LIONTOWN LIMITED — Director's Dealing 2020

Oct 11, 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	Steven J M Chadwick
Date of last notice	6 July 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 or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Indirect	Indirect	Indirect	Indirect	Indirect	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.					1) Spectrum Metallurgical Consultants PtyLtd <The Chadwick Super Fund A/C>2) Spectrum Metallurgical Consultants PtyLtdSteven is a Director and Shareholder ofSpectrum Metallurgical Consultants Pty Ltdand a member of the Chadwick Super Fund.
	Date of change					6 October 2020

• 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	Direct interest:3,500,000 fully paid ordinary shares2,000,000 unlisted options with an exerciseprice of 15 cents and expiry date of 28November 2022.Indirect interest:1) The Chadwick Super Fund4,600,328 fully paid ordinary shares2) Spectrum Metallurgical Consultants PtyLtdi)109,183 fully paid ordinary sharesii)76,964 Service Rights (SR2) with avesting date of 30 September 2020 andexpiry date of 30 September 2022.
Class	Service Rights
Number acquired	49,184 Service Rights (SR3)
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Providedaspartofremunerationarrangements and the Service Rights wereissuedpursuanttoLTR’sEmployeeIncentive Plan. 17.87 cents per share is thecalculated consideration provided for eachService Right, being the 20-day VWAP as at30 September 2020 used for calculating thenumber of Service Rights.

• 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	No. of securities held after change	No. of securities held after change	No. of securities held after change	Direct interest:3,500,000 fully paid ordinary shares2,000,000 unlisted options with an exerciseprice of 15 cents and expiry date of 28November 2022.Indirect interest:1) The Chadwick Super Fund4,600,328 fully paid ordinary shares2) Spectrum Metallurgical Consultants PtyLtdi) 109,183 fully paid ordinary sharesii) 76,964 Service Rights (SR2) with avesting date of 30 September 2020 andexpiry date of 30 September 2022.iii) 49,184 Service Rights (SR3) with avesting date of 31 December 2020 andexpiry date of 31 December 2022.	Direct interest:3,500,000 fully paid ordinary shares2,000,000 unlisted options with an exerciseprice of 15 cents and expiry date of 28November 2022.Indirect interest:1) The Chadwick Super Fund4,600,328 fully paid ordinary shares2) Spectrum Metallurgical Consultants PtyLtdi) 109,183 fully paid ordinary sharesii) 76,964 Service Rights (SR2) with avesting date of 30 September 2020 andexpiry date of 30 September 2022.iii) 49,184 Service Rights (SR3) with avesting date of 31 December 2020 andexpiry date of 31 December 2022.
	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back				Issue of Service Rights under EmployeeIncentive Plan.
Part 2 – Ch
		ange of direct	or’s inter	ests in co

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.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

==> picture [434 x 191] intentionally omitted <==

----- Start of picture text ----- No. and class of securities to N/Awhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change N/A----- End of picture text -----

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.

Appendix 3Y Page 4

01/01/2011