IRON BEAR RESOURCES LTD — Director's Dealing 2026

Feb 25, 2026

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 IRON BEAR RESOURCES 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	5 February 2026

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	(a) LJM Capital Corporation Pty Ltd in whichLuke Martino has a relevant interest(b) LJM Enterprises (WA) Pty Ltd <LJMSuperfund A/C> in which Luke Martino has arelevant interest
Date of change	26 February 2026
No. of securities held prior to change	(a) 3,278,363 fully paid ordinary shares(a) 4,585,000 listed options ($0.032 eachexpiring 30 November 2028)(b) 1,005,000 fully paid ordinary shares
Class	Performance rights
Number acquired	3,000,000
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	The Performance Rights are being issued inconsideration of Mr Martino’s services asa Director.

• 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	No. of securities held after change	No. of securities held after change			(a) 3,278,363 fully paid ordinary shares
					(a) 4,585,000 listed options ($0.032 each
					expiring 30 November 2028)
					(a) 3,000,000 performance rights (subject to
					vesting conditions)
					(b) 1,005,000 fully paid ordinary shares
Nature	of change				Issue of performance rights as approved by
Example: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back					shareholders at the general meeting heldon 27 January 2026.

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.

						res32 each	res32 each	res32 each
No. of securities held after change			(a) 3(a)	,278,363 fully p4,585,000 liste	aid ordinary shad options ($0.0	res32 each
			expi(a)	ring 30 Novemb3,000,000 perfor	er 2028)mance rights (s	ubject to
			vest(b) 1	ing conditions),005,000 fully p	aid ordinary sha	res
Nature of changeExample: on-market trade, off-market trade, exer	cise of options,		Issush	e of performancareholders at t	e rights as apphe general mee	roved byting held
issueofsecuritiesunderdividendreinveparticipation in buy-back	stmentplan,		on	27 January 20	26.
Part 2 – Change of director’s inte	rests in contrac			ts
Note: In the case of a company, interests which cobe disclosed in this art	me within paragraph (ii)			of the definition of “not	ifiable interest of a dire	ctor” should
p.Detail of contract
		N/A
Nature of interest		N/A
Name of registered holder
		N/A
		N/A
		N/A
		N/A
		N/A
		N/A
		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: 26 February 2026

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011