FENIX RESOURCES LTD — Director's Dealing 2022

Aug 31, 2022

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Fenix Resources Limited ABN 68 125 323 622

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Craig Douglas Mitchell
Date of appointment	1 September 2022

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002 Legal/77297906_2

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrise to the relevant interest.Exxten Pty Ltd <The C&TMitchell Family A/C>11. Mr Mitchell is a director andshareholder of Exxten Pty Ltd anda beneficiary of The C&T MitchellFamily Trust.	Number & class of Securities30,000,000 fully paid ordinary shares

Part 3 – 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	Share Sale Agreement between Mr CraigMitchell, Newhaul Pty Ltd and the Company
Nature of interest	Right to 60,000,000 fully paid ordinary shares,subject to milestones
Name of registered holder(if issued securities)	Newhaul Pty Ltd
No. and class of securities to whichinterest relates	60,000,000 fully paid ordinary shares to be issuedon the terms described in ASX announcement on21 June 2022 “Fenix acquires Mid-West haulagebusiness”

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002