MARVEL GOLD LIMITED — Director's Dealing 2019

Jul 24, 2019

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	31 May 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	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	24 July 2019

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of secur	ities held	prior t	o change			Direct
						•	36,28	4 Shar	es.
						• e	15,0xerci	0 Unqse pric	uoted Ope expirin	tionsg 9 J	with a nilune 2021
						v	estin	g on 1	,July 2019,	condi	,tional upon
						a	chiev	ement	of key proj	ect mi	lestones.
						•	60,00	0 Unq	uoted Op	tions,	with a nil
							xercise price		expiring 14 Jun		e 2019
						•5	96261 Unq		,uoted Options		.with a nil
						e	,xercise pric		,e, expiring 1		July 2022,
						v	esting on 1hit		July 2020, condif k t		tional uponilt
						acevemen o ey projec mesoneslinked 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,commencementofcommercialproduction at Chilalo and share priceperformanceIndirect•481,444 Shares
Class						Unquoted Options
Number acquired						Nil
Number disposed						Direct– 715,000 Unquoted Options lapsed unvested – 316,363 Unquoted Options lapsed unvested
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation						N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct
	•	396,284 Shares
	•	596,261 Unquoted Options, with a nil
		exercise price, expiring 1 July 2022,
		vesting on 1 July 2020, conditional upon
		achievement of key project milestones
		linked to the development of the Chilalo
		Project
	•	105,455 Unquoted Options, with a nil
		exercise price, expiring 1 July 2021,
	•	580,000 Unquoted Options with a nil
		exercise price, expiring 1 July 2023,
		vesting on 1 July 2021, conditional upon
		completion of offtake arrangements,
		commencementofcommercial
		production at Chilalo and share price
		performance
	Indirect
	•	481,444 Shares
Nature of change	Lapse of unquoted options.
Example: on-market trade, off-market trade, exercise of options,
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
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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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.

Appendix 3Y Page 4

01/01/2011