PANTHER METALS LTD — Director's Dealing 2025

Dec 8, 2025

Appendix 3Y Change of Director’s Interest Notice

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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	PANTHER METALS LTD
ABN	27 614 676 578

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	Daniel Tuffin
Date of last notice	23 October 2025

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 (A) & Indirect (B, C & D)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	B. Bonanza Resources Pty Ltd(director & shareholder)C. Auralia Holdings No 2 Pty Ltd<AH No 2 Unit Trust A/C>(director & beneficiary)D. Tuffaco Pty Ltd ATF (director & beneficiary)
Date of change	3 December 2025 (expiry of performance rights)5 December 2025 (rights issue)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	A. 1,231,933 Fully Paid Ordinary Shares77,591 Listed Options (expiry 28 Apr 2026)87,290 Unlisted Options (expiry 24 Sept 2027)B. 2,125,000 Fully Paid Ordinary SharesC. 1,875,000 Fully Paid Ordinary Shares250,000 Listed Options (expiry 28 Apr 2026)281,250 Unlisted Options (expiry 24 Sept 2027)D. 13,691,130 Fully Paid Ordinary Shares390,625 Listed Options (expiry 28 Apr 2026)2,849,894 Unlisted Options (expiry 24 Sept 2027)2,000,000 Performance Rights (expiry 3 Dec 2025)4,300,000 Performance Rights (expiry 18 Dec 2029)
Class	Fully Paid Ordinary SharesPerformance Rights (expiry 3 Dec 2025)
Number acquired	A. 410,645 Fully Paid Ordinary SharesB. 708,334 Fully Paid Ordinary SharesC. 625,000 Fully Paid Ordinary SharesD. 4,563,769 Fully Paid Ordinary Shares
Number disposed	D. 2,000,000 Performance Rights (expiry 3 Dec 2025)
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	0.8 cents per share (rights issue)
No. of securities held after change	A. 1,642,578 Fully Paid Ordinary Shares77,591 Listed Options (expiry 28 Apr 2026)87,290 Unlisted Options (expiry 24 Sept 2027)B. 2,833,334 Fully Paid Ordinary SharesC. 2,500,000 Fully Paid Ordinary Shares250,000 Listed Options (expiry 28 Apr 2026)281,250 Unlisted Options (expiry 24 Sept 2027)D. 18,254,899 Fully Paid Ordinary Shares390,625 Listed Options (expiry 28 Apr 2026)2,849,894 Unlisted Options (expiry 24 Sept 2027)4,300,000 Performance Rights (expiry 18 Dec 2029)
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Lapse of performance rights (upon expiry)Issue of shares under rights issue

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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed 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