MAGMATIC RESOURCES LIMITED — Director's Dealing 2020

Jan 30, 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 30/9/2001.

Name of entity	Magmatic Resources Limited
ABN	32 615 598 322

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	David Richardson
Date of last notice	11 December 2019

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.	1. Bilingual Software Pty Ltd (Director and Beneficiary) 2. D&R Richardson (Trustee & Beneficiary)
Date of change	31 January 2020
No. of securities held prior to change	1. 36,668,823 fully paid ordinary shares 4,918,751 listed options exercisable at 10 cents, expiring 30 August 2021 400,000 listed options exercisable at 30 cents, expiring 17 May 2020 2. 5,773,750 fully paid ordinary shares 81,249 listed options exercisable at 10 cents, expiring 30 August 2021 121,875 listed options exercisable at 30 cents, expiring 17May2020
Class	Unlisted options approved by shareholders on 23 January 2020
Number acquired	1. 2,700,000 Unlisted 36.3 cent options expiring on 31 January 2023 1,300,000 Unlisted 60.5 cent options expiring on 31 January 2023

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	-
Value/Consideration includes brokerage/gst Note: If consideration is non-cash, provide details and estimated valuation	NIL (approved by shareholders on 23 January 2020)
No. of securities held after change	1. 36,668,823 fully paid ordinary shares 4,918,751 listed options exercisable at 10 cents, expiring 30 August 2021 400,000 listed options exercisable at 30 cents, expiring 17 May 2020 2,700,000 Unlisted 36.3 cent options expiring on 31 January 2023 1,300,000 Unlisted 60.5 cent options expiring on 31 January 2023 2. 5,773,750 fully paid ordinary shares 81,249 listed options exercisable at 10 cents, expiring 30 August 2021 121,875 listed options exercisable at 30 cents, expiring 17 May2020
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options approved by shareholders on 23 January 2020

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

Part 3 – ~~[+]~~ Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

Appendix 3Y Page 3