LCL RESOURCES LIMITED — Director's Dealing 2021

Sep 7, 2021

Appendix 3Y Change of Director’s Interest Notice

ClassRule 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	Ross Ashton
Date of last notice	18 August 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 relevantinterest.	Freshwater Resources Pty Ltd <The Ashton SuperfundA/C>Freshwater Resources Pty Ltd <No 2 A/C>
Date of change	8 September 2021
No. of securities held prior to change	Direct1,160,000 LCLPR7 Performance Rights1,160,000 LCLPR8 Performance Rights660,000 Ordinary SharesFreshwater Resources Pty Ltd <The Ashton SuperfundA/C>7,808,695 Ordinary Shares937,500 Unquoted Options exercise price of 10cents expiring 6 April 2022Freshwater Resources Pty Ltd <No 2 A/C>1,385,334 Ordinary Shares625,000 Class A Unquoted Options, exercise price of32 cents expiring 1 July 20232,000,000 Unquoted Options exercise price of 13.5cents expiring 30 September 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares (LCL)
Number acquired	1,000,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.16
No. of securities held after change	Direct1,160,000 LCLPR7 Performance Rights1,160,000 LCLPR8 Performance Rights660,000 Ordinary SharesFreshwater Resources Pty Ltd <The Ashton SuperfundA/C>8,808,695 Ordinary Shares937,500 Unquoted Options exercise price of 10cents expiring 6 April 2022Freshwater Resources Pty Ltd <No 2 A/C>1,385,334 Ordinary Shares625,000 Class A Unquoted Options, exercise price of32 cents expiring 1 July 20232,000,000 Unquoted Options exercise price of 13.5cents expiring 30 September 2024
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Placement shares approved by shareholders atGeneral Meeting 31 August 2021

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 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/Consideration		-
Note: If consideration is non-cas	h,
provide details and an estimatvaluation	d
Interest after change		-

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above	No
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	-
proceed during this period?
If prior written clearance was provided, on what date was this	-
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3