive Plan

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?	N/A
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.

Appendix 3Y Page 2

01/01/2011

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	Dreadnought Resources Limited
ABN	40 119 031 864

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	Paul Payne
Date of last notice	6 August 2019

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Payne Geological Services as trustee for the Payne Super Fund of which Mr Payne is a beneficiary
Date of change	21 October 2019
No. of securities held prior to change	i) Payne Super Fund 31,666,670 Ordinary Fully Paid Shares
Class	Unlisted Options over Ordinary Shares
Number acquired	7,500,000 Options exercisable at $0.005 on or before 30 June 2024 – Paul Payne
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	i) Payne Super Fund 31,666,670 Ordinary Fully Paid Shares ii) 7,500,000 Options exercisable at $0.005 on or before 30 June 2024 - Paul Payne

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Share Option Incentive Plan

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?	N/A
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.

Appendix 3Y Page 2

01/01/2011

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	Dreadnought Resources Limited
ABN	40 119 031 864

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	Paul Ian Chapman
Date of last notice	6 August 2019

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Stone Poneys Nominees Pty Ltd as trustee for the Chapman Super Fund of which Mr Paul Chapman is a beneficiary
Date of change	21 October 2019
No. of securities held prior to change	Stone Poneys Nominees Pty Ltd Fund A/c> i) 234,169,743 Ordinary Fully Paid Shares ii) 30,000,000 Options over Ordinary Fully Paid Shares exercisable at $0.01 per option on or before 3 April 2024
Class	Unlisted Options over Ordinary Shares
Number acquired	7,500,000 Options exercisable at $0.005 on or before 30 June 2024 – Paul Ian Chapman
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Stone Poneys Nominees Pty Ltd Fund A/c> i) 239,169,743 Ordinary Fully Paid Shares ii) 30,000,000 Options over Ordinary Fully Paid Shares exercisable at $0.01 per option on or before 3 April 2024 iii) 7,500,000 Options exercisable at $0.005 on or before 30 June 2024 – Paul Ian Chapman
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Share Option Incentive Plan

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	Dreadnought Resources Limited
ABN	40 119 031 864

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	Dean Tuck
Date of last notice	6 August 2019

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Dean Tuck + Mrs Diane Tuck
Date of change	21 October 2019
No. of securities held prior to change
Class	Unlisted Options over Ordinary Shares
Number acquired	i) 30,000,000 Options exercisable at $0.005 on or before 9 April 2021 – Tuck Family A/c ii) 10,500,000 Options exercisable at $0.005 on or before 30 June 2024 – Tuck Family A/c
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	nil
No. of securities held after change	i) 11,666,666 – Tuck Family A/c Ordinary Fully Paid Shares ii) 30,000,000 Options exercisable at $0.005 on or before 9 April 2021 – Tuck Family A/c

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

iii) 10,500,000 Options exercisable at $0.005 on or before 30 June 2024 Nature of change Share Option Incentive Plan Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
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.

Appendix 3Y Page 2

01/01/2011