IRON BEAR RESOURCES LTD — Director's Dealing 2024

Dec 8, 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	David Sanders
Date of last notice	7 November 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	6 December 2024
No. of securities held prior to change	625,000 Fully paid ordinary shares312,500 Unlisted options ($0.032each expiring 30 November 2028)
Class	Fully paid ordinary shares
Number acquired	312,500
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.016 per share
No. of securities held after change	937,500 Fully paid ordinary shares312,500 Unlisted options ($0.032each expiring 30 November 2028)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Participation in rights issue Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

ar – angeNote: In the case of a combe disclosed in this part.	ar – angeNote: In the case of a combe disclosed in this part.	o recors nerepany, interests which come	ss n conracswithin paragraph (ii) of the	ss n conracswithin paragraph (ii) of the	definition of “notifiable inter	est of a director” should	est of a director” should
	Detail of contrac	t		N/A
	Nature of interes	t		N/A
	Name of reister	d holder		N/A
	g(if issued securit	ies)
	Date of change			N/A
	No. and class of	securities to whic	h	N/A
	interest related pNote: Details are only	rior to changerequired for a contract i
	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

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

Date: 9 December 2024

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011