LOTUS RESOURCES LIMITED — Director's Dealing 2022

Apr 6, 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	MARK HANLON
Date of last notice	26 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	Buprestid Pty Ltd (Hanlon Family Super
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	Fund)
interest.
Date of change	05 April 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
	 2,000,000UnquotedOptions
	exercisableat$0.00,expiring	22
	February 2024, vesting subject	to
	criteria set out in the Notice	of
	Meeting dated 30 June 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares, Unquoted Options
Number acquired	824,054 Ordinary Shares
Number disposed	824,054 Unquoted Options
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Payment of the exercise price of $0.04 peroption/ordinary share
No. of securities held after change	4,500,000 Ordinary Shares2,000,000Unquoted Options exercisableat $0.00, expiring 22 February 2024,vesting subject to criteria set out in theNotice of Meeting dated 30 June 2021
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Exercise of options

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 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.

01/01/2011 Appendix 3Y Page 3