LCL RESOURCES LIMITED — Director's Dealing 2020

Apr 22, 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.

Name of Director	Kevin Wilson
Date of last notice	20 December 2019

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.	Mr Kevin Wilson & Mrs Jola Wilson <LincolnSuperfund No A/C>
Date of change	6 April 2020
No. of securities held prior to change	Direct833,334 Ordinary Shares (post consolidation)166,667 Quoted Options (post consolidation)exercise price of 16 cents expiring 16 August20212,000,000 Unquoted Options exercise price of13.5 cents expiring 30 September 2021Indirect89,296 Ordinary Shares (post consolidation)143,288 Quoted Options (post consolidation)exercise price of 16 cents expiring 16 August2021
Class	1. Fully Paid Ordinary Shares2. Unquoted Options, exercise price of 10 centsexpiring 6 April 2022

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. 1,250,000
	2. 625,000
Number disposed	Nil
Value/Consideration	1. $0.04 per Share
Note: If consideration is non-cash, provide details and estimated	2. Nil
valuation
No. of securities held after change	Direct
	2,083,334 Ordinary Shares (post consolidation)
	166,667 Quoted Options (post consolidation)
	exercise price of 16 cents expiring 16 August
	2021
	2,000,000 Unquoted Options exercise price of
	13.5 cents expiring 30 September 2021
	625,000 Unquoted Options, exercise price of 10
	cents expiring 6 April 2022
	580,000 LTIP Performance Rights, expiring 31
	December 2020
	Indirect
	89,296 Ordinary Shares (post consolidation)
	143,288 Quoted Options (post consolidation)
	exercise price of 16 cents expiring 16 August
	2021
Nature of change	1. Participation in Placement
Example: on-market trade, off-market trade, exercise of options, issue of	2. Free attaching options from participation
securities under dividend reinvestment plan, participation in buy-back	under Placement
	(Approved by Shareholders at the General
	Meeting held on 30 March 2020)

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	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
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

• 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