MATSA RESOURCES LIMITED — Director's Dealing 2025

Nov 23, 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	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	Direct and Indirect
Nature of indirect interest	Sharryn Chapman (spouse)
(including registered holder)	Shazand Pty Ltd (Chapman Family
Note: Provide details of the circumstances giving rise to the relevantinterest.	Superannuation Fund)
Date of change	17thto 21stNovember 2025
No. of securities held prior to change	1,600,001 Ordinary fully paid shares
	1,500,000 Unlisted Options exercisable at
	$0.09 each expiring 30 November
	2025
	1,093,378 Unlisted Options exercisable at
	$0.05 each expiring 30 September
	2027
Class	Fully Paid Ordinary Shares
	Unlisted Options
Number acquired	1,093,378 Fully Paid Ordinary Shares
Number disposed	212,041 Fully Paid Ordinary Shares
	1,093,378 Unlisted Options exercisable at
	$0.05 each expiring 30 September
	2027

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Acquired $54,668.90Sold $22,324.51
No. of securities held after change	2,481,338 Ordinary fully paid shares1,500,000 Unlisted Options exercisable at$0.09 each expiring 30 November2025
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue	Exercise of unlisted optionsOn 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 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.

Appendix 3Y Page 2

01/01/2011