MINREX RESOURCES LIMITED — Director's Dealing 2023

Dec 20, 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

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Name of entity	MinRex Resources	Limited
ABN	81 151 185 867

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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.

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Name of Director	Glenn Whiddon
Date of last notice	13 September 2023

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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.

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----- Start of picture text ----- Direct or indirect interest Direct and IndirectNature of indirect interest Direct (1)(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest. Indirect (2) – Getmeoutofhere Pty Ltd<Sinking Ship Super Fund A/C>Indirect (3) MIMO Strategies Pty Ltd <MIMOA/C>Indirect (4) Nautical Holdings WA Pty Ltd<Abandon Ship Super Fund A/C>* Glenn Whiddon has no relevant interest in theshares held by Nautical Holdings WA Pty Ltd orMIMO Strategies Pty Ltd. Jane Whiddon is thecontroller of these entities. They are only includedin this notice for good corporate governancepurposes.Date of change 21 December 2023----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- No. of securities held prior to change Direct (1)Indirect (2) – Getmeoutofhere Pty Ltd<Sinking Ship Super Fund A/C>20,000,000 Fully Paid Ordinary SharesIndirect (3) MIMO Strategies Pty Ltd <MIMOA/C>1,611,468 unlisted options exercisable $0.10 expiring2 December 2024Indirect (4) Nautical Holdings WA Pty Ltd<Abandon Ship Super Fund A/C>1,368,952 unlisted options exercisable $0.10expiring 2 December 2024* Glenn Whiddon has no relevant interest in theshares held by Nautical Holdings WA Pty Ltd orMIMO Strategies Pty Ltd. Jane Whiddon is thecontroller of these entities. They are only includedin this notice for good corporate governancepurposes.Class Performance RightsNumber acquired 8,000,000Number disposed -Value/Consideration The Performance Rights were issued for nilNote: If consideration is non-cash, provide details and estimated consideration. Refer to the valuation included invaluationSchedule 3 of the Notice of Meeting dated 30October 2023.No. of securities held after change Direct (1)2,000,000 Class A Performance Rights with vestingconditions of:-The Company’s share price achieving a VWAPover 20 consecutive trading days of at least$0.025; and-25% vesting upon the holder being continuouslyengaged by the Company for 6/12/18/24 months2,000,000 Class B Performance Rights with vestingconditions of:-The Company’s share price achieving a VWAPover 20 consecutive trading days of at least $0.04;and-25% vesting upon the holder being continuouslyengaged by the Company for 6/12/18/24 months2,000,000 Class C Performance Rights with vestingconditions of:-The Company’s share price achieving a VWAPover 20 consecutive trading days of at least $0.06;and-25% vesting upon the holder being continuouslyengaged by the Company for 6/12/18/24 months2,000,000 Class D Performance Rights with vestingconditions of:-The Company’s share priceachieving a VWAPover 20 consecutive trading days of at least $0.08;----- End of picture text -----

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----- Start of picture text ----- and-25% vesting upon the holder being continuouslyengaged by the Company for 6/12/18/24 monthsIndirect (2) – Getmeoutofhere Pty Ltd<Sinking Ship Super Fund A/C>20,000,000 Fully Paid OrdinaryIndirect (3) MIMO Strategies Pty Ltd <MIMOA/C>1,611,468 unlisted options exercisable $0.10 expiring2 December 2024Indirect (4) Nautical Holdings WA Pty Ltd<Abandon Ship Super Fund A/C>1,368,952 unlisted options exercisable $0.10expiring 2 December 2024* Glenn Whiddon has no relevant interest in theshares held by Nautical Holdings WA Pty Ltd orMIMO Strategies Pty Ltd. Jane Whiddon is thecontroller of these entities. They are only includedin this notice for good corporate governancepurposes.Nature of change Performance Rights issued following shareholderExample: on-market trade, off-market trade, exercise of options, issue approval at the Annual General Meeting held on 30of securities under dividend reinvestment plan, participation in buy- November 2023.back----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

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----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

**art 3 – **+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3