LEFROY EXPLORATION LIMITED — Director's Dealing 2023

Jan 22, 2023

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	Gordon Thomas Galt
Date of last notice	16 May 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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Veromas Pty Ltd – director and shareholder of company
Date of change	20 January 2023

• 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		Indirect HSBC Custody Nominees (Australia) Ltd– beneficial holder 2,367,857 fully paid ordinary shares. Gordon Thomas Galt & Maria Veronica Galt – trustee and beneficiary 1,100,000 fully paid ordinary shares. Lefroy Exploration Share Plan Pty Ltd – beneficial holder. 1,200,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting.
Class		Unlisted options – exercisable at $0.45; expiring 20 January 2026.
Number acquired		1,200,000 options – exercisable at $0.45, expiring 20 January 2026.
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil – issued pursuant to the terms and conditions of the Company’s Incentive Awards Plan.

• 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		Indirect HSBC Custody Nominees (Australia) Ltd– beneficial holder 2,467,857 fully paid ordinary shares. Gordon Thomas Galt & Maria Veronica Galt – trustee and beneficiary 1,000,000 fully paid ordinary shares. Lefroy Exploration Share Plan Pty Ltd – beneficial holder. 1,200,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting. Veromas Pty Ltd – director and shareholder of company 1,200,000 options – exercisable at $0.45, expiring 20 January 2026. _ Note - 100,000 fully paid ordinary shares_ were moved off-market from indirect holder ‘Gordon Thomas Galt & Maria Veronica Galt ’ to indirect holder ‘HSBC Custody Nominees (Australia) Ltd’ since the date of lodgement of the last Appendix 3Y.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of options pursuant to the terms and conditions of the Company’s Incentive Awards Plan following shareholder approval obtained at the 6 December 2022 Annual General Meeting.

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

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 Wade Steven Johnson

Date of last notice 15 December 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		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Wade Johnson & Jennifer Johnson – trustee and beneficiary
Date of change		20 January 2023
No. of securities held prior to change		Direct– Wade Steven Johnson 1,711,712 ordinary shares. Indirect- Wade Johnson & Jennifer Johnson – trustee and beneficiary 2,491,667 ordinary shares. Lefroy Exploration Share Plan Pty Ltd – beneficial holder 2,400,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Unlisted options – exercisable at $0.45; expiring 20 January 2026.
Number acquired		2,000,000 options – exercisable at $0.45; expiring 20 January 2026.
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil – issued pursuant to the terms and conditions of the Company’s Incentive Awards Plan.
No. of securities held after change		Direct– Wade Steven Johnson 1,711,712 ordinary shares. Indirect- Wade Johnson & Jennifer Johnson – trustee and beneficiary. 2,491,667 ordinary shares. 2,000,000 options – exercisable at $0.45; expiring 20 January 2026. Lefroy Exploration Share Plan Pty Ltd – beneficial holder. 2,400,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of options pursuant to the terms and conditions of the Company’s Incentive Awards Plan following shareholder approval obtained at the 6 December 2022 Annual General Meeting.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after changeN/A	N/A

Part 3 –[+] Closed period

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	15 December 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		N/A
Date of change		20 January 2023
No. of securities held prior to change		Direct– Michael Neil Macgregor Davies 15,101,703 fully paid ordinary shares Lefroy Exploration Share Plan Pty Ltd– beneficial holder. 1,200,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting.
Class		Unlisted options – exercisable at $0.45; expiring 20 January 2026.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		1,200,000 options – exercisable at $0.45, expiring 20 January 2026.
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil – issued pursuant to the terms and conditions of the Company’s Incentive Awards Plan.
No. of securities held after change		Direct– Michael Neil Macgregor Davies 15,101,703 fully paid ordinary shares 1,200,000 options – exercisable at $0.45, expiring 20 January 2026 Lefroy Exploration Share Plan Pty Ltd– beneficial holder. 1,200,000 ordinary fully paid shares (subject to vesting conditions) – for vesting terms refer 2021 Notice of Annual General Meeting.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		Issue of options pursuant to the terms and conditions of the Company’s Incentive Awards Plan following shareholder approval obtained at the 6 December 2022 Annual General Meeting.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	Tara French
Date of last notice	11 August 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.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	20 January 2023
No. of securities held prior to change	Nil
Class	Unlisted options – exercisable at $0.45; expiring 20 January 2026.
Number acquired	1,200,000 options – exercisable at $0.45, expiring 20 January 2026.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil – issued pursuant to the terms and conditions of the Company’s Incentive Awards Plan.

• 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 after change		Direct– Tara French 1,200,000 options – exercisable at $0.45, expiring 20 January 2026
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of options pursuant to the terms and conditions of the Company’s Incentive Awards Plan following shareholder approval obtained at the 6 December 2022 Annual General Meeting.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after changeN/A	N/A

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3