LIGHTNING MINERALS LTD — Director's Dealing 2023

Oct 2, 2023

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity: Lightning Minerals Ltd ABN: 40 656 005 122

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Alexander Biggs
Date of appointment	28/9/23

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

• 96,491 Ordinary Shares (L1M)

• 500,000 unlisted $0.25 cent Options expiring 22/11/27

• 25,000 listed $0.25 Options expiring 13/3/28 (L1MO)

• 1,745,454 Performance Rights

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Number & class of Securities Note: Provide details of the circumstances giving rise to the relevant interest. Nil

Part 3 – 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	Agreement to issue 250,000 Options and 1,250,000 Performance Rights to Alexander Biggs subject to shareholderapproval
Nature of interest	Direct
Name of registered holder (if issued securities)	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

• No. and class of securities to which 1. a) 250,000 Options with an exercise interest relates price of 25 cents per option expiring 27 September 2027 and vesting upon issue.

• 1. b) 250,000 Performance Rights which vest and become exercisable (convert to shares) on the Company’s shares achieving a volume weighted average price per share of at least 50 cents over any 20 consecutive trading days on which the shares have actually traded on ASX.
• 1. c) 500,000 Performance Rights which vest and become exercisable (convert to shares) on the Company’s shares achieving a volume weighted average price per share of at least 75 cents over any 20 consecutive trading days on which the shares have actually traded on ASX.
• 1. d) 500,000 Performance Rights which vest and become exercisable (convert to shares) on the Company’s shares achieving a volume weighted average price per share of at least $1 over any 20 consecutive trading days on which the shares have actually traded on ASX.

• See chapter 19 for defined terms.

Appendix 3X Page 3

11/3/2002