IRON BEAR RESOURCES LTD — Director's Dealing 2024

Dec 5, 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	Paul Berend
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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	(a) Mrs Anna Sloboda <RCB A/c> (an entity inwhich Paul Berend has a relevant interest)(b) Mr Paul Henry Berend & Mrs Anna Slobada<Corona Australis S/F A/C> (an entity in whichPaul Berend has a relevant interest)(c) Paul Henry Victor Berend as a Trustee forTangaroa Trust (an entity in which Paul Berendhas a relevant interest)
Date of change	5 December 2024

• 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 prior to change	No. of securities held prior to change	No. of securities held prior to change	Direct1,875,000 fully paid ordinary shares937,500 unlisted options ($0.032 each expiring30 November 2028)Indirect(a) 2,320,000 fully paid ordinary shares(b) 925,834 fully paid ordinary shares(c) 10,000,000 Unlisted Class A IncentiveOptions ($0.06 expiring 5 December 2024)5,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)	Direct1,875,000 fully paid ordinary shares937,500 unlisted options ($0.032 each expiring30 November 2028)Indirect(a) 2,320,000 fully paid ordinary shares(b) 925,834 fully paid ordinary shares(c) 10,000,000 Unlisted Class A IncentiveOptions ($0.06 expiring 5 December 2024)5,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)	Direct1,875,000 fully paid ordinary shares937,500 unlisted options ($0.032 each expiring30 November 2028)Indirect(a) 2,320,000 fully paid ordinary shares(b) 925,834 fully paid ordinary shares(c) 10,000,000 Unlisted Class A IncentiveOptions ($0.06 expiring 5 December 2024)5,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)	Direct1,875,000 fully paid ordinary shares937,500 unlisted options ($0.032 each expiring30 November 2028)Indirect(a) 2,320,000 fully paid ordinary shares(b) 925,834 fully paid ordinary shares(c) 10,000,000 Unlisted Class A IncentiveOptions ($0.06 expiring 5 December 2024)5,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)	Direct1,875,000 fully paid ordinary shares937,500 unlisted options ($0.032 each expiring30 November 2028)Indirect(a) 2,320,000 fully paid ordinary shares(b) 925,834 fully paid ordinary shares(c) 10,000,000 Unlisted Class A IncentiveOptions ($0.06 expiring 5 December 2024)5,000,000 Unlisted Class B Incentive Options($0.10 expiring 5 December 2025)5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)
Class			Unlisted Class A Incentive Options ($0.06expiring 5 December 2024)
Number acquired			Nil
Number disposed
	umber dis	posed	10,000,000
Ne	Value/Consiote: If consstimated valu
		derationideration is non-cash, provide details andation	N/a
No. of securities held after change	No. of secur	ities held after change	Direct
			1,875,000 fully paid ordin937,500 unlisted options30 November 2028)	ary share($0.032	seach ex	piring
			Indirect(a) 2,320,000 fully paid o(b) 925,834 fully paid ord(c) 5,000,000 UnlistedOi 010 ii	rdinary shinary sharClassDb	aresesB Ince2025	ntive
			ptons ($. exprng ecemer )5,000,000 Unlisted Class C Incentive Options($0.20 expiring 5 December 2026)
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back			Expiry of options

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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: 6 December 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3