GALILEO MINING LTD — Director's Dealing 2022

Jul 19, 2022

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: Galileo Mining Ltd (ASX:GAL) ABN: 70 104 114 132

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	Mathew Joseph Whyte
Date of last notice	26 November 2021

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 relevant interest.	Mr Mathew Joseph Whyte + Mrs Sarah Louise Whyte ATF (Mathew Whyte is a trustee and beneficiary)
Date of change	1. 14 July 2022 2. 15& 18July2022
No. of securities held prior to change	200,000 Fully paid ordinary shares 600,000 Unquoted Performance Rights (Each Performance Right will convert to one fully paid ordinary share for nil cash consideration subject to the satisfaction of performance and service vesting conditions.)
Class	Fully paid ordinary shares (GAL) Unquoted Performance Rights (GALAD)
Number acquired	1. 600,000 Fully paid Ordinary Shares (GAL)
Number disposed	2. 450,000 Fully paid Ordinary Shares (GAL)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	1. Nil – Exercise of Performance Rights upon vesting. 2. Disposal by on‐market trade at average $1.22 per fully paid ordinary share
No. of securities held after change	350,000 Fully paid Ordinary Shares
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	1. Exercise of Performance Rights upon vesting following achievement of performance hurdles. The exercise of performance rights created an immediate personal income tax liability. 2. Disposal of fully paid ordinary shares by on‐market trade in order to fund personal income tax obligations created through exercise of the Performance Rights.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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?	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