LCL RESOURCES LIMITED — Director's Dealing 2021

Aug 17, 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	16 July 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	18 August 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of	secu	rities held	prior to cha	nge		Dire1,	ct160,000 LCLPR7 Performance Rights		f
						1,66FresA/C7,1,ex	160,000 LCLPR8 Performance Rights0,000 Ordinary Shareshwater Resources Pty Ltd <The Ashton Superfund>808,695 Ordinary Shares714,119 Quoted Options exercise price of 16 centspiring 16 August 2021
						93ceFres1,62322,ce	7,500 Unquoted Optionts expiring 6 April 2022hwater Resources Pty Lt385,334 Ordinary Shares5,000 Class A Unquotedcents expiring 1 July 20000,000 Unquoted Optints expiring 30 Septemb	ns exercise price of 10 d <No 2 A/C> Options, exercise price o23ons exercise price of 13.5er 2024
Class						Quo	ted options (LCLOB)
Numb	er ac	quired				-
Numb	er di	sposed				1,71	4,119
ValueNote: Ifvaluatio	/Conconsin	siderationderation is no	n-cash, provide	details and estim	ated	Nil.	Options expired on 16 Au	gust 2021.
No. of	secu	rities held	after chang	e		Dire1,1,	ct160,000 LCLPR7 Perform160,000 LCLPR8 Perform	ance Rightsance Rights	f
						66FresA/C7,93ceFres1,62322,ce	0,000 Ordinary Shareshwater Resources Pty Lt>808,695 Ordinary Shares7,500 Unquoted Optionts expiring 6 April 2022hwater Resources Pty Lt385,334 Ordinary Shares5,000 Class A Unquotedcents expiring 1 July 20000,000 Unquoted Optints expiring 30 Septemb	d <The Ashton Superfund ns exercise price of 10 d <No 2 A/C> Options, exercise price o23ons exercise price of 13.5er 2024
NatuExamplesecuritie	re of: on-mas under	changerket trade, off-dividend reinve	market trade, exestment plan, part	rcise of options, issicipation in buy-bac	ue ofk	Expi	ry of options

• 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.

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

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?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3