MINREX RESOURCES LIMITED — Director's Dealing 2020

May 3, 2020

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 30/9/2001.

Name of entity MinRex Resources Limited ABN 81 151 185 867

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	Simon Durack
Date of last notice	13 September 2017

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	DirectIndirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Indirect - held by Mr Simon Durack and Mrs Julia Durack as Trustees forthe Simon F Durack Superannuation Fund, Mr Durack’s Super Fund
Date of change	1 May 2020
No. of securities held prior tochange	Direct(i)1 Ordinary Fully Paid SharesIndirect – held by Simon F Durack Superannuation Fund(i)125,000 Ordinary Fully Paid Shares
Class	Direct(i) Ordinary Fully Paid Shares(ii) Unlisted Options exercisable at $0.04 on or before 31 October 2022Indirect(i) Ordinary Fully Paid Shares(ii) Unlisted Options exercisable at $0.04 on or before 31 October 2022

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Number acquired	Number acquired	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022	Direct(i)1 Ordinary Fully Paid Share(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect(i)125,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022
				(i)125,0(ii)31,25		00 Ordinary Fu0 Unlisted Opti	lly Paid Shareons exercisab	sle at $0.04 on		or before 31
				Octob		er 2022
	Number disposed			Nil
	Value/ConsiderationNote: If consideration is no	n-cash, provide	$	1,250.01
	details and estimated valuation
	No. of securities held afterchange		Direct(i)2 Ordinary Fully Paid Shares(ii)1 Unlisted Option exercisable at $0.04 on or before 31 October2022Indirect – held by Simon F Durack Superannuation Fund(i)250,000 Ordinary Fully Paid Shares(ii)31,250 Unlisted Options exercisable at $0.04 on or before 31October 2022
			Indirec(i)		t – held by Simon F250,000 Ordinary Fu		Durack Superannuatilly Paid Shares		on Fund
			(ii)		31,250 Unlisted OptiOctober 2022		ons exercisable at $0.0		4 on or before 3
	Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back		Pro-Rata Non-Renounceable Entitlement Issue Offer on basis of one (1)New Fully Paid Ordinary Share for every one (1) existing Shares held,together with one (1) free attaching New Unlisted Option for every four (4)New Shares issued under the Entitlement Issue as per Prospectus dated 12February 2020.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above	N/A
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

16/4/2012

Appendix 3Y Page 3