FREEHILL MINING LIMITED. — Director's Dealing 2021

Mar 16, 2021

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17 March 2021

Appendix 3Y Late Lodgement

At the most recent general meetings of shareholders of Freehill Mining Limited (ASX:FHS) ( Company ) held on 28 July 2020 and 28 January 2021, the Company’s shareholders approved the issue of 6,000,000 and 3,000,000 performance rights (together, the Performance Rights ), respectively, to Mr Paul Davies, an executive director of the Company.

The accompanying Appendix 3Y covers the issue of the Performance Rights to Mr Davies and is lodged outside the time prescribed by the ASX Listing Rules. The late lodgement is due to an administrative oversight on the part of the Company. The Performance Rights were issued to Mr Davies on 20 August 2020 (6,000,000) and 4 February 2021 (3,000,000) following receipt of shareholder approval in each instance, and an Appendix 3G was released notifying the market of their issue on each of those dates.

The Company is aware of the requirements imposed by Listing Rules 3.19A and 3.19B and the late lodgement has not affected the Company’s current arrangements for ensuring timely notification in accordance with the Listing Rules, which comprises its Continuous Disclosure Policy and the function of its Audit and Risk Committee. In addition, since the time of the issue of the Performance Rights the Company has appointed a new Company Secretary to assist in managing the Company’s ongoing disclosure obligations and Listing Rule compliance.

For further information, please contact:

Paul Davies Chief Executive Officer Freehill Mining Limited +61 419 363 630

Media & investor relations inquiries: Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448

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Follow @FreehillMining on Twitter Follow Freehill Mining on LinkedIn

Freehill Mining Ltd – iron ore producers |ACN 091 608 025 |www.freehillmining.com

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|Tel: +61 (0)3 8658 5976 |email: info@freehillmining.com Melbourne Office |Level 24, 570 Bourke Street, Melbourne, Vic 3003 La Serena, Chile office |Level 7, Edificio Seville, Avenida Del Mar La Serena, Chile South America

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 FREEHILL MINING LIMITED

ABN 27 091 608 025

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	Paul Davies
Date of last notice	30 June 2020

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.	N/A
Date of change	a) 20 August 2020 b) 4February2021
No. of securities held prior to change	Direct: • 4,706,787 Ordinary Shares • 10,000,000 options (unquoted options with exercise price of $0.025 per option, expiring 12 November 2021)
Class	a) Performance rights b) Performance rights
Number acquired	a) 6,000,000 b) 3,000,000
Number disposed	Nil

• 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	Nil – the issue price for each performance right is nil and no amount will be payable on the conversion of aperformance right.
No. of securities held after change	Direct: • 4,706,787 fully paid ordinary shares • 10,000,000 options (unquoted options with exercise price of $0.025 per option, expiring 12 November 2021) • 6,000,000 performance rights (issued on the terms and conditions set out in Annexure A to the Company’s Notice of Meeting dated 29 June 2020) • 3,000,000 performance rights (issued on the terms and conditions set out in Annexure C to the Company’s Notice of Annual General Meeting dated 23 December 2020)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue of performance rights as a performance incentive to Mr Davies in his capacity as CFO and executive director, as approved byshareholders.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

art 3– +Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
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