KINGSTON RESOURCES LIMITED — Director's Dealing 2022

Dec 5, 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 Kingston Resources Limited
ABN		44 009 148 529

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	Andrew Corbett
Date of last notice	5 August 2022

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.	Milamar Group Pty Ltd Mr Corbett is a Director of Milamar Group Pty Ltd.
Date of change	6 December 2022
No. of securities held prior to change	Milamar Group Pty Ltd  4,564,618 Fully Paid Ordinary Shares  3,421,563 Unlisted LTI Options, exercisable at $0.01 and expiring 31 July 2023  1,086,301 Unlisted LTI Options, subject to performance and vesting conditions, exercisable at $0.01 and expiring 31 July 2023  815,952 Unlisted LTI Options, subject to performance and vesting conditions, nil exercise price and expiring 31 August 2027

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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Class a. Short-Term Incentive Performance
Rights
b. Long-Term Incentive Options
Number acquired c. 2,099,018
d. 1,679,215
Number disposed Nil
Value/Consideration Short-Term Incentive Performance Rights
Note: If consideration is non-cash, provide details and estimated valuation and Long-Term Incentive Options issued for
nil cash condition
No. of securities held after change Milamar Group Pty Ltd
 4,564,618 Fully Paid Ordinary
Shares
 3,421,563 Unlisted LTI Options,
exercisable at $0.01 and expiring 31
July 2023
 1,086,301 Unlisted LTI Options,
subject to performance and vesting
conditions, exercisable at $0.01 and
expiring 31 July 2023
 815,952 Unlisted LTI Options,
subject to performance and vesting
conditions, nil exercise price and
expiring 31 August 2027
 2,099,018 Short-Term Incentive
Performance Rights, subject to
performance and vesting conditions,
nil exercise price and expiring 31
August 2023
 1,679,215 Long-Term Incentive
Options, subject to performance and
vesting conditions, nil exercise price
and expiring 31 August 2028
Nature of change Allotment of Short-Term Incentive
Example: on-market trade, off-market trade, exercise of options, Performance Rights and Long-Term
issue of securities under dividend reinvestment plan, participation in
buy-back Incentive Options following receipt of
Shareholder approval on 24 November 2022.
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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.

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Detail of contract Director Performance Securities – Mineral Hill Project
Goal Incentives
Nature of interest Right to grant of Performance Securities that will vest
into three-year term, unlisted Zero Exercise Price
Options (Options) to subscribe for fully paid ordinary
shares in the Company, subject to performance and
vesting conditions. The number of Options vesting will
be equal to 300,000 divided by the 20-day KSN VWAP
immediately prior to the conditions being met. The
conversion floor price will be $0.05.
The Performance Securities will lapse on 31 July 2025 if
the vesting conditions are not met.
The allotment of Performance Securities is subject to
shareholder approval which will be sought at an
appropriate juncture.
Name of registered holder Milamar Group Pty Ltd
(if issued securities)
Date of change N/A
No. and class of securities to which N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired N/A
Interest disposed N/A
Value/Consideration N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change N/A
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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?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3