IRON BEAR RESOURCES LTD — Director's Dealing 2024

Dec 12, 2024

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 DirectorDate of last notice	Timothy Turner9 December 2024

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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Indirect(1) Halle Woody Pty Ltd < The Woody S/FA/C>, a company and fund controlledby Mr Turner.(2) Marnichar Nominees Pty Ltd ATF theHallemar Trust
Date of change	13 December 2024
No. of securities held prior to change	Indirect: (1)279,225 Fully Paid Ordinary SharesIndirect: (2)2,900,001 Fully Paid Ordinary Shares1,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)500,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)
Class	Unlisted Options ($0.032 expiring 30/11/2028)
Number acquired	6,600,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation			Prfrmn tin	nn h inditi
			eoace opos o cas, cavevalue of $0.0128 per option
No. of securities held after change			Indirect: (1)279,225 Fully Paid Ordinary SharesIndirect: (2)2,900,001 Fully Paid Ordinary Shares1,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)500,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)6,600,000 Unlisted Options ($0.032 expiring30/11/2028)
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back			Issue of unlisted options as resolved byshareholders at the GM held 27 November2024.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

13 December 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3