MACARTHUR MINERALS LIMITED — Director's Dealing 2021

Feb 24, 2021

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	Macarthur Minerals Limited
ABN	93 103 011 436

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	Alan Joseph Phillips
Date of last notice	27 January2021

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.	a) First Apollo Capital Pty Ltdb) Unlimited Business Strategies Pty Ltd
Date of change	19 February 2021

• 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	a) First Apollo Capital Pty Ltd4,035,744 Ordinary shares500,000 Options exercise price C$0.22expiry 19 February 2021250,000 Options exercise price C$0.20expiry 3 December 2021250,000 Options exercise price C$0.20expiry 24 February 202253,511RightOfferingWarrantsexercisepriceC$0.80expiry15 December 20211,891,800 Warrants exercise priceC$0.40 expiry 24 September 2021500,000 Restricted Share Units expiry8 December 2023 (vesting subject tosatisfaction of vesting criteria).350,000 Restricted Share Units expiry19 January 2024 (vesting subject tosatisfaction of vesting criteria).b) Unlimited Business Strategies Pty Ltd468,100 Ordinary shares468,100WarrantsexercisepriceC$0.40 expiry 24 September 2021
Class	Options
Number acquired	-
Number disposed	500,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	a) First Apollo Capital Pty Ltd
	4,035,744 Ordinary shares
	250,000 Options exercise price C$0.20
	expiry 3 December 2021
	250,000 Options exercise price C$0.20
	expiry 24 February 2022
	53,511RightOfferingWarrants
	exercisepriceC$0.80expiry
	15 December 2021
	1,891,800 Warrants exercise price
	C$0.40 expiry 24 September 2021
	500,000 Restricted Share Units expiry
	8 December 2023 (vesting subject to
	satisfaction of vesting criteria).
	350,000 Restricted Share Units expiry
	19 January 2024 (vesting subject to
	satisfaction of vesting criteria).
	b) Unlimited Business Strategies Pty Ltd
	468,100 Ordinary shares
	468,100Warrantsexerciseprice
	C$0.40 expiry 24 September 2021
Nature of change	500,000 Options exercise price C$0.22,
Example: on-market trade, off-market trade, exercise of options,	Expired on 19 February 2021
issue of securities under dividend reinvestment plan, participation
in 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	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011