INDIANA RESOURCES LIMITED — Director's Dealing 2021

Apr 26, 2021

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 30/9/2001.

Name of entity Indiana Resources Limited ABN 67 009 129 560

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	Lindsay David Hale Williams
Date of last notice	2 November 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 or indirect interest	Direct or indirect interest		Indirect (1) & (2)	Indirect (1) & (2)	Indirect (1) & (2)
	Nature of indirect interest(including registered holderNote: Provide details of the circumsta			)nces	Indirect (1)- held by LDHWan entity controlled by the Dire**Idit (2)**hld b Pt			Pty Ltd <LDH & JL Williams Familyctor;R Liitd tit f hi			A/C>,ch Mr
	giving rise to the relevant interest.				nrec– e y aronWilliams is a shareholder			esources me, an eny o w
	Date of change
No. of schangeClass
	No. of schange	ecurities held prio	r to		Nil
	Class				Indirect	(1)
					(i) Ordin	ary Fully Paid S	ares
					Indirect	(2)
					(i) Unlist	ed Options exerc	isable at $0.08 on or		before 22 April 2024

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	Indirect (1)(i) 875,000Indirect (2)(i) 1,075,582
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Nil – Part of Consideration Shares and Consideration Options distributionpursuant to the Share Sale Agreement between Indiana Resources Limitedand Patron Resources Limited dated 23 September 2020.(refer to ASX announcements dated 4 August 2020, 28 September 2020 & 23 March 2021)
No. of securities held afterchange	Indirect (1) – held by LDHW Pty Ltd <LDH & JL Williams FamilyA/C>(i)875,000 Ordinary Fully Paid Shares;Indirect (2) – held by Patron Resources Limited(i)1,075,582 Unlisted Options exercisable at $0.08 on or before 22April 2024
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back	Indirect (1)Issue and allotment of 875,000 Ordinary Fully Paid Shares as a result of in-specie distribution of Consideration Shares pursuant to the Share SaleAgreement between Indiana Resources Limited and Patron ResourcesLimited dated 23 September 2020.(refer to ASX announcements dated 4 August 2020 & 28 September 2020)Indirect (2)Issue and allotment of 1,075,582 Unlisted Options as a result ofConsideration Options pursuant to the Share Sale Agreement betweenIndiana Resources Limited and Patron Resources Limited dated 23September 2020 and under a disclosure document (Prospectus) issuedpursuant to section 713 of the Corporations Act 2001 on 23 March 2021.(refer to ASX announcements dated 4 August 2020, 28 September 2020 & 23 March 2021)

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above	N/A
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 3