FORTUNA METALS LTD — Director's Dealing 2016

Nov 24, 2016

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	FRONTIER RESOURCES LIMITED
ABN	96 095 684 389

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	Paige McNeil
Date of last notice	4 January 2016

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. Exploration & Management Consultants Pty Ltd 2. Exploration & Management Consultants Pty Ltd Fund A/C> 3. Exploration & Management Consultants Pty Ltd 4. Mr Peter McNeil(spouse)
Date of change	24 November 2016
No. of securities held prior to change	Direct 457,138 FPO Indirect 1. 3,619,250 FPO 2. 668,068 FPO 3. 1,359,350 FPO & 500,000 options ex $0.22 expiry 2/12/2017 4. 403,302 FPO
Class	FPO
Number acquired	1,697,128
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Conversion of a total of $65,000 of outstanding accrued consulting fees as at 30 June 2016 as approved by shareholders on 23 November 2016 into shares at a price equal to the 5-day VWAP prior to the date of issue fees.

• 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	Direct 457,138 FPO Indirect 1. 3,619,250 FPO 2. 668,068 FPO 3. 3,056,478 FPO & 500,000 options ex $0.22 expiry 2/12/2017 4. 403,302 FPO
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	Conversion of debt to equity following shareholder approval on 23 November 2016.

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

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	FRONTIER RESOURCES LIMITED
ABN	96 095 684 389

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 Andrew McNeil
Date of last notice	4 January 2016

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	5. Exploration & Management Consultants Pty Ltd 6. Exploration & Management Consultants Pty Ltd A/C> 7. Exploration & Management Consultants Pty Ltd 8. MrsPaigeMcNeil
Date of change	24 November 2016
No. of securities held prior to change	Direct 403,302 FPO Indirect 5. 3,619,250 FPO 6. 668,068 FPO 7. 1,359,350 FPO & 500,000 options ex $0.22 expiry 2/12/2017 8. 457,138 FPO
Class	FPO
Number acquired	1,697,128
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Conversion of a total of $65,000 of outstanding accrued consulting fees as at 30 June 2016 as approved by shareholders on 23 November 2016 into shares at a price equal to the 5-day VWAP prior to the date of issue fees.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct 403,302 FPO Indirect 5. 3,619,250 FPO 6. 668,068 FPO 7. 3,056,478 FPO & 500,000 options ex $0.22 expiry 2/12/2017 8. 457,138 FPO
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	Conversion of debt to equity following shareholder approval on 23 November 2016.

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

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 4

01/01/2011