EMMERSON RESOURCES LIMITED — Director's Dealing 2022

Apr 25, 2022

ASX Announcement 26 April 2022

Change in Directors Interest Notice

Emmerson Resources Limited (ASX: ERM) ( Emmerson or the Company) confirms that its founding Chairman, Andrew McIlwain, sold 2.5 million shares on 14 April 2022 into the oversubscription demand of the recent Placement announced to the market on that day. The sale was undertaken at a price of $0.115 per share, equal to the placement price, and was considered the most transparent means of a minor selldown of his holdings, where putting shares into institutional hands was considered less disruptive to the normal trading of Emmerson’s shares.

This is the Chairman’s first sale of shares since the Company’s IPO over 15 years ago and Mr McIlwain has confirmed to the Company that he does not intend to sell any further shares.

A Change of Director’s Interest Notice (Appendix 3Y) is attached for Mr McIlwain.

For further information, please contact:

Rob Bills

Media enquiries

Managing Director and CEO Michael Vaughan, Fivemark Partners E: rbills@emmersonresources.com.au E: michael.vaughan@fivemark.com.au T: +61 8 9381 7838 T: +61 422 602 720

This release has been authorised by the Board of Emmerson Resources Limited.

Emmerson Resources Limited ABN 53 117 086 745 t: +61 8 9381 7838 | e: corporate@emmersonresources.com.au | w: www.emmersonresources.com.au 3 Kimberley St, West Leederville 6007 WA

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 Emmerson Resources Limited ABN 53 117 086 745

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	Andrew McIlwain
Date of last notice	25 August 2020

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.	Indirect interest held by Macfac Pty Ltd as trustee for McIlwain Family Super Fund of which Mr McIlwain is a beneficiary
Date of change	14 April 2022
No. of securities held prior to change	4,519,927 ordinary shares 2,000,000 unquoted options exercisable at $0.14 expiring 31 December 2023 (ASX:ERMAD)
Class	ordinary shares
Number acquired	Nil
Number disposed	2,500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$287,500

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	2,019,927 ordinary shares 2,000,000 unquoted options exercisable at $0.14 expiring 31 December 2023 (ASX:ERMAD)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Special Crossing

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2