LCL RESOURCES LIMITED — Director's Dealing 2020

Jun 25, 2020

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	LOS CERROS LIMITED
ABN	43 119 759 349

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.

director for the purposes of section 205G	of the Corporations Act.
Name of Director	Jason Stirbinskis
Date of last notice	6 April 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 relevantinterest.	IndirectMr Jason Stirbinskis and Mrs Miki Stirbinskis <J &M S/F A/C>
Date of change	24 June 2020
No. of securities held prior to change	Direct6,000,000 Unquoted Options, exercise price of13.5 cents expiring 30 September 20241,875,000 Class A Unquoted Options, exerciseprice of 32 cents expiring 1 July 20231Indirect616,667 Ordinary Shares (post consolidation)1,908,334 Quoted Options, exercise price of 16cents expiring 16 August 2021225,000 Unquoted Options, exercise price of 10cents expiring 6 April 2022
Class	Unquoted Options, exercise price of 2 centsexpiring 18 May 2022

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	225,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Direct6,000,000 options, exercise price of 13.5 centsexpiring 30 September 20241,875,000 Class A Unquoted Options, exerciseprice of 32 cents expiring 1 July 20231Indirect616,667 Ordinary Shares (post consolidation)1,908,334 Quoted Options, exercise price of 16cents expiring 16 August 2021225,000 Unquoted Options, exercise price of 10cents expiring 6 April 2022
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Free attaching options from participation underSecuritiesPurchasePlan(approvedbyShareholders at the Annual General Meeting heldon 23 June 2020)

1 The A Class Unquoted Options are the Replacement Options following the merger with Andes Resources Limited completed on 16 August 2019. Details of the A Class Replacement Options are detailed in Schedule 4 of the Supplementary Bidders Statement dated 18 July 2019.

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	Detail of contract	Detail of contract	-	-	-	-
Nature of interest			-
Name of registered holder(if issued securities)			-
D	ate of change		-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	-
Interest after change	-

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3