PACGOLD LIMITED — Director's Dealing 2022

May 18, 2022

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	PACGOLDLIMITED
ABN	30636 421 782

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	MICHAEL PITT
Date of last notice	9JULY2021

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	INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	The registered holdersare:Michael Robert Pitt .Mr Michael Robert Pitt and Mrs Rachel ElizabethPitt
	Michael Pitt is a trustee and beneficiary of bothRGR Capital Trust and RGR Family Superfund.
Date of change	16 May 2022.

+ See chapter 19 for defined terms.

No. of securities held prior to change	Michael Robert Pitt :
	200,000 fully paid ordinary shares.
	1,200,000 fully paid ordinary shares subject to 24months escrow from the date of quotation.
	300,000 unlisted options exercisable at $0.36 eachon or before 5 July 2025. The options are subjectto 24 months escrow from the date of quotation.
	300,000 unlisted options exercisable at $0.42 eachon or before 5 July 2027. The options are subjectto 24 months escrow from the date of quotation.
	Mr Michael Robert Pitt and Mrs Rachel ElizabethPitt :
	236,000 fully paid ordinary shares.
	214,000 fully paid ordinary shares subject to 24months escrow from the date of quotation.
Class	Ordinary shares
Number acquired	63,492ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.63per share

+ See chapter 19 for defined terms.

No. of securities held after change	Michael Robert Pitt :
	263,492fully paid ordinary shares.
	1,200,000fully paid ordinary shares subject to 24months escrow from the date of quotation.
	300,000 unlisted options exercisable at $0.36 eachon or before 5 July 2025. The options are subjectto 24 months escrow from the date of quotation.
	300,000 unlisted options exercisable at $0.42 eachon or before 5 July 2027. The options are subjectto 24 months escrow from the date of quotation.
	Mr Michael Robert Pitt and Mrs Rachel ElizabethPitt :
	236,000 fully paid ordinary shares.
	214,000 fully paid ordinary shares subject to 24months escrow from the date of quotation.
Nature of change	Shares issued under Entitlement Offer.
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback

+ See chapter 19 for defined terms.

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

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed periodwhere prior written clearancewas required?	No.
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.