LOTUS RESOURCES LIMITED — Director's Dealing 2021

Aug 25, 2021

26 August 2021

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Company Announcements Platform ASX Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam

Appendix 3Y – Change of Director’s Interest Notice – Mr Michael Bowen, Mr Mark Hanlon, Mr Grant Davey and Mr Keith Bowes

Please find attached Change of Director’s Interest Notices with respect to a change in the holdings of Lotus Resources Limited securities for the abovementioned directors. The issue of securities that are the subject of the attached Change of Director’s Interest Notices was approved by shareholders at the General Meeting held on 30 July 2021.

Yours faithfully

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Stuart McKenzie Company Secretary Lotus Resources Limited

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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 LOTUS RESOURCES LIMITED

ABN 38 119 992 175

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	MARK HANLON
Date of last notice	12 August 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 Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Buprestid Pty Ltd (Hanlon Family Super Fund)
Date of change	26 August 2021
No. of securities held prior to change	3,675,946 Ordinary Shares Unquoted Options:  223,215 exercisable at $0.04, expiring 12/9/22  199,053 exercisable at $0.04, expiring 25/9/22  401,786 exercisable at $0.04, expiring 13/3/23
Class	Unquoted Options
Number acquired	Unquoted Options: 2,000,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Non-cash, offered in connection with the provision of director services. Should the Unquoted Options vest, based on a share price of $0.15, the Unquoted Options have an estimated value of$300,000.
No. of securities held after change	3,675,946 Ordinary Shares Unquoted Options:  223,215 exercisable at $0.04, expiring 12/9/22  199,053 exercisable at $0.04, expiring 25/9/22  401,786 exercisable at $0.04, expiring 13/3/23  2,000,000 Unquoted Options exercisable at $0.00, expiring 22 February 2024, vesting subject to criteria set out in the Notice of Meeting dated 30 June 2021
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Approved by shareholders at a general meeting held on 30 July 2021.

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
Name of registered holder (if issued securities)
Date of change
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
Interest acquired

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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

• 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 LOTUS RESOURCES LIMITED

ABN 38 119 992 175

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 BOWEN
Date of last notice	24 February 2021 (Appendix 3X)

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 Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bouchi Pty Ltd (director and shareholder)
Date of change	26 August 2021
No. of securities held prior to change	2,250,000 Ordinary Shares
Class	Unquoted Options
Number acquired	Unquoted Options: 3,000,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Non-cash, offered in connection with the provision of director services. Should the Unquoted Options vest, based on a share price of $0.15, the Unquoted Options have an estimated value of$450,000.

• 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	 2,250,000 Ordinary Shares  3,000,000 exercisable at $0.00, expiring 22 February 2024, vesting subject to criteria set out in the Notice of Meeting dated 30 June 2021
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Approved by shareholders at a general meeting held on 30 July 2021.

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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 LOTUS RESOURCES LIMITED

ABN 38 119 992 175

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	KEITH BOWES
Date of last notice	19 August 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.	Mikenty Pty Ltd (Bowes Family A/C) BT Portfolio Servcies (Bowes Family A/C)
Date of change	26 August 2021
No. of securities held prior to change	 228,713,927 Ordinary Shares  625,000 Unquoted Options, exercisable at $0.04, expiring 12/09/22  1,125,000 Unquoted Options, exercisable at $0.04, expiring 13/03/23
Class	Unquoted Options
Number acquired	6,000,000
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Managing Director services – the value of the Unquoted Options is dependent on the share price should the Unquoted Options vest. Should half of the Unquoted Options vest, based on a share price of $0.15, the Unquoted Options have a value of $450,000. Should all of the Unquoted Options vest, based on a share price of $0.15, the Unquoted Options have a value of$900,000.
No. of securities held after change	 228,713,927 Ordinary Shares  625,000 Unquoted Options, exercisable at $0.04, expiring 12/09/22  1,125,000 Unquoted Options, exercisable at $0.04, expiring 13/03/23  6,000,000 Unquoted Options, expiring 10 February 2024, exercisable at $0.00, subject to satisfaction of vesting criteria related to continuous service and share price hurdles as set out in the Notice of Meeting dated 30 June 2021.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Approved by shareholders at a general meeting held on 30 July 2021.

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
Name of registered holder (if issued securities)
Date of change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

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

• 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 LOTUS RESOURCES LIMITED (Lotus)

ABN 38 119 992 175

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	GRANT DAVEY
Date of last notice	19 August 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.	Davey Management (Aus) Pty Ltd Davey Holdings (Aus) Pty Ltd Both entities in which Mr Davey is the sole director.
Date of change	17 August 2021
No. of securities held prior to change	244,012,753 Ordinary Shares
Class	Unquoted Options
Number acquired	2,000,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Non-cash, offered in connection with the provision of director services. Should the Unquoted Options vest, based on a share price of $0.15, the Unquoted Options have an estimated value of$300,000.

• 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 244,012,753 Ordinary Shares 2,000,000 Unquoted Options, exercisable at $0.00, expiring 22 February 2024, vesting subject to criteria set out in the Notice of Meeting dated 30 June 2021 Nature of change Approved by shareholders at a general

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in meeting held on 30 July 2021. buy-back

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3