PATERSON RESOURCES LTD — Director's Dealing 2020

Dec 6, 2020

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 PATERSON RESOURCES LTD ABN 45 115 593 005

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	Matthew Bull
Date of last notice	8 January 2020

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 relevant interest.	n/a
Date of change	4 December 2020
No. of securities held prior to change	50,000 Convertible Notes
Class	Fully Paid Ordinary Shares
Number acquired	50,000,000 fully paid ordinary shares (on Conversion of 50,000 Convertible Notes)
Number disposed	50,000 Convertible Notes (converted to 50,000,000 fully paid ordinary shares)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Converted at a deemed issue price of $0.001 per ordinary share
No. of securities held after change	50,000,000 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

Nature of change Conversion of Convertible Notes approved by Example: on-market trade, off-market trade, exercise of options, shareholders at the Annual General Meeting issue of securities under dividend reinvestment plan, participation in buy-back held 9 December 2019. Refer to Notice of Meeting lodged with ASX on 5 November 2019 for full terms and conditions of Convertible Notes.

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 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 in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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 trade n/a to proceed during this period? If prior written clearance was provided, on what date was this n/a provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 PATERSON RESOURCES LTD ABN 45 115 593 005

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	Nick Johansen
Date of last notice	8 January 2020

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 relevant interest.	n/a
Date of change	4 December 2020
No. of securities held prior to change	100,000 Convertible Notes
Class	Fully Paid Ordinary Shares
Number acquired	100,000,000 fully paid ordinary shares (on Conversion of 100,000 Convertible Notes)
Number disposed	100,000 Convertible Notes (converted to 100,000,000 fully paid ordinary shares)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Converted at a deemed issue price of $0.001 per ordinary share
No. of securities held after change	100,000,000 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

Nature of change Conversion of Convertible Notes approved by Example: on-market trade, off-market trade, exercise of options, shareholders at the Annual General Meeting issue of securities under dividend reinvestment plan, participation in buy-back held 9 December 2019. Refer to Notice of Meeting lodged with ASX on 5 November 2019 for full terms and conditions of Convertible Notes.

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 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 in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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 trade n/a to proceed during this period? If prior written clearance was provided, on what date was this n/a provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011