PATERSON RESOURCES LTD — Director's Dealing 2023

Dec 26, 2023

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Matthew Bull
Date of last notice	5 December 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	n/a
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	22 December 2023
No. of securities held prior to change	10,000,001 fully paid ordinary shares
	4,000,000 Performance Rights
Class	1.	Fully Paid Ordinary Shares
	2.	UnlistedOptions(Exercisable		at
		$0.05; 24 November 2026)
	3.	Performance Rights
Number acquired	1.	9,821,429 fully paid ordinary shares
	2.	9,821,429 unlisted options exercisable
		at $0.05; expiry 24 November 2026
	3.	2,000,000Performance	Rights
		(lapsed)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	2,000,000 Performance Rights lapsed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1.Issue price of $0.028 per ordinaryshare2. N/A – free attaching options3.n/a – lapse of Performance Rights
No. of securities held after change	19,821,430 fully paid ordinary shares9,821,429 Unlisted Options (Exercisable at$0.05; 24 November 2026)2,000,000 Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	1.Participation in the February 2023placement on the same terms as allotherplacementparticipants.Approved by shareholders on 24November 20232. Issue of free attaching options to theplacementsharesapprovedbyshareholders on 24 November 20233.Lapse of Performance 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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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