IRIS METALS LIMITED — Director's Dealing 2023

Jun 14, 2023

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 becomes ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	IRIS Metals Limited
ABN	61 646 787 135

We (the entity) give ASX the following information under listing rule 3.19.A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Bruce Smith
Date of appointment	15 June 2023

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

1. 155,000 - ORDINARY FULLY PAID SHARES 2(a) 200,000 - PERFORMANCE RIGHTS - CLASS A - VESTING 30/06/2024 - ESC 24M 2(b) 200,000 - PERFORMANCE RIGHTS - CLASS B - VESTING 14/06/2025 - ESC 24M 2(c) 200,000 - PERFORMANCE RIGHTS - CLASS C - VESTING 31/12/2024 - ESC 24M 2(d) 200,000 - PERFORMANCE RIGHTS - CLASS D - VESTING 30/06/2025 - ESC 24M 2(e) 200,000 - PERFORMANCE RIGHTS - CLASS E - VESTING 30/06/2026 - ESC 24M

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 ofinterestNote: Provide details of the circumstancesgiving rise to the relevant interest.Nil	Number & class of SecuritiesNil

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	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

11/03/2002

Appendix 3X Page 1

Appendix 3X Initial Director's Interest Notice

Name of registered holder (ifissued securities)	N/A
No. and class of securities towhich interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/03/2002