ORPHEUS URANIUM LIMITED — Director's Dealing 2023

Jan 3, 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 - 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 Patrick James Dymock Elliott

Date of last notice 26 September 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		Direct and Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Indirect interestYerondaNomineesPtyLimited<Carrington Equity S/F A/C>Panstyn Investments Pty LimitedNature of interest– Controller / beneficiary
Date of change		31 December 2022
No. of securities held prior to change		Direct Interest-4,000,000 unlisted options exerciseprice $0.03, expiry date 31/12/2022-10,000,000 unlisted options exerciseprice $0.02, expiry date 11/08/2025Indirect InterestYerondaNomineesPtyLimited<Carrington Equity S/F A/C>-30,486,864 Fully Paid Ordinary SharesPanstyn Investments Pty Limited23,814,239 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Unlisted options exercise price $0.03,expiry date 31/12/2022
Number acquired		-
Number disposed		4,000,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Expiry of option without exercise orconversion.
No. of securities held after change		Direct Interest10,000,000 unlisted options exerciseprice $0.02, expiry date 11/08/2025Indirect InterestYerondaNomineesPtyLimited<Carrington Equity S/F A/C>30,486,864 Fully Paid Ordinary SharesPanstyn Investments Pty Limited23,814,239 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Expiry of option without exercise orconversion.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change	N/A

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