JAMESON RESOURCES LIMITED — Director's Dealing 2022

Jan 16, 2022

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 Jameson Resources Limited ABN 89 126 398 294

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 Michael John Gray Date of last notice 7 March 2021

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 the relevant interest.	1. Shares Cassoulet Pty Ltd (ATF Maree and Michael Gray Superannuation Fund) [Michael Gray is a member of the super fund and a director and shareholder of Cassoulet Pty Ltd] EWAM Energy Pty Ltd (ATF EWAM Energy Trust) [Michael Gray is a beneficiary of the trust and a director and shareholder of EWAM Energy Pty Ltd] 2. Options EWAM Energy Pty Ltd (ATF EWAM Energy Trust) [Michael Gray is a beneficiary of the trust and a director and shareholder of EWAM Energy Pty Ltd]
Date of change	17 January 2022
No. of securities held prior to change	1. Shares: Nil 2. Options: Nil
Class	1. Fully Paid Ordinary Shares 2. Options
Number acquired	1. Shares:1,000,000 2. Options: 1,400,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. Shares: AU$70,000 (AU$0.07 per share) 2. Options: Nil
No. of securities held after change	1. Shares • 500,000 shares held by Cassoulet Pty Ltd (ATF Maree and Michael Gray Superannuation Fund) [Michael Gray is a member of the super fund and a director and shareholder of Cassoulet Pty Ltd] • 500,000 shares held by EWAM Energy Pty Ltd (ATF EWAM Energy Trust) [Michael Gray is a beneficiary of the trust and a director and shareholder of EWAM Energy Pty Ltd] 2. Options 1,400,000 unlisted options with an exercise price of A$0.10 comprising: • Tranche 1 - 20% (280,000) of the Options will vest if the requisite EA approval for the Crown Mountain Project is secured from the regulatory authorities • Tranche 2 - 20% (280,000) of the Options will vest if the requisite mine permit approval for the Crown Mountain Project is secured from the regulatory authorities • Tranche 3 - 30% (420,000) of the Options are subject to FID for commencement of Mining Operations at Crown Mountain by 30 June 2024 with supporting predevelopment and operational plans • Tranche 4 - 30% (420,000) of the Options are subject to securing a binding offtake supply contract for at least 30% of the output of the Crown Mountain Project
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	1. Shares:Subscription for fully paid ordinary shares at a price of A$0.07 per share pursuant to shareholder approval at 2021 AGM. 2. Options:Grant of options under Employee Incentive Plan pursuant to shareholder approval at 2021 AGM

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and 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 detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Dated: 17 January 2022

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3