FALCON METALS LTD — Director's Dealing 2023

Oct 25, 2023

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 FALCON METALS LTD ABN 87 651 893 097

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	Timothy Shaun Markwell
Date of last notice	29 November 2022

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 relevantinterest.	1. Gallery Vincent Pty Ltd(spouse is a director and shareholder)2. Oodouri Kouen Pty Ltd <MarkwellFamily A/C>(director and beneficiary)
Date of change	26 October 2023
No. of securities held prior to change	1. 132,272 Fully Paid Ordinary Shares2. 1,770,000 Unlisted Options exercisableat $0.75 expiring 15 December 20241,770,000 Unlisted Options exercisableat $0.75 expiring 15 December 2025250,000 Unlisted Options exercisableat $0.36 expiring 31 July 2025250,000 Unlisted Options exercisableat $0.36 expiring 31 July 2026
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	70,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$9,450
No. of securities held after change	1. 202,272 Fully Paid Ordinary Shares2. 1,770,000 Unlisted Options exercisableat $0.75 expiring 15 December 20241,770,000 Unlisted Options exercisableat $0.75 expiring 15 December 2025250,000 Unlisted Options exercisableat $0.36 expiring 31 July 2025250,000 Unlisted Options exercisableat $0.36 expiring 31 July 2026
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On-market trade

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	n/a
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	n/a

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	n/a
trade to proceed during this period?
If prior written clearance was provided, on what date was	n/a
this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3