LOTUS RESOURCES LIMITED — Director's Dealing 2022

Nov 29, 2022

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	12 September 2022

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 relevantinterest.	Mikenty Pty Ltd (ATF Bowes Family A/C)BT Portfolio Services (Bowes Family A/C)
Date of change	29 November 2022

• 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	229,338,927 Ordinary Shares	229,338,927 Ordinary Shares
		1,125,000UnquotedOptions,exercisableat$0.04,expiring13/03/236,000,000UnquotedOptions,expiring10February2024,exercisable at $0.00, subject tosatisfaction of vesting criteriarelated to continuous service andshare price hurdles as set out in
		the Notice of Meeting dated 30June 2021.648,000UnquotedOptions,expiring 29 July 2024, exercisableat $0.00, subject to satisfaction ofvesting criteria related to theKayelekera Uranium Project1,230,000UnquotedOptions,expiring29November2026,exercisable at $0.00, subject toifi f i ii
		satsacton o vestng crtera
	Class	Unquoted Options, zero exercise priceexpiring 31 October 2025Unquoted Options zero exercise priceexpiring 31 October 2027
	Number acquired	Unquoted Options expiring 31 October2025 – 930,233Unquoted Options expiring 31 October2027 – 1,767,442
	Number disposed
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil,awardedundertheCompany’sEmployee Share Option Plan as part ofannual award of short term and long termincentive options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of secur	No. of secur
	No. of secur	ities he	ld after c	hange			229,3381,125,00exercis13/03/26,000,0exirin	,927 O0Uablea300U 10	rdinarynquotedt$0.0nquoteFebr	Shares Op4,exdOpuar	tions,piringtions,202
							pexercis	g able at	$000	ysubje	4,ct to
							satisfa	tion	.f vest	,ing cr	iteria
							relatedsharethe NJune 20	to conprice hotice of21.	tinuouurdlesMeeti	s servicas set ong dat	e andut ined 30
							6800	U	uote	O	tions
							4,exirin	2 J	ql 202	pexerc	,isable
							pat $00	g 90 subj	yct to s	,atisfacti	on of
							.vestin	,criter	ia rela	ted to	the
Nature of cExample: on-missue of securitbuy-backPart 2 – ChNote: In the casebe disclosed in thDetail of c							Kayele1,230,0expirinexercissatisfac	kera Ur00Ug29able attion	aniumnquoteNove$0.00of vest	ProjectdOpmber, subjeing cr	tions,2026,ct toiteria
							relatedProject930,233	to the Un	Kayelekquoted	era Ura Op	niumtions,
							expirinexercis2023vestingKayele1,767,4expirinexercis2025vestingKayele	g31able atsubjectcriterkera Ur42Ug31able atsubjectcriterkera Ur	Oct$0.00,to saia relaaniumnquote Oct$0.00,to saia relaanium	obervestingtisfactioted toProjectdOpobervestingtisfactioted toProject	2025,1 Julyn ofthetions,2027,1 Julyn ofthe
	Nature of cExample: on-missue of securitbuy-back	hangearket traies under	de, off-mardividend rei	ket trade, exercise of options,nvestment plan, participation in		AnntermOpt	ual awardincentivion Plan,a	of shes und pproval	ort terer Emat AG	m andployeeM	longShare
		ange oof a compis part.	f directany, interes	or’s interests in contractsts which come within paragraph (ii) of the			definition of “n	otifiable int	erest of a di	rector” shou	ld
	Detail of c	ontract			N/A

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

==> picture [434 x 285] intentionally omitted <==

----- Start of picture text ----- Nature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011