MAGNETITE MINES LIMITED. — Director's Dealing 2020

May 4, 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 30/09/01 Amended 01/01/11

Name of entity	MAGNETITE MINES LIMITED
ABN	34 108 102 432

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	Peter James Schubert
Date of last notice	11/12/2019

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	BOTH DIRECT AND INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	29/04/2020
No. of securities held prior to change The Schubert Family Account The Schubert Super Fund No 2 Account	28,522,782 ordinary shares. 5,297,782 Quoted options exercisable at 5 cents each on or before 31 May 2021. 10,000,000 Unquoted options exercisable at 2 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 5 cents each on or before 30 November 2022. 6,966,129 ordinary shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary shares
Number acquired The Schubert Family Account	50,000,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$50,000.00
No. of securities held after change The Schubert Family Account The Schubert Super Fund No 2 Account	78,522,782 ordinary shares. 5,297,782 Quoted options exercisable at 5 cents each on or before 31 May 2021. 10,000,000 Unquoted options exercisable at 2 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 5 cents each on or before 30 November 2022. 6,966,129 ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in pro-rata renounceable rights issue.

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	Not applicable.
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	-

• See chapter 19 for defined terms.

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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

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closedperiod whereprior 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 3

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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	MAGNETITE MINES LIMITED
ABN	34 108 102 432

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	Frank DeMarte
Date of last notice	11/12/2019

111 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	BOTH DIRECT AND INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	29/04/2020
No. of securities held prior to change Frank DeMarte The DeMarte Family Trust Grandeur Holdings Pty Ltd The DeMarte Superannuation Fund	320,833 2,953,730 5,000,000 10,000,000 45,297 6,196,275 953,000 ordinary shares. ordinary shares. Unquoted options exercisable at 2 cents each on or before 26 November 2020. unquoted options exercisable at 1.5 cents each on or before 1 December 2024. ordinary shares. ordinary shares. quoted options exercisable at 5 cents eachonorbefore 31 May2021.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary shares
Number acquired The DeMarte Superannuation Fund	11,893,170
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$11,893.17
No. of securities held after change Frank DeMarte The DeMarte Family Trust Grandeur Holdings Pty Ltd The DeMarte Superannuation Fund	320,833 2,953,730 5,000,000 10,000,000 45,297 18,089,445 953,000 ordinary shares. ordinary shares. unquoted options exercisable at 2 cents each on or before 26 November 2020. unquoted options exercisable at 1.5 cents each on or before 1 December 2024. ordinary shares. ordinary shares. quoted options exercisable at 5 cents each on or before 31 May 2021.

Nature of change

Example: on-market trade, off-market trade, Participation in pro-rata renounceable rights issue. exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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 Not applicable

Nature of interest

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

art 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 3

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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	MAGNETITE MINES LIMITED
ABN	34 108 102 432

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	Malcolm Randall
Date of last notice	11/12/2019

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	BOTH DIRECT AND INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	29/04/2020.
No. of securities held prior to change Renique Holdings Pty Ltd (Randall Super Fund A/C)	6,431,312 ordinary shares. 503,096 quoted options exercisable at 5 cents each on or before 31 May 2021. 5,000,000 unquoted options exercisable at 2 cents each on or before 26 November 2020. 10,000,000 Unquoted options exercisable at 1.5 cents each on or before 1 December 2024.
Class	Ordinaryshares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired Renique Holdings Pty Ltd (Randall Super Fund A/C)	8,039,140
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$8,039.14
No. of securities held after change Renique Holdings Pty Ltd (Randall Super Fund A/C)	14,470,452 ordinary shares. 503,096 Unquoted options exercisable at 5 cents each on or before 31 May 2021 5,000,000 Unquoted options exercisable at 2 cents each on or before 26 November 2020. 10,000,000 Unquoted options exercisable at 1.5 cents each on or before 1 December 2024.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Participation in pro-rata renounceable rights issue.

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	Not applicable.
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.

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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

art 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 3

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	MAGNETITE MINES LIMITED
ABN	34 108 102 432

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 Richard Eames
Date of last notice	11/03/2020

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	BOTH DIRECT AND INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	29/04/2020.
No. of securities held prior to change Mark Richard Eames	14,257,159 ordinary shares.
Class	Ordinary shares
Number acquired Mark Richard Eames	17,821,450
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$17,821.45

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Mark Richard Eames	32,078,609 ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Participation in pro-rata renounceable rights issue.

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	Not applicable.
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 No. 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.

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