DREADNOUGHT RESOURCES LTD — Director's Dealing 2023

Apr 3, 2023

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4 April 2023

CHANGE OF DIRECTORS INTERESTS

Dreadnought Resources Limited (“ Dreadnought ” or “ the Company ”) is pleased to advise that Directors have today increased their combined investment in Dreadnought from $3.1m to $4.5m. In particular, Philip Crutchfield acquired 13m shares via the investment of $1.3m to become Dreadnought’s second largest shareholder with ~80.8m shares and Paul Chapman invested $100,000 to increase his holding from ~316.3m to ~317.3m. These investments were made at the same price as the Company’s placement in February 2023 (ASX: 1 February 2023) being $0.10 per share, 56% greater than the current share price of $0.064 (as at 31 March 2023).

With the range and scale of minerals we have already seen, the 100% owned Mangaroon REE Project is emerging as a world class critical metals province. Further evidence of this was seen with the identification of ~3kms of mineralised ironstones within the Exploration Target along strike from the 3km long Yin Resource (ASX: 29 March 2023).

The Company also has exciting opportunities in gold, nickel and copper across the portfolio that will be tested in the near term.

~Ends~

For further information please contact:

Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E:dtuck@dreadnoughtresources.com.au E:jlyons@dreadnoughtresources.com.au

This announcement is authorised for release to the ASX by the Board of Dreadnought.

Dreadnought Resources Limited Unit 1, 4 Burgay Court, Osborne Park WA 6017 PO Box 712, Osborne Park DC WA 6916

www.dreadnoughtresources.com.au info@dreadnoughtresources.com.au +61 08 9473 8345

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	16 January 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	Direct & Indirect
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. Mitzee Nominees Pty Ltd as trustee for Tracey’s Super Fund of which Mr Paul Chapman is a related entity.
Date of change	4 April 2023
No. of securities held prior to change	Stone Poneys Nominees Pty Ltd i) 301,471,330 Ordinary Fully Paid Shares Mitzee Nominees Pty Ltd ii) 1,587,302 Ordinary Fully Paid Shares Paul Ian Chapman iii) 13,279,452 Ordinary Fully Paid Shares 300,000 Performance Rights – Class B 300,000 Performance Rights – Class C
Class	Ordinary Fully Paid Shares
Number acquired	1,000,000
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$100,000.00
No. of securities held after change	Stone Poneys Nominees Pty Ltd i) 302,471,330 Ordinary Fully Paid Shares Mitzee Nominees Pty Ltd ii) 1,587,302 Ordinary Fully Paid Shares Paul Ian Chapman iii) 13,279,452 Ordinary Fully Paid Shares 300,000 Performance Rights – Class B 300,000 Performance Rights – Class C
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Ordinary Fully Paid Shares following shareholder approval of participation in recent placement.

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+closedperiod whereprior 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

Date: 4 April 2023

• 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	Philip Crutchfield
Date of last notice	16 January 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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	i) Mr Philip Crutchfield ii) PD Crutchfield Pty Ltd iii) Mr Philip Crutchfield
Date of change	4 April 2023
No. of securities held prior to change	i) 65,489,761 Ordinary Fully Paid Shares*4,655,236 shares held under Custodian by Superhero Securities Limited ii) 2,156,796 Ordinary Fully Paid Shares 853,098 Unlisted Options exercisable at $0.1575 on or before 16 December 2025 300,000 Performance Rights – Class B 300,000 Performance Rights – Class C iii) 110,000 Ordinary Fully Paid Shares
Class	Ordinary Fully Paid Shares
Number acquired	13,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,300,000.00

• 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 i) 65,489,761 Ordinary Fully Paid Shares 4,655,236 shares held under Custodian by Superhero Securities Limited ii) 15,156,796 Ordinary Fully Paid Shares 853,098 Unlisted Options exercisable at $0.1575 on or before 16 December 2025 300,000 Performance Rights – Class B 300,000 Performance Rights – Class C iii) 110,000 Ordinary Fully Paid Shares Nature of change Issue of Ordinary Fully Paid Shares following shareholder approval Example: on-market trade, off-market trade, exercise of of participation in recent placement options, issue of securities under dividend reinvestment plan, participation in buy-back

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?	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

Date: 4 April 2023

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011