IRON BEAR RESOURCES LTD — Director's Dealing 2024

Apr 14, 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	12 January 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.

	Part 1 -In the caNote: In t	Part 1 -In the caNote: In t	Change of dse of a trust, the case of a com	irector’s relhis includes ipany, interest	evant interesnterests in thes which come wi	ts in securititrust made avathin paragraph (i	ts in securititrust made avathin paragraph (i	esilable by the re) of the definitio	sponsible entitn of “notifiable in	y of the trustterest of a director	” should	” should
	be disclos		ed in this part.
	Direct o
		Direct o	r indirect int	erest			Indire	ct
		Nature	of indirect in	terest			(a) Mr	s Anna Sl	boda <RC	B A/c> (an e	tity in
		(includi	ng registere	d holder)			which	Paul Beren	d has a rel	evant interest	)
		Note: Prorelevant i	vide details ofnterest.	he circumstan	ces giving rise t	o the	(b) Mr<Coro	Paul Henrna Australi	y Berend &s S/F A/C>	Mrs Anna Sl(an entity in	obadawhich
							Paul B(c) P	erend hasul Henr	a relevant iictor Bere	nterest)d as a Trust	ee for
							Tanga	yroa Trust (	an entity in	which Paul B	erend
							has a	relevant int	erest)
		Date of	change				11 Ap	ril 2024
		No. of s	ecurities he	ld prior to c	hange		(a) 46(b) 13	,400,000 fu516665 fu	lly paid ordilly paid ordi	nary sharesnary shares
							(c) 2	,,00,000,000	Unlisted	Class A Inc	entive
							Options ($0.003 expiring 5 December 2024)100,000,000 Unlisted Class B Incentive Options($0.005 expiring 5 December 2025)100,000,000UnlistedClassCIncentiveOptions ($0.01 expiring 5 December 2026)
		Class					Fully paid ordinary shares
		Number acquired					5,000,000

• 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	$0.0015 per share
No. of securities held after change	(a) 46,400,000 fully paid ordinary shares(b) 18,516,665 fully paid ordinary shares(c) 200,000,000 Unlisted Class A IncentiveOptions ($0.003 expiring 5 December 2024)100,000,000 Unlisted Class B Incentive Options($0.005 expiring 5 December 2025)100,000,000UnlistedClassCIncentiveOptions ($0.01 expiring 5 December 2026)
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	On market purchase of shares

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 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: 15 April 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3