LIONTOWN LIMITED — Director's Dealing 2020

Nov 29, 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 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.

Name of Director	Anthony J Cipriano
Date of last notice	28 October 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	1) Julie Zongaro-Robich is the spouse ofAnthony J Cipriano.2) Sky High Superannuation Fund – AnthonyJ Cipriano is the trustee and beneficiary ofthe Sky High Superannuation Fund.3) Anthony James Cipriano as trustee for TheAJC Family Trust.4) Anthony James Cipriano as a joint trusteefor The SC Family Trust.
Date of change	(a) 25 November 2020: issue of 1,000,000unlisted options(b) 30 November 2020: purchase of 250,000shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct interest:348,300 fully paid ordinary sharesIndirect interest:1) Julie Zongaro-Robich:7,036,275 fully paid ordinary shares2) Sky High Superannuation Fund:2,000,000 fully paid ordinary shares3) AJC Family Trust:i) 6,658,487 fully paid ordinary sharesii) 2,000,000unlistedoptionswithanexercise price of 15 cents and expiry dateof 28 November 2022.iii) 56,849 Service Rights (SR3) with avesting date of 31 December 2020 andexpiry date of 31 December 2022.4) SC Family Trust:150,000 fully paid ordinary shares
Class	(a) Unlisted options(b)Fully paid ordinaryshares
Number acquired	(a) 1,000,000 unlisted options with anexercise price of 30 cents and expirydate of 25 November 2023(b) 250,000 Fully paid ordinary shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	(a) No consideration is provided as they arepart of remuneration arrangements andissuedpursuanttoLTR’sEmployeeIncentive Plan.(b) 250,000 Fully paid ordinary shares at$0.23 per share

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct interest:348,300 fully paid ordinary sharesIndirect interest:1) Julie Zongaro-Robich:7,036,275 fully paid ordinary shares2) Sky High Superannuation Fund:2,250,000 fully paid ordinary shares3) AJC Family Trust:i) 6,658,487 fully paid ordinary sharesii) 2,000,000unlistedoptionswithanexercise price of 15 cents and expiry dateof 28 November 2022.iii) 56,849 Service Rights (SR3) with avesting date of 31 December 2020 andexpiry date of 31 December 2022.iv) 1,000,000unlistedoptionswithanexercise price of 30 cents and expiry dateof 25 November 2023.4) SC Family Trust:150,000 fully paid ordinary shares

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back

(a) Issue of unlisted options under EmployeeIncentive Plan and approved by shareholdersat the Annual General Meeting held on 25November 2020.(b) Issued pursuant to a placement toDirectors or their associated nomineesapproved by shareholders at the AnnualGeneral Meeting held on 25 November 2020.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to N/A which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

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