PEARL GULL IRON LIMITED — Director's Dealing 2021

Sep 19, 2021

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Pearl Gull IronLimited
ABN	621 103 535

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Russell Clark
Date of appointment	1July 2021

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Unlisted incentive options each with a nil exercise price but subject to vesting conditions (expiring on 1 June 2026 and subject to 24-month escrow from date of ASX quotation; as well as 3 years voluntary escrow from the date of issue) – 950,000

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interest
Note: Provide details of the circumstances giving riseto the relevant interest.

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Pearl Gull IronLimited
ABN	621 103 535

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jonathan Fisher
Date of appointment	1 February2021

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interestNote: Provide details of the circumstances giving riseto the relevant interest.	(a)Unlistedincentiveoptionseach with a nilexercise pricebut subject to vestingconditions(expiring on 1 June 2026 and
JWest NomineesPty Ltd	subject to 24-month escrow from date ofASXquotation;aswellas3years
Jonathan Fisheris director andshareholder of holder	voluntary escrow from the date of issue)–3,320,000

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Pearl Gull IronLimited
ABN	621 103 535

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Catherine Moises
Date of appointment	1February2021

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interest	(a)Unlistedincentiveoptionseach with a nil
Note: Provide details of the circumstances giving riseto the relevant interest.	exercise pricebut subject to vesting
	conditions(expiring on 1 June 2026 and
Tooradin Park Superannuation Pty	subject to 24-month escrow from date of
Ltd	ASXquotation;aswellas3years
	voluntary escrow from the date of issue)
Catherine Moises is director and	–470,000
shareholder of holder	(b)Ordinary Shares (with 125,000 being
	subject to 24-month escrow from date of
	ASX quotation) –625,000
	(c)Unlistedoptionseachexercisableat
	$0.30 each (expiry on 13 September
	2024 and subject to 24-month escrow
	from date of ASX quotation) –625,000

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Pearl Gull IronLimited
ABN	621 103 535

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Alex Passmore
Date of appointment	15 August 2017

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

• (a) Fully paid ordinary Shares (subject to 24-month escrow from date of ASX quotation) – 144,694
• (b) Unlisted incentive options each with a nil exercise price but subject to vesting conditions (expiring on 1 June 2026 and subject to 24-month escrow from date of ASX quotation as well as 3 years voluntary escrow from the date of issue) – 3,320,000
• (c) Unlisted options each exercisable at $0.30 each (expiry on 13 September 2024 and subject to 24-month escrow from date of ASX quotation) – 144,694

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interest
Note: Provide details of the circumstances giving riseto the relevant interest.

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

+ See chapter 19 for defined terms.