PATAGONIA LITHIUM LTD — Director's Dealing 2023

Sep 17, 2023

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	Patagonia Lithium Ltd
ABN	37 654 004 403

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	Phillip THOMAS
Date of last notice	8 June 2023

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Gurtan Pty Ltd (Gurtan)Mr Thomas is thesole director andshareholder of the holder.
Date of change	14 September 2023
No. of securities held prior to change	1,500,000 Options held directly1,050,000 Shares held by Gurtan
Class	Shares - fully paid ordinary shares.Options-unquoted optionswithanexercise price of $0.27 and expiry of 5October 2025.
Number acquired	50,000 Shares by Gurtan
Number disposed	None

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$7,000.00
No. of securities held after change	1,500,000 Options held directly1,100,000 Shares held by Gurtan
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On-market purchase.

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	Not applicable
Nature ofinterest
Name of registered holder(if issued securities)
Dateof change
No. and class of securities towhichinterestrelated prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interestacquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Werethe interests in the securities or contractsdetailedabove traded during a +closed periodwhere prior writtenclearance was required?	Not applicable
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If priorwritten clearance was provided, on what datewas thisprovided?

+ See chapter 19 for defined terms.