MATSA RESOURCES LIMITED — Director's Dealing 2025

Dec 7, 2025

Appendix 3Y Change of Director’s Interest Notice

3.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 MATSA RESOURCES LIMITED ABN 48 106 732 487

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	Pascal Blampain
Date of last notice	10 September 2025

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.	Pascal Albert Blampain and Julie Blampain-Clark <The P&J Blampark A/C>
Date of change	30 November & 5 December 2025
No. of securities held prior to change	1,799,999 Fully Paid Ordinary Shares2,000,000 Unlisted Options exercisable at$0.09 each expiring 30 November2025333,333 Unlisted Options exercisable at$0.07 each expiring 31 January2026326,667 Unlisted Options exercisable at$0.05 each expiring 30 September2027
Class	Fully Paid Ordinary SharesUnlisted Options
Number acquired	2,000,000 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1,500,000 Fully Paid Ordinary Shares	1,500,000 Fully Paid Ordinary Shares
	2,000,000 Unlisted Options exercisable at
		$0.09 each expiring 30 November
		2025
Value/Consideration	Acquired	$180,000
Note: If consideration is non-cash, provide details and estimatedvaluation	Sold	$180,000
No. of securities held after change	2,299,999 Fully Paid Ordinary Shares
	333,333	Unlisted Options exercisable at
		$0.07 each expiring 31 January
		2026
	326,667	Unlisted Options exercisable at
		$0.05 each expiring 30 September
		2027
Nature of change	Exercise of options and off-market disposal of
Example: on-market trade, off-market trade, exercise of options, issue	shares
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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 thetrade to proceed during this period?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3