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 Director	Luke Martino
Date of last notice	9 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 interest	Indirect	Indirect	Indirect	Indirect
	Nature of indirect interest(including registered holder)N Pid dil f h i ii i h	(a) LJM Capital Corporation Pty Ltd inwhich Luke Martino has a relevant interest(b) LJM Enterprises (WA) Pty Ltd <LJMSuperfund A/C> in which Luke Martino hasa relevant interest
	ote: rove etas o te crcumstances gvng rse to terelevant interest.		b) LJM EnterpriseSuperfund A/C> in	s (WA) Pty Ltd <LJMwhich Luke Martino has
			a relevant interest
	Date of change		13 December 2024
	No. of securities held prior to change		(a) 1,950,443 fully pa) 625000 unliste	aid ordinary sharesd otions ($0032 each
			,expiring 30 Novemb	p .er 2028)
			b) 855,000 fully pa	d ordinary shares
	Class	UnlistedOptions($0.032expiring30/11/2028)
	Number acquired	3,960,000
	Number disposed	Nil
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Performance options non cash, indicativevalue of $0.0128 per option

• 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) 1,950,443 fully paid ordinary shares
	(a) 4,585,000 unlisted options ($0.032 each
	expiring 30 November 2028)
	(b) 855,000 fully paid ordinary shares
Nature of change	Issue of unlisted options as resolved by
Example: on-market trade, off-market trade, exercise of options,	shareholders at the GM held 27 November
issue of securities under dividend reinvestment plan, participationin buy-back	2024.

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
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 estimated valuation
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: 13 December 2024

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011