ENCOUNTER RESOURCES LIMITED — Director's Dealing 2019

Nov 28, 2019

Level 7, 600 Murray Street West Perth WA 6005

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PO Box 273 West Perth WA 6872

P 08 9486 9455 F 08 9486 8366 www.enrl.com.au

29 November 2019

Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Appendix 3Y – Expiry of Unlisted Options

The Company advises of the cancellation of 750,000 options exercisable at 31 cents each on 27 November 2019, at the end of the exercise period.

Please find attached a Change of Director Interest Notice for Mr Peter Bewick in respect of the cancellation.

Encounter Resources Limited

Kevin Hart Company Secretary

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 30/9/2001.

Name of entity Encounter Resources Limited ABN 47 109 815 796

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	Peter Bewick
Date of last notice	26 November 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Bewick is a Director of Solvista Pty Ltd and a beneficiary of the Bewick Family Trust and Bewick Superannuation Fund.
Date of change	27 November 2019
No. of securities held prior to change Solvista Pty Ltd	• 5,000,000 ordinary fully paid shares; • 375,000 unlisted options exercisable at 31 cents each on or before 27 November 2019; • 750,000 unlisted options exercisable at 13 cents each on or before 24 November 2020; • 750,000 unlisted options exercisable at 17.5 cents each on or before 24 November 2021; • 1,500,000 unlisted options exercisable at 9 cents each on or before 30 November 2022; • 1,500,000 unlisted options exercisable at 12 cents each on or before 30 November 2023; and 700,000 unlisted options exercisable at 20 cents each on or before 31 October 2023.
P & S Bewick	• 2,200,000 ordinary fully paid shares; and • 375,000 unlisted options exercisable at 31 cents each on or before 27 November 2019.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class	Unlisted options exercisable at 31 cents each on or before 27 November 2019.
Number acquired	Nil
Number disposed	750,000 (cancelled on expiry of exercise period)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/a
No. of securities held after change Solvista Pty Ltd P & S Bewick	• 5,000,000 ordinary fully paid shares; • 750,000 unlisted options exercisable at 13 cents each on or before 24 November 2020; • 750,000 unlisted options exercisable at 17.5 cents each on or before 24 November 2021; • 1,500,000 unlisted options exercisable at 9 cents each on or before 30 November 2022; • 1,500,000 unlisted options exercisable at 12 cents each on or before 30 November 2023; and • 700,000 unlisted options exercisable at 20 cents each on or before 31 October 2023. • 2,200,000 ordinary fully paid shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Options cancelled on expiry of the exercise period.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002