LCL RESOURCES LIMITED — Director's Dealing 2021

Jul 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	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	23 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 relevantinterest.	Mr Kevin Wilson & Mrs Jola Wilson <LincolnSuperfund No A/C>
Date of change	16 July 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct3,722,453 Ordinary Shares166,667 Quoted Options exercise price of 16cents expiring 16 August 20212,000,000 Unquoted Options exercise price of13.5 cents expiring 30 September 2021625,000 Unquoted Options, exercise price of 10cents expiring 6 April 2022440,000 LCLPR6 Performance Rights770 000 LCLPR7 Performance Rights770,000 LCLPR8 Performance RightsIndirect635,669 Ordinary Shares17,860 Quoted Options exercise price of 16 centsexpiring 16 August 2021625,000 Unquoted Options, exercise price of 2cents expiring 18 May 2022
Class	Ordinary Shares
Number acquired	624,527
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	2,000,000 Performance Rights were convertedfor Nil consideration. 184,527 LCLOB optionswere converted at an exercise price of $0.16,beingconsideration of$29,524.32.
No. of securities held after change	Direct4,329,120 Ordinary Shares2,000,000 Unquoted Options exercise price of13.5 cents expiring 30 September 2021625,000 Unquoted Options, exercise price of 10cents expiring 6 April 2022770 000 LCLPR7 Performance Rights770,000 LCLPR8 Performance RightsIndirect653,529 Ordinary Shares (post consolidation)625,000 Unquoted Options, exercise price of 2cents expiring 18 May 2022
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Conversion of Performance Rights and 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?	YES
If so, was prior written clearance provided to allow the trade toproceed during this period?	YES
If prior written clearance was provided, on what date was thisprovided?	15 July 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3