EQ RESOURCES LIMITED — Director's Dealing 2022

Mar 23, 2022

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 EQ Resources Limited ABN 77 115 009 106

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	Oliver Kleinhempel
Date of last notice	27 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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Sonnenallee Investments Limited (director and shareholder) Mr Kleinhempel is a Director and beneficiary of the above entity which is the registered holder of the securities		Direct 3,450,000 Fully paid ordinary shares 10,000,000 unlisted options, vesting as follows: - Tranche 1: 50% at 12-month anniversary of Shareholder approval; and - Tranche 2: 50% at 24-month anniversary of Shareholder approval exercisable at $0.06 (6 cents) each Both tranches expiring 3 years from issue date (25 May 2024). Indirect 15,333,600 fully paid ordinary shares
Date of change		18 March 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct 2,500,000 Fully Paid Ordinary Shares 10,000,000 unlisted options, vesting as follows: - Tranche 1: 50% at 12-month anniversary of Shareholder approval; and -· Tranche 2: 50% at 24-month anniversary of Shareholder approval exercisable at $0.06 (6 cents) each Both tranches expiring 3 years from issue date (25 May 2024). Indirect 15,333,600 Fully paid ordinary shares
Class		Fully paid ordinary shares
Number acquired		950,000 Fully paid ordinary shares
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.051 (5.1 cents) per Share
No. of securities held after change		Direct 3,450,000 Fully paid ordinary shares 10,000,000 unlisted options, vesting as follows: - Tranche 1: 50% at 12-month anniversary of Shareholder’s approval; and - Tranche 2: 50% at 24-month anniversary of Shareholder approval exercisable at $0.06 (6 cents) each Both tranches expiring 3 years from issue date (25 May 2024). Indirect 15,333,600 Fully paid ordinary 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		On Market Acquisition.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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.

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Appendix 3Y Page 3