MATSA RESOURCES LIMITED — Director's Dealing 2025

Nov 30, 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	Andrew Chapman
Date of last notice	24 November 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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Sharryn Chapman (spouse)Shazand Pty Ltd (Chapman FamilySuperannuation Fund)
Date of change	25thto 29thNovember 2025
No. of securities held prior to change	2,481,338 Ordinary fully paid shares1,500,000 Unlisted Options exercisable at$0.09 each expiring 30 November2025
Class	Fully Paid Ordinary SharesUnlisted Options
Number acquired	1,500,000 Fully Paid Ordinary Shares
Number disposed	361,338 Fully Paid Ordinary Shares1,500,000 Unlisted Options exercisable at$0.05 each expiring 30 September2027

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Acquired $90,000
Note: If consideration is non-cash, provide details and estimatedvaluation	Sold $40,606
No. of securities held after change	3,620,000 Ordinary fully paid shares
Nature of change	Exercise of unlisted options
Example: on-market trade, off-market trade, exercise of options, issue	On market trade
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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011