MARVEL GOLD LIMITED — Director's Dealing 2019

Feb 25, 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	Stephen Dennis
Date of last notice	13 December 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	Direct Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Stephen Bruce Dennis & Mrs Alison Jill Dennis
Date of change	26 February 2019
No. of securities held prior to change	Direct  1,000,000 Unquoted Options exercisable at $0.20 each, expiring 9 June 2019 and subject to an escrow period to 14 June 2018.  66,666 Loyalty Options, exercisable at $0.25 each, expiring 9 June 2019.  200,000 Shares. Indirect  58,333 Loyalty Options, exercisable at $0.25 each, expiring 9 June 2019.  346,000 Shares.
Class	Shares Unquoted Options
Number acquired	Indirect: 227,799 Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	1,000,000 Unquoted Options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Shares valued at $59,000, based on the 5 day VWAP ($0.259) as at 25 February close. No cash was received as the Shares were issued pursuant to a cashless exercise of Unquoted Options in accordance with the Company’s Option Plan. On exercise of the Unquoted Options, the Company has issued the number of shares equal in value to the difference between the market price of the Shares (based on a VWAP for the 5 trading days to the exercise date) and the exercise price otherwise payable in relation to the Unquoted Options.
No. of securities held after change	Direct  66,666 Loyalty Options, exercisable at $0.25 each, expiring 9 June 2019.  200,000 Shares. Indirect  58,333 Loyalty Options, exercisable at $0.25 each, expiring 9 June 2019.  573,799 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	Exercise 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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3