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	Jason Stirbinskis
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 relevant interest.	Indirect Mr Jason Stirbinskis and Mrs Miki Stirbinskis M S/F A/C> Mrs Miki Stirbinskis
Date of change	16 July 2021

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct 6,000,000 options, exercise price of 13.5 cents expiring 30 September 2024 1,875,000 Class A Unquoted Options, exercise price of 32 cents expiring 1 July 2023 2,000,000 - LCLPR6 Performance Rights 3,500,000- LCLPR7 Performance Rights 3,500,000 - LCLPR8 Performance Rights Mr Jason Stirbinskis and Mrs Miki Stirbinskis 616,667 Ordinary Shares (post consolidation) 33,334 Quoted Options, exercise price of 16 cents expiring 16 August 2021 225,000 Unquoted Options, exercise price of 10 cents expiring 6 April 2022 225,000 Unquoted Options, exercise price of 2 cents expiring 18 May 2022
Class	Ordinary Shares
Number acquired	2,258,334
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	2,000,000 Performance Rights were converted for Nil consideration. 33,334 LCLOB options were converted at an exercise price of $0.16, being consideration of $5,333.44. 225,000 LCLOPT2A options were converted at an exercise price of $0.02,beingconsideration of$4,500.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct 6,000,000 options, exercise price of 13.5 cents expiring 30 September 2024 1,875,000 Class A Unquoted Options, exercise price of 32 cents expiring 1 July 2023 3,500,000- LCLPR7 Performance Rights 3,500,000 - LCLPR8 Performance Rights Mr Jason Stirbinskis and Mrs Miki Stirbinskis 875,001 Ordinary Shares 225,000 Unquoted Options, exercise price of 10 cents expiring 6 April 2022 Mrs Miki Stirbinskis 2,000,000 Ordinary Shares

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Conversion of Performance Rights and Options

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	-
Interest acquired	-
Interest disposed	-

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	Yes
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	15 July 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011