MEDALLION METALS LIMITED. — Major Shareholding Notification 2021

Mar 21, 2021

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Medallion Metals Limited
ACN/ARSN	609 225 023
1. Details of substantial holder (1)
Name	Fan Rong Minerals Consulting Pty Ltd ('Fan Rong Minerals') atf Fan Rong Family Trust

The holder became a substantial holder on $16/12/2015$

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or
an associate (2) had a relevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully Paid Ordinary Shares (Shares)	15,000,000	15,000,000	8.84%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Fan Rong Minerals	Direct - s608(1)(a) Corporations Act	15,000,000 Shares
Fan Rong and Tao Li	Fan Rong - Indirect - $ss608(1)$ (b) $s(c)$ and $s608(3)$ of the Corporations Act - sole legal and beneficial shareholder of Fan Rong Minerals, and beneficiary of Fan Rong Family Trust Tao Li - Indirect - $ss608(1)$ (b) $\&(c)$ and $s608(3)$ of the Corporations Act - sole director of Fan Rong Minerals and beneficiary of Fan Rong Family Trust	15,000,000 Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Fan Rong Minerals	Fan Rong Minerals	Fan Rong Minerals	15,000,000 Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the

substantial holder became a substantial holder is as follows:

Holder of relevant interest		Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Fan Rong Minerals	16/12/2015	\$500,000		15,000,000 Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not applicable	Not applicable

7 Addresses

The addresses of persons named in this form are as follows:

Name	Address
Fan Rong Minerals, Fan Rong and Tao Li	19 Florence Avenue, Kew VIC 3101

Signature

print name	Director Fan Rong Minerals, for and on behalf of Fan Rong capacity Minerals and Fan Rong and Tao Li
sign here	date

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
manager and trustee of an equity trust), the names could be included in an ann $(1)$ group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$

• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
  acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(9)$