LIONTOWN LIMITED — Director's Dealing 2017

Nov 28, 2017

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 LIONTOWN RESOURCES LIMITED ABN 39 118 153 825

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.

Nam	e of Director	David Ross Richards
Date	of last notice	5 December 2016

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 and indirect
Nature of indirect interest	Richards Family Superannuation Fund – David
(including registered holder)	Richards is the trustee and beneficiary of the
Note: Provide details of the circumstances giving rise to therelevant interest.	Richards Family Superannuation Fund.
Date of change	28 November 2017
No. of securities held prior to change	3,431,500 fully paid ordinary shares.
	2,000,000 unlisted options with an exercise
	price of 3.5 cents and expiry date of 31 March
	2021.
Class	Unlisted options
Number acquired	8,000,000 unlisted options, vesting immediately
	with an exercise price of 2 cents and an expiry
	date of 31 October 2022.
Number disposed	Nil

• 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	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil	Nil	Nil
No. of securities held after change		3,431,500 fully paid ordinary shares.
		2,000price	,000 unlisted options with an exerciseof 3.5 cents and expiry date of 31 March
		2021.
		8,000,000 unlisted options with an exerciseprice of 2 cents and expiry date 31 October
		2022.
NEisi	ature of change	The i	ssue of unlisted options, the subject of
	xample: on-market trade, off-market trade, exercise of options,sue of securities under dividend reinvestment plan, participationn buy-back	ResoluMeeti	tion 4b, passed at the Annual Generalng held on 28 November 2017. The
		unlistndi	ed options are issued under the terms andin f th Cmn’ Eml Shr
		coOptio	os o e opays poyee aen Plan
			.

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.

	te: In the case of a company, interestsdisclosed in this part	which come within paragraph (ii) of the definition of “not	which come within paragraph (ii) of the definition of “not	which come within paragraph (ii) of the definition of “not	ifiable interest of a director” should	ifiable interest of a director” should
	.
D	etail of contract		N/A
N	ature of interest		N/A
Name of registered holder(if issued securities)	ame of registered holder		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	o. and class of securities to which		N/A
	nterest related prior to changeote: Details are only required for a contract inelation to which the interest has changed
Interest acquired			N/A
Interest disposed			N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation			N/A
Interest after change			N/A

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

Wereabovclear	the interests in the securities or contracts detailede traded during a+closed period where prior writtenance was required?	No
If soto pr	, was prior written clearance provided to allow the tradeoceed during this period?	N/A
If priprov	or written clearance was provided, on what date was thisided?	N/A

• See chapter 19 for defined terms.

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