EASTERN RESOURCES LIMITED — Director's Dealing 2021

Jun 9, 2021

10 June 2021

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Australian Securities Exchange Limited

Level 40, Central Park, 152-158 St Georges Terrace, Perth WA 6000

Attention Mr Raj Logarajah

LATE LODGEMENT OF APPENDIX 3Y

Dear Mr Logarajah,

Please find attached an Appendix 3Y Change of Director’s Interest Notice for Mr Myles Fang. For the purposes of Listing Rule 18.7, Eastern Iron Limited (“Eastern Iron” or the “Company”) provides the following information:

1. The Appendix 3Y was lodged late due to an administrative oversight by the Company. As soon as the oversight was identified, the attached Appendix 3Y was lodged with the ASX.

2. The Company has the following arrangements in place under listing rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A:

3. a. all Directors and the Company Secretary are aware of the Company’s Share Trading Policy which includes directors’ obligations under listing rules 3.19A and 3.19B; and

4. b. in accordance with listing rule 3.19B Eastern Iron has agreements in place with each Director whereby Directors agree amongst other things, to advise Eastern Iron of any changes to their personal interests including shares in the Company.

5. Eastern Iron confirms that following this incident, the Company has reviewed its processes and believes that its disclosure arrangements are adequate and are being enforced and that this was an isolated incident which does not involve any substantive breach of the ASX Listing Rules.

6. This response has been authorised in accordance with the Company’s Continuous Disclosure Policy.

Yours faithfully

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……………………………….. Ian K White Company Secretary

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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	Eastern Iron Limited
ABN	70 126 678 037

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	Myles Rui Fang
Date of last notice	13 May 2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	20 May 2021
No. of securities held prior to change	Direct – 70,000 Fully Paid Ordinary shares. Direct - 7,000,000 Unlisted Options exercisable at $0.0142 on or before 12 May 2023.
Class	Fully Paid Ordinary shares. Attached listed options exercisable at $0.012 on or before 31 January2023.
Number acquired	Direct – 17,500 Fully Paid Ordinary shares. Direct – 8,750 Attached listed options exercisable at $0.012 on or before 31 January 2023.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$140

• 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	Direct – 87,500 Fully Paid Ordinary shares. Direct - 7,000,000 Unlisted Options exercisable at $0.0142 on or before 12 May 2023. Direct – 8,750 Listed options exercisable at $0.012 on or before 31 January 2023.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Acquired pursuant to Entitlements Issue undertaken by the Company.

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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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
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Part 3 –[+] Closed period

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Were the interests in the securities or contracts detailed
above traded during a [+] closed period where prior written NO
clearance was required?
If so, was prior written clearance provided to allow the
trade to proceed during this period? NA
If prior written clearance was provided, on what date was
this provided?
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011