IRON BEAR RESOURCES LTD — Director's Dealing 2024

Apr 10, 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	Antony Sage
Date of last notice	21 March 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)Note: Provide details of the circumstances givingrise to the relevant interest.	Indirect (1):Shares owned by PG Partnership, of which Okewood PtyLtd, a company in which Mr Sage is a director, is amember.Indirect (2):Securities owned by Okewood Pty Ltd, a company inwhich Mr Sage is a director.Indirect (3):Securities owned by Mr Antony William Paul Sage + MrsLucy Fernandes Sage <EGAS Superannuation FundA/C>, of which Mr Sage is a beneficiary
	Date of change	11 April	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	Indir250,	Indir250,	ect (1):000 Fully Paid Ordinary Shares	0305.01
		Indir730,		ect (2):042,498 Fully Paid Ordinary Shares
		100,expir50,0expir50,0expir		00,000 Unlisted Class A Incentive Options ($0.0ing 5 December 2024)00,000 Unlisted Class B Incentive Options ($0.0ing 5 December 2025)00,000 Unlisted Class C Incentive Options ($0ing 5 December 2026)
Class		Fully		paid ordinary shares
Nb id		300		0000
umer acqure		,		,
Number disposed		Nil
Value/Consideration		$00		1 er share
Note: If consideration is non-cash, provide detailsand estimated valuation
No. of securities held after change		Indirect (1):250,000 Fully Paid Ordinary Shares
		I	ndirect (2):730,042,498 Fully Paid Ordinary Shares
			00,000,000 Unlisted Class A Incentive Options ($0.003expiring 5 December 2024)50,000,000 Unlisted Class B Incentive Options ($0.005expiring 5 December 2025)
			50,000,000 Unlisted Class C Incentive Options ($0.01expiring 5 December 2026)
		I	ndirect (3):30,000,000 Fully Paid Ordinary Shares
	Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-		Securities purchased on market
	back
	Part 2 – Change of director’s interest		s in contracts
	Note: In the case of a company, interests which come wibe disclosed in this part.		thin paragraph (ii) of the definition of “notifiable interest of a director” should
	Detail of contract		N/A
	Nature of interest		N/A

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

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: 11 April 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3