INDIANA RESOURCES LIMITED — Director's Dealing 2022

Dec 21, 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

Introduced 30/09/01 Amended 01/01/11
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	Bronwyn Barnes
Date of last notice	15 July 2022

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	1. Direct2. Indirect3. Indirect4. Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	2. Securities held by Laclos Pty Ltd (Laclos), an entitycontrolled by the Director;3. Securities held by S & B Barnes Family Trust(SBBFT), an entity controlled by the Director; and4. Securities held by Bronwyn Barnes Family Trust(BBFT), an entity controlled by the Director.
Date of change	22 December 2022
No. of securities held prior tochange	1. Directly held:a.nil2. Laclos:a.3,680,436b. 800,000c.800,0003. SBBFT:a.15,301,998b. nil4. BBFT:a.9,050,000b. 1,500,000c.2,000,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	1. Directly held:a.Fully paid ordinary shares2. Laclos:a.Fully paid ordinary sharesb. $0.09 unlisted options expiring 14 Jan 2023c.$0.12 unlisted options expiring 14 Jan 20233. SBBFT:a.Fully paid ordinary sharesb. $0.10 unlisted options expiring 22 Dec 20244. BBFT:a.Fully paid ordinary sharesb. $0.04 unlisted options expiring 5 Oct 2023c.$0.07 unlisted options expiring 5 Oct 2023
Number acquired	1. Directly held:a.1,000,0002. Laclos:a.200,000b. nilc.nil3. SBBFT:a.nilb. 3,000,0004. BBFT:a.nilb. nilc.nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Fully paid ordinary shares: $0.05 per shareOptions: nil
No. of securities held after change	1. Directly helda.1,000,0002. Laclos:a.3,880,436b. 800,000c.800,0003. SBBFT:a.16,984,351b. 3,000,0004. BBFT:a.9,050,000b. 1,500,000c.2,000,000
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back	Allotment of 1,200,000 shares taken up in theCompany’s June 2022 placement and 3,000,000 $0.10options expiring 22 Dec 2024, as approved byshareholders at the Company’s Annual General Meetingon30 November 2022.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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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		N/A
	Nature of interest		N/A
	Name of registere(if issued securitie	d holders)	N/A
	Date of change		N/A
	No. and class of seinterest related prNote: Details are only reqrelation to which the intere	curities to whichior to changeuired for a contract inst has changed	N/A
	Interest acquired		N/A
	Interest disposed		N/A
	Value/ConsideratiNote: If consideration is nand an estimated valuation	onon-cash, provide details	N/A
	Interest after chan	ge	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3