IRON BEAR RESOURCES LTD — Director's Dealing 2023

Nov 16, 2023

ASX Announcement

17 November 2023

Appendix 3Y – Late Lodgement

Please find attached an Appendix 3Y “Change of Director’s Interest Notice” for Mr Paul Berend relating to shares in Cyclone Metals Limited (ASX: CLE ) ( Cyclone or the Company ) acquired by Mr Paul Berend on 23 May 2023, 31 May 2023 and 6 June 2023.

In relation to the late lodgement of the attached Appendix 3Y, we advise as follows:

1. The Appendix 3Y is being lodged late due to an administrative oversight. Once the oversight was identified, the documents were prepared and lodged with the ASX.

2. The Company considers that it has the necessary reporting and notification procedures in place to ensure compliance with the disclosure obligations under Listing Rule 3.19A. In addition, the Company has adopted and complies with its Corporate Governance Policy. The Directors are aware of their obligations under the ASX Listing Rules that require the Company to notify the ASX within 5 business days after the dealing in securities of the Company (either personally or through an associate) which results in a change in the notifiable interest of a Director in the securities of a Company.

3. The Company considers that the late lodgement is an isolated incident and believes that its current practices are adequate to ensure compliance with the ASX Listing Rules.

Announcement authorised for release by Paul Berend, CEO and Executive Director.

ENDS

For further information please contact:

Investor Relations Follow us +61 (0) 8 9380 9555 @cyclonemetals ir@cyclonemetals.com cyclone-metals

32 Harrogate Street, West Leederville, WA 6007 ASX: CLE | cyclonemetals.com

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

Name of entity CYCLONE METALS LIMITED

ABN 71 095 047 920

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	Paul Berend
Date of last notice	4 May 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 circumstances giving rise to the relevant interest.	(a) Mrs Anna Sloboda (an entity in which Paul Berend has a relevant interest) (b) Mr Paul Henry Berend & Mrs Anna Slobada (an entity in which Paul Berend has a relevant interest)
Date of change	23 May 2023, 31 May 2023 and 6 June 2023
No. of securities held prior to change	(a) 46,400,000 fully paid ordinary shares (b) 10,116,665 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	2,400,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Average price of $0.0017 per share

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	(a) 46,400,000 fully paid ordinary shares (b) 12,516,665 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market purchase

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above 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?

Date: 17 November 2023

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011