MEDALLION METALS LIMITED. — Director's Dealing 2023

Mar 21, 2023

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: Medallion Metals Limited ABN: 89 609 225 023

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	Edmund Ainscough
Date of last notice	7 December 2022

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	Indirect
Nature of indirect interest	Nub Holdings Pty Ltd <Nub Operating
(including registered holder)	A/C>
Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Ainscough is a Director & Beneficial
	Owner
Date of change	22 March 2023
No. of securities held prior to change	Nub Holdings Pty Ltd <Nub Operating
	A/C>
	-	2,368 MM8 Ordinary Fully Paid
		Shares
	-	3,589,742 MM8 Ordinary Fully
		Paid Shares (escrowed until 22
		March 2023)
	-	450,000 MM8AC Unlisted Options
		(exercisable at $0.01 each, expiring
		15 October 2025)
	-	300,000 MM8 Unlisted Options
		(exercisable at $0.00 each, expiring
		26 November 2027)
Class	MM8 Unlisted Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	-
Number disposed	525,000 (lapsed)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Not applicable: Lapse of Unlisted Options.
No. of securities held after change	Nub Holdings Pty Ltd <Nub OperatingA/C>
	-3,592,110 MM8 Ordinary FullyPaid Shares-225,000 MM8AC Unlisted Options
	(vested and exercisable at $0.01each, expiring 15 October 2025)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	525,000 Unlisted Options have lapsedfollowing Mr Ainscough ceasing to be anEligible Participant of the MM8 IncentiveOption Plans

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

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

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3