MARVEL GOLD LIMITED — Director's Dealing 2018

Dec 12, 2018

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: GRAPHEX MINING LIMITED ABN: 77 610 319 769

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	Phil Hoskins
Date of last notice	26 September 2018

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	DirectIndirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Phil Hoskins Pty Ltd <Phil & Nicole HoskinsS/F>
Date of change	13 December 2018

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct•715,000 Unquoted Options with a nilexercise price, expiring 9 June 2021,vesting on 1 July 2019, conditional uponachievement of key project milestones.•260,000 Unquoted Options, with a nilexercise price, expiring 14 June 2019.•350,000 Unquoted Options exercisable at$0.20, expiring 9 June 2019•56,554 Shares.•596,261 Unquoted Options, with a nilexercise price, expiring 1 July 2022,vesting on 1 July 2020, conditional uponachievement of key project milestoneslinked to the development of the ChilaloProjectIndirect•410,444 Shares.•83,333 Loyalty Options, exercisable at$0.25 each, expiring 9 June 2019.
Class	Indirect: Shares
Number acquired	Indirect•71,000 SharesDirect•421,818 Unquoted Options (as approvedat the 26 November AGM), with a nilexercise price, expiring 1 July 2021,vesting on 1 July 2019, conditional uponachievement of a satisfactory resolutionof legal and regulatory issues in Tanzaniaand securing development funding•580,000 Unquoted Options (as approvedat the 26 November AGM) with a nilexercise price, expiring 1 July 2023,vesting on 1 July 2021, conditional uponcompletion of offtake arrangements,commercial production at Chilalo andshare price performance
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$19,880.00

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct•56,554 Shares.•715,000 Unquoted Options with a nilexercise price, expiring 9 June 2021,vesting on 1 July 2019, conditional uponachievement of key project milestones.•260,000 Unquoted Options, with a nilexercise price, expiring 14 June 2019.•350,000 Unquoted Options exercisable at$0.20, expiring 9 June 2019•596,261 Unquoted Options, with a nilexercise price, expiring 1 July 2022,vesting on 1 July 2020, conditional uponachievement of key project milestoneslinked to the development of the ChilaloProject•421,818 Unquoted Options, with a nilexercise price, expiring 1 July 2021,vesting on 1 July 2019, conditional uponachievement of a satisfactory resolutionof legal and regulatory issues in Tanzaniaand securing development funding•580,000 Unquoted Options with a nilexercise price, expiring 1 July 2023,vesting on 1 July 2021, conditional uponcompletion of offtake arrangements,commercial production at Chilalo andshare price performanceIndirect•481,444 Shares.•83,333 Loyalty Options, exercisable at$0.25 each, expiring 9 June 2019.

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

Lapse of Unquoted 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 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.

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