IRIS METALS LIMITED — Director's Dealing 2023

Sep 25, 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 becomes ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	IRIS Metals Limited
ABN	61 646 787 135

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	Simon Lill
Date of last notice	16 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	(1) Direct
Nature of indirect interest(including registered holder)	N/A
Date of change	(1.1) 23 SEPTEMBER 2023(1.2) 23 SEPTEMBER 2023
No. of securities held prior to change	(1.1) 500,000 - ORDINARY FULLY PAID SHARES(1.2) 3,750,000 - SHARES ESCROWED 24MFROM 23/9/2021(1.3) 300,000 - PERFORMANCE RIGHTS - CLASSA - VESTING 30/06/2024 - ESC 24M(1.4) 300,000 - PERFORMANCE RIGHTS - CLASSB - VESTING 14/06/2025 - ESC 24M(1.5) 300,000 - PERFORMANCE RIGHTS - CLASSC - VESTING 31/12/2024 - ESC 24M(1.6) 300,000 - PERFORMANCE RIGHTS - CLASSD - VESTING 30/06/2025 - ESC 24M(1.7) 300,000 - PERFORMANCE RIGHTS - CLASSE - VESTING 30/06/2026 - ESC 24M

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

			Appendix 3YChange of Director's Interest Notice	Appendix 3YChange of Director's Interest Notice	Appendix 3YChange of Director's Interest Notice
Class			(1.1) ORDINARY FULLY PAID SHARES
			(1.	2) SHARES ESCROWED	24M FROM 23/9/2021
			(1	) PERFORMANCE RIG	TS - CLASS A -
			.VE	STING 30/06/2024 - ESC	24M
			(1.VE	) PERFORMANCE RIGSTING 14/06/2025 - ESC	TS - CLASS B -24M
			(1.VE	) PERFORMANCE RIGSTING 31/12/2024 - ESC	TS - CLASS C -24M
			(1.VE	) PERFORMANCE RIGSTING 30/06/2025 - ESC	HTS - CLASS D -24M
			(1.7) PERFORMANCE RIGHTS - CLASS E -VESTING 30/06/2026 - ESC 24M
Number acquired			(1.1) 3,750,000 - ORDINARY FULLY PAIDSHARES(1.2) 0- SHARES ESCROWED 24M FROM23/9/2021
Number disposed			(1.1) 0 - ORDINARY FULLY PAID SHARES
			(1.FR	) (3,750,000) - SHARESOM 23/9/2021	ESCROWED 24M
Valu
	/Consideration		(1.	) N/A
			(1.	2) N/A
No. o	f securities held after change		(1.	1) 4,250,000 - ORDINAR	Y FULLY PAID
			SH	ARES
			(1.	2) 0 - SHARES ESCROW	ED 24M FROM
			23/	9/2021
			(1	) 300000 - PERFORMA	NCE RIGHTS - CLASS
			.A -	,VESTING 30/06/2024 -	ESC 24M
			1	300000 - PERFORMA	NCE RIGHTS - CLASS
			(.B -	) ,VESTING 14/06/2025 -	ESC 24M
			(1.C -	) 300,000 - PERFORMVESTING 31/12/2024 -	NCE RIGHTS - CLASSESC 24M
			(1.D -	) 300,000 - PERFORMAVESTING 30/06/2025 -	NCE RIGHTS - CLASSESC 24M
			(1.7) 300,000 - PERFORMANCE RIGHTS - CLASSE - VESTING 30/06/2026 - ESC 24M
Natu
	re of change		(1.ES	) RESTRICTED SHARECROW	S RELEASED FROM
			(1.ES	) RESTRICTED SHARECROW	S RELEASED FROM
	2 - Change of director's relevant	interest

Part 2 - Change of director's relevant 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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

	Appendix 3YChange of Director's Interest Notice
Date of change	N/A
No. and class of securitiesto which interest relatedprior to change	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Interest after change	N/A

Part 3 -[+] Closed period

Part 3 -+Closed period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	NO
If so, was prior written clearance provided toallow the trade to proceed during this period?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3