GODOLPHIN RESOURCES LIMITED — Director's Dealing 2020

Jun 21, 2020

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 Godolphin Resources Limited

ABN 13 633 779 950

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	Ian Buchhorn
Date of last notice	18 December 2019

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 indirectinterest	Direct and Indirect	Direct and Indirect	Direct and Indirect	Direct and Indirect
Nature of indirectinterest(including registeredholder)Note: Provide details of thecircumstances giving rise to therelevant interest.	Name	Relationship
	Pamela Jean Buchhorn	Spouse
	Hazurn Pty Ltd <ATFBuchhorn Super Fund>	Director, shareholder andbeneficiary
	Kurana Pty <ATF BuchhornUnit Trust>	Director, shareholder andbeneficiary
	Manorina Mining Pty Ltd	Director and shareholder
Date of change	15 June 2020
No. of securities heldprior to change	Name		Shares	DirectorOptions
	Ian Buchhorn		131,164	250,000
	Pamela Buchhorn		1,136,314	-
	Hazurn Pty Ltd <ATF Buchhorn SuperFund>		2,437,024	-
	Kurana Pty		2,817,789	-
	Manorina Mining Pty Ltd		177,558	-
	Total		6,699,849	250,000
Class	Loyalty options strike price $0.20 each expiring 15 June 2022
Number acquired	2,316,622

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$Nil
No. of securities heldafter change	Name	Shares1	DirectorOptions2	LoyaltyOptions3
	Ian Buchhorn	131,164	250,000	127,056
	Pamela Buchhorn	1,136,314	-	378,772
	Hazurn Pty Ltd <ATFBuchhorn Super Fund>	2,437,024	-	812,343
	Kurana Pty <ATF BuchhornUnit Trust>	2,817,789	-	939,264
	Manorina Mining Pty Ltd	177,558	-	59,187
	Total	6,699,849	250,000	2,316,622
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	The Company Prospectus dated 29 October 2019 (IPO Prospectus)included an indicative offer of 1 free Loyalty Option or Anti-DilutionOption for every 3 Shares or Eligible Options held on the RecordDate. Refer Loyalty Options Prospectus released 1 June 2020.

1 Ordinary fully paid shares.

2 Incentive options strike price $0.25 each expiring 5 December 2022. ASX escrow ends 18 December 2021.

3 Loyalty options strike price $0.20 each expiring 15 June 2022.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	Nil
Nature of interest	Not Applicable
Name of registered holder(if issued securities)	Not Applicable
Date of change	Not Applicable
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not Applicable
Interest after change	Not Applicable

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade toproceed during thisperiod?	Not Applicable
If prior written clearance was provided, on whatdate was thisprovided?	Not Applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3