EVOLUTION ENERGY MINERALS LIMITED — Director's Dealing 2022

Oct 5, 2022

ASX: EV1 | 6 October 2022

Company Announcements Platform ASX Limited

20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Appendix 3Y – Change of Director’s Interest Notices – Trevor Benson, Phil Hoskins, Michael Bourguignon and Henk Ludik

Please find attached Appendices 3Y with respect to a change in the holdings of Evolution Energy Minerals

Limited securities for the abovementioned directors. The issue of securities that are the subject of the Appendices 3Y, was approved by shareholders at the Extraordinary General Meeting held on 23 September 2022.

Yours faithfully

Stuart McKenzie

Company Secretary

Evolution Energy Minerals Limited

This announcement has been authorised for release by the Company Secretary.

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EVOLUTION ENERGY MINERALS LTD

Level 1, Emerald House, 1202 Hay Street, West Perth WA 6005 | T: +61 8 9200 4960 | ASX: EV1 |

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: EVOLUTION ENERGY MINERALS LIMITED ABN: 53 648 703 548

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	Trevor Benson
Date of last notice	16 November 2021 (Appendix 3X)

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	6 October 2022
No. of securities held prior to change	250,000 fully paid ordinary shares (Shares) 5,650,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to escrow to 16 November 2023
Class	Shares Unlisted options
Number acquired	62,500 Shares
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.32 per Share
No. of securities held after change	312,500 Shares 5,650,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to escrow to 16 November 2023

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Participation in Share placement, as approved by Example: on-market trade, off-market trade, exercise of options, shareholders on 23 September 2022 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
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

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 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: EVOLUTION ENERGY MINERALS LIMITED ABN: 53 648 703 548

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	Phil Hoskins
Date of last notice	16 November 2021 (Appendix 3X)

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.		Nicole Hoskins –associate of the director Phil Hoskins Pty Ltd A/C> – self managed superannuation fund
Date of change		6 October 2022
No. of securities held prior to change		Direct 57,645 fully paid ordinary shares (Shares) Indirect 500,000 Shares 2,400,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to subject to escrow to 16 November 2023
Class		Shares Unquoted Options

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		125,000 Shares 3,000,000unlisted options exercisable at $0.00 each (three-year expiry), vesting subject to satisfying performance criteria 504,587 unlisted short-term incentive options exercisable at $0.00 (three-year expiry), vesting subject tosatisfying performance criteria 504,587 unlisted long-term incentive options exercisable at $0.00 (five-year expiry), vesting subject tosatisfying performance criteria
Number disposed		N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.32 per Share Options: $1.02 million, based on a share price of $0.25 and assuming that all options vest
No. of securities held after change		Direct 57,645 Shares Indirect 625,000 Shares 2,400,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to subject to escrow to 16 November 2023 3,000,000 unlisted options exercisable at $0.00 each (three-year expiry), vesting subject to satisfying performance criteria 504,587 unlisted short-term incentive options exercisable at $0.00 (three-year expiry), vesting subject to satisfying performance criteria 504,587 unlisted long-term incentive options exercisable at $0.00 (five-year expiry), vesting subject to satisfying performance criteria
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Participation in Share placement, as approved by shareholders on 23 September 2022. Options granted in connection with appointment as managing director (3,000,000) and as short- term and long-term incentives (1,009,174), as approved by shareholders on 23 September 2022.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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.

01/01/2011 Appendix 3Y Page 3

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: EVOLUTION ENERGY MINERALS LIMITED ABN: 53 648 703 548

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	Michael Bourguignon
Date of last notice	16 November 2021 (Appendix 3X)

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.		Enterprise Project Consultants Pty Ltd – trustee for the director’s self-managed superannuation fund
Date of change		6 October 2022
No. of securities held prior to change		Direct 4,900,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to escrow to 16 November 2023 Indirect 250,000 fully paid ordinary shares (Shares)
Class		Shares Unlisted options
Number acquired		93,750 Shares 433,486 unlisted short-term incentive options exercisable at $0.00 (three-year expiry), vesting subject tosatisfying performance criteria 433,486 unlisted long-term incentive options exercisable at $0.00 (five-year expiry), vesting subject tosatisfying performance criteria
Number disposed		N/A

• 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		$0.32 per Share Options: $216,743, based on a share price of $0.25 and assuming all options vest.
No. of securities held after change		Direct 4,900,000 unlisted incentive options exercisable at $0.25 each (three-year expiry) from the date of issue and subject to escrow to 16 November 2023 Indirect 343,750 Shares 433,486 unlisted short-term incentive options exercisable at $0.00 (three-year expiry), vesting subject tomeeting performance criteria 433,486 unlisted long-term incentive options exercisable at $0.00 (five-year expiry), vesting subject tomeeting performance criteria
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Participation in Share placement, as approved by shareholders on 23 September 2022 Options granted as short-term and long-term incentives (866,972), as approved by shareholders on 23 September 2022

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
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

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011 Appendix 3Y Page 3

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: EVOLUTION ENERGY MINERALS LIMITED ABN: 53 648 703 548

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	Henk Ludik
Date of last notice	2 June 2022 (Appendix 3X)

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	6 October 2022
No. of securities held prior to change	Nil
Class	Shares Unlisted options
Number acquired	31,250 fully paid ordinary shares (Shares) 140,000 unlisted optionsexercisable at $0.45, vesting on completion of one year of continuous service; and 250,000 unlisted options, exercisable at $0.45, vesting on a decision to proceed with construction of the Chilalo Project having been made
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.32 per Share Unlisted options: $78,000

• 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	31,250 Shares 140,000 unlisted optionsexercisable at $0.45, vesting on completion of one year of continuous service; and 250,000 unlisted options, exercisable at $0.45, vesting on a decision to proceed with construction of the Chilalo Project having been made
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in Share placement, as approved by shareholders on 23 September 2022. Grant of options as part of remuneration package as a non-executive director, as approved by shareholders on 23 September 2022.

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
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

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 2

01/01/2011