LEFROY EXPLORATION LIMITED — Director's Dealing 2020

Dec 17, 2020

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 Lefroy Exploration Limited ARBN 052 123 930

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	Michael Davies
Date of last notice	30 November 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		N/A
Date of change		17 December 2020
No. of securities held prior to change		Direct–Michael Neil Macgregor Davies13,440,988 fully paid ordinary shares**Indirect- **Lefroy Exploration Share Plan Pty Ltd–beneficial holder666,666shares(subjecttovestingconditions) – for vesting terms refer12/9/16 Notice of Meeting.
Class		Fully paid ordinary shares
Number acquired		708,334 fully paid ordinary shares
Number disposed		-

• 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		$0.24 per share
No. of securities held after change		Direct–Michael Neil Macgregor Davies14,149,322 fully paid ordinary shares**Indirect- **Lefroy Exploration Share Plan Pty Ltd–beneficial holder666,666shares(subjecttovestingconditions) – for vesting terms refer12/9/16 Notice of Meeting.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Shares issued to raise $170.000.16 under aplacement as announced to ASX on 22October2020andapprovedbyshareholders at the Company’s AnnualGeneral Meeting held on 9 December2020.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

art 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?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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