PACIFIC LIME AND CEMENT LIMITED — Director's Dealing 2021

Oct 21, 2021

ASX Announcement

22 October 2021

Change of Directors Interests

Atached are Appendix 3Y forms in rela�on to Mr Paul Mulder and Mr Timothy Crossley.

The changes are in rela�on to the issue of shares in lieu of a por�on of cash salary for both par�es for the quarters ending June 2021 and September 2021.

Due to an administra�ve oversight, the Appendix 3Y forms rela�ng to the issue of these shares for the quarter ended June 2021 were not lodged, and accordingly the issue of shares for both quarters has been detailed and included in the atached Appendix 3Y forms.

Procedures have been reviewed to ensure such oversight does not re-occur.

ABOUT MAYUR RESOURCES

Mayur Resources is an ASX-listed company focused on the development of natural resources in Papua New Guinea. Our diversified asset por�olio spans iron sands, lime and cement, batery minerals and power genera�on. Mayur also holds a 43% interest in copper gold explorer/developer Adyton Resources, a company listed on the TSX-V (TSXv:ADY).

Mayur's unique por�olio of projects, are strategically located in coastal loca�ons for easy development access and easy future access to sea borne markets.

The company's flagship asset is the wholly owned Central Cement and Lime Project, which is located on the coast 25km northwest of Port Moresby in PNG and was awarded a 20-year Mining Lease in August 2020. A Defini�ve Feasibility Study has been completed for the project which has a target annual output of 1.65Mt cement/clinker and 400,000t quicklime for supply to PNG, Australia and the South Pacific at much lower cost than Asian exporters. A 382Mt Maiden JORC Resource has been cer�fied across two deposits (Kido and Lea Lea) at the project site. The project's produc�on profile u�lises 30 years of resource with another 100 years of resource yet to be allocated.

Level 7, 300 Adelaide Street Brisbane Queensland 4000 Phone +61 (0)7 3157 4400

Mayur Resources Limited | ARBN 619 770 277 | ASX: MRL mayurresources.com

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	Mayur Resources Limited
ABN	619 770 277

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	Paul Mulder
Date of last notice	10 May 2021

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	16 July 2021, and 21 October 2021
No. of securities held prior to change	DirectMr Paul Levi Mulder1.– 7,393,586 fully paid ordinary shares4,500,000 long term Incentive Rights2.subject to ESOP terms and conditions(2021)674,886 Salary Sacrifice Rights3.IndirectDTJ Co Pty Ltd ACN 152 958 293 as trustee fortheDTJ Family Trust –50,000,000 fully paidordinary shares.
Class	Salary Sacrifice Rights
Number acquired	16 July 2021 – 253,45921 October 2021 – 228,004
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Non cash consideration, issued in lieu of cashsalary and as part of remuneration arrangements
No. of securities held after change	DirectMr Paul Levi Mulder1.– 7,393,586 fully paid ordinary shares4,500,000 long term Incentive Rights2.subject to ESOP terms and conditions(2021)1,156,349 Salary Sacrifice Rights3.IndirectDTJ Co Pty Ltd ACN 152 958 293 as trustee fortheDTJ Family Trust –50,000,000 fully paidordinary shares.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	SalarysacrificerightsissuedundertheCompany's employee share option plan (Plan)exercisable at nil consideration with an expiry dateof 5 years from the date of issue (SS Rights)

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 detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	No
If prior written clearance was provided, on what date wasthis provided?	N/A

+ See chapter 19 for defined terms.

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	Mayur Resources Limited
ABN	619 770 277

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	Timothy Crossley
Date of last notice	10 May 2021

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	16 July 2021, and 21 October 2021

No. of securities held prior to change	Timothy Elgon Savile Crossley-5,331,879 ordinary fully paid shares
	-4,200,000 Long Term Investment Rights 2021
	-833,681 Salary Sacrifice Rights
	Mr Timothy Crossley & Mrs Marguerite
	Darbishire & MrsJulia Macdonald-Buchanan
	-5,000 ordinary fully paid shares
	Timrach Holdings Pty Ltd ATF the
	CrossleySuperannuation Fund
	-1,125,000 ordinary fully paid shares
	Washingishu Pty Ltd ATF the Lessos Family Trust
	-108,000 ordinary fully paid shares
	Rachael Anne Crossley (Spouse)
	-7,000 ordinary fully paid shares
	Nicholas Anthony Savile Crossley (Son)
	-5,000 ordinary fully paid shares
	Annabelle Lucinda Crossley (daughter)
	-5,625 ordinary fully paid shares
Class	Salary Sacrifice Rights
Number acquired	16 July 2021 – 313,096
	21 October 2021 – 281,652
Number disposed	Nil
Value/Consideration	Non cash consideration, issued in lieu of cashsalary and as part of remuneration arrangements
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Timothy Elgon Savile Crossley
	-5,331,879 ordinary fully paid shares-4,200,000 Long Term Investment Rights 2021
	-1,428,430 Salary Sacrifice Rights
	Mr Timothy Crossley & Mrs MargueriteDarbishire & MrsJulia Macdonald-Buchanan
	-5,000 ordinary fully paid shares
	Timrach Holdings Pty Ltd ATF the
	CrossleySuperannuation Fund
	-1,125,000 ordinary fully paid shares
	Washingishu Pty Ltd ATF the Lessos Family Trust
	-108,000 ordinary fully paid shares
	Rachael Anne Crossley (Spouse)
	-7,000 ordinary fully paid shares
	Nicholas Anthony Savile Crossley (Son)
	-5,000 ordinary fully paid shares
	Annabelle Lucinda Crossley (daughter)-5,625 ordinary fully paid shares

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	SalarysacrificerightsissuedundertheCompany's employee share option plan (Plan)exercisable at nil consideration with an expiry dateof 5 years from the date of issue (SS Rights)

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 detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the	No
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.