LCL RESOURCES LIMITED — Director's Dealing 2022

May 25, 2022

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	5 April 2022

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.

in thispart.
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>Trustee and Beneficiary of Superannuation Fund
Date of change	25 May 2022
No. of securities held prior to change	Direct4,954,120 Ordinary Shares2,000,000 Unquoted Options exercise price of13.5 cents expiring 30 September 2024770 000 LCLPR7 Performance Rights770,000 LCLPR8 Performance RightsIndirect653,529 Ordinary Shares625,000 Unquoted Options, exercise price of 2cents expiring 18 May 2022
Class	Ordinary Shares;Unquoted Options, exercise price of 2 centsexpiring 18 May 2022
Number acquired	625,000 Ordinary Shares
Number disposed	625,000 Unquoted Options, exercise price of 2cents expiring 18 May 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	625,000 LCLOPT2A options were converted at anexercise price of $0.02, being consideration of$12,500.
No. of securities held after change	Direct4,954,120 Ordinary Shares2,000,000 Unquoted Options exercise price of13.5 cents expiring 30 September 2024770 000 LCLPR7 Performance Rights770,000 LCLPR8 Performance RightsIndirect1,278,529 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Options exercise

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	N/a
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