HIGHFIELD RESOURCES LIMITED — Director's Dealing 2021

Jul 27, 2021

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: Highfield Resources Limited

ABN: 51 153 918 257

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	Ignacio Salazar
Date of appointment	28 July 2021

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

Commencement Options

• 333,333 vested unlisted options exercisable at $0.47 each on or before 31 December 2023

• 333,333 unlisted options vesting on 31 December 2021 (subject to being an employee at that time) exercisable at $0.47 each on or before 31 December 2024

• 333,334 unlisted options vesting on 31 December 2022 (subject to being an employee at that time) exercisable at $0.47 each on or before 31 December 2025

• See chapter 19 for defined terms.

11/3/2002

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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 Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.

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

Participation in the Company’s Long TermIncentive plan known as the (“LTI”).

Nature of interest

Prior to his appointment as Managing DirectorMr Salazar held 1,561,735 unvested optionsissued under the Long-Term Incentive Plan asfollows.•Up to 591,802 unlisted unvested optionsexercisable at $0.865 each to be assessedagainst the vesting performance hurdleas scheduled on 31 December 2021. Anyoptions which vest and are not exercisedby 31 December 2024 will be cancelled.•Up to 509,961 unlisted unvested optionsexercisable at $0.865 each to be assessedagainst the vesting performance hurdleas scheduled on 31 December 2022. Anyoptions which vest and are not exercisedby 31 December 2025 will be cancelled.•Up to 459,971 unlisted unvested optionsexercisable at $0.865 each to be assessedagainst the vesting performance hurdleas scheduled on 31 December 2023. Anyoptions which vest and are not exercisedby31 December 2026 will be cancelled.

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Name of registered holder(if issued securities)	Not applicable as securities have not been issued
No. and class of securities to whichinterest relates	1,561,735 unvested unlisted options

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3