INVICTUS ENERGY LTD — Director's Dealing 2023

Nov 22, 2023

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: Invictus Energy Ltd ACN: 150 956 773

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	Gabriel Chiappini
Date of last notice	29 June 2023

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 circumstancesgiving rise to the relevant interest.	Gabriel & Rosa Chiappini <Gran Sasso FamilyAccount>Beneficial HolderRosa Chiappini (Wife)
Date of change	22 November 2023
No. of securities held prior to change	Gabriel & Rosa Chiappini8,890,507 Shares3,000,000 options exp 23/7/24, ex price$0.2355Class A Performance Rights – 3,500,000Class B Performance Rights – 3,500,000IVZOA Options: 104,166, 7 June 2023/$0.20Rosa Chiappini180,488 Shares
Class	IVZ Options
Number acquired	IVZACOptions: 600,000
Number disposed	-

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Issued as part of Long Term Incentive Plan
Note: If consideration is non-cash, provide	Refer 2023 AGM Notice for further details
details and estimated valuation
No. of securities held after change	Gabriel & Rosa Chiappini
	8,890,507 Shares
	3,000,000 options exp 23/7/24, ex price
	$0.2355
	Class A Performance Rights – 3,500,000
	Class B Performance Rights – 3,500,000
	IVZOA Options: 104,166, 7 June 2023/$0.20
	IVZACOptions: 600,000
	Rosa Chiappini
	180,488 Shares
Nature of change	Off market
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividendreinvestmentplan,participationin buy-back	Approved at 27 October 2023 AGM

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.

in thispart.
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimatedvaluation
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

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	No
traded during a+closed period where prior written clearance was
required?
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

11/3/2002 Appendix 3Y Page 3