MAGNUM MINING AND EXPLORATION LIMITED — Director's Dealing 2021

Jan 17, 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 Magnum Mining and Exploration Limited ABN 70 003 170 376

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	Howard Dawson
Date of last notice	2 January 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Howard Dawson & Mrs LeigthDawson <H&L Dawson Super Fund A/C>in which Mr Dawson has a beneficialinterest.HG & LV Dawson <Family A/C> in whichMr Dawson has a beneficial interest
Date of change	18 January 2021
No. of securities held prior to change	Nil
Class	Unlisted Options
Number acquired	6,000,000 Unlisted Options
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

3,500,000unlisted options exercisableat $0.03 on or before 31 December 2023– Indirect interest – Mr HowardDawson & Mrs Leigth Dawson <H&LDawson Super Fund A/C> in which MrDawson has a beneficial interest1,000,000 unlisted options exercisable at$0.03 on or before 31 December 2023 –Indirect interest – HG & LV Dawson<Family A/C> in which Mr Dawson has abeneficial interest.500,000 unlisted options exercisable at$0.10 on or before 31 December 2023 –Indirect interest – HG & LV Dawson<Family A/C> in which Mr Dawson has abeneficial interest.500,000 unlisted options exercisable at$0.20 on or before 31 December 2023 –Indirect interest – HG & LV Dawson<Family A/C> in which Mr Dawson has abeneficial interest.500,000 unlisted options exercisable at$0.40 on or before 31 December 2023 –Indirect interest – HG & LV Dawson<Family A/C> in which Mr Dawson has abeneficial interest.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back

6,000,000 unlisted options exercisable atvarious exercise prices all expiring on 31December 2023 as set out below:4,500,00 unlisted options exercisable at$0.03 per share500,000 unlisted options exercisable at$0.10 per share500,000 unlisted options exercisable at$0.20 per share500,000 unlisted options exercisable at$0.40per share

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder(if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an 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?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3