ORPHEUS URANIUM LIMITED — Director's Dealing 2020

Aug 16, 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 30/09/01 Amended 01/01/11

Name of entity - ARGONAUT RESOURCES NL ABN - 97 008 084 848

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 Bursill
Date of last notice	3 November 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		Direct and Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Indirect interest- BJ Retail Pty Limited<JAMSI A/C>Nature of interest– Controller / beneficiary
Date of change		14 August 2020
No. of securities held prior to change		Direct Interest-600,000 Fully Paid Ordinary SharesIndirect InterestBJ Retail Pty Limited <JAMSI A/C>-2,449,438 Fully Paid Ordinary Shares-4,000,000 unlisted options exerciseprice $0.03, expiry date 31/12/2021-4,000,000 unlisted options exerciseprice $0.03, expiry date 31/12/2022
Class		Unlisted options exercise price $0.02,expiry date 11/08/2025
Number acquired		10,000,000 unlisted options
Number disposed		-

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Nil
No. of securities held after change		Direct Interest-600,000 Fully Paid Ordinary SharesIndirect InterestBJ Retail Pty Limited <JAMSI A/C>-2,449,438 Fully Paid Ordinary Shares-4,000,000 unlisted options exerciseprice $0.03, expiry date 31/12/2021-4,000,000 unlisted options exerciseprice $0.03, expiry date 31/12/2022-10,000,000 unlisted options exerciseprice $0.02, expiry date 11/08/2025
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Directorincentiveasapprovedbyshareholders at the General Meeting heldon 11 August 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 to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3