LAKES BLUE ENERGY NL — Director's Dealing 2021

Apr 15, 2021

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 Lakes Oil NL ABN 62 004 247 214

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	Nicholas Mather
Date of last notice	21 October 2020

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.	Samuel Capital Pty Ltd (Director)
Date of change	14 April 2021
No. of securities held prior to change	120,000,093 Fully Paid Ordinary Shares
Class	1. Fully Paid Ordinary Shares 2. Unlisted Convertible Notes maturing on 31 December 2021
Number acquired	1. 41,750,627 Fully Paid Ordinary Shares 2. 566,500,000 Unlisted Convertible Notes maturing on 31 December 2021
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$ 0.001 (0.1 cent) per share $ 0.0009 (0.09 cents) per Note

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	161,750,720 Fully Paid Ordinary Shares 566,500,000 Unlisted Convertible Notes maturing on 31 December 2021
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue of Shares and issue of unlisted convertible redeemable notes as outlined in Resolutions 5 and 9 respectively, of the Notice of Annual General Meeting held on 23 March 2021 and as approved by the Shareholders.

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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 Lakes Oil NL ABN 62 004 247 214

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	Richard Ash
Date of last notice	18 January 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		Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Sari Holdings Pty Ltd (Mr Ash is a beneficiary of this entity)
Date of change		14 April 2021
No. of securities held prior to change		Direct 26,820,000 Fully Paid Ordinary Shares Indirect 236,111,140 Fully Paid Ordinary Shares
Class		Fully Paid Ordinary Shares
Number acquired		Indirect 59,269,102
Number disposed		NIL

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.001 (0.1 cent) per share
No. of securities held after change	Direct 26,820,000 Fully Paid Ordinary Shares Indirect 295,380,242 Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue of Shares to Directors in lieu of fees for services provided to the Company as outlined in Resolution 7 of the Notice of Annual General Meeting held on 23 March 2021 and as approved by Shareholders.

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
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

Were the interests in the securities or contracts detailed N/A above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

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 Lakes Oil NL ABN 62 004 247 214

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	Roland Sleeman
Date of last notice	21 October 2020

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		Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Mrs Caroline Patricia Sleeman Mr Roland Kingsbury Sleeman <Sleeman Family Super A/C) (Member) Mr Roland Kingsbury Sleeman Trust> (Member) Mr Stuart Kingsbury Sleeman & Miss Michelle Claire Sleeman & Miss Rebecca Louise Sleeman (Member)
Date of change		14 April 2021
No. of securities held prior to change		Direct 82,812,402 Fully Paid Ordinary Shares 206,804,710 Unlisted Convertible Notes maturing on 31 December 2021 Indirect 70,029,800 Fully Paid Ordinary Shares
Class		1. Fully Paid Ordinary Shares 2. Unlisted Convertible Notes maturing on 31 December 2021

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number acquired		Direct 1. 13,302,750 Fully Paid Ordinary Shares Indirect 2. 615,490,767 Unlisted Convertible Notes maturing on 31 December 2021
Number disposed		NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$ 0.001 (0.1 cent) per share $ 0.0009 (0.09 cents) per Note
No. of securities held after change		Direct 96,115,152 Fully Paid Ordinary Shares 206,804,710 Unlisted Convertible Notes maturing on 31 December 2021 Indirect 70,029,800 Fully Paid Ordinary Shares 615,490,767 Unlisted Convertible Notes maturing on 31 December 2021
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		Issue of Shares and issue of unlisted convertible redeemable notes as outlined in Resolutions 6 and 8 respectively, of the Notice of Annual General Meeting held on 23 March 2021 and as approved by the Shareholders.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3