PEEL MINING LIMITED — Director's Dealing 2023

Jun 28, 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	Peel Mining Limited
ABN	42 119 343 734

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	James Simpson
Date of last notice	th May 202329

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	IndirectPower to exercise, or control the exercise of, a rightto vote attached to the securities and the power todispose of, or control the exercise of a power todispose of the securities.Registered holders of indirect interestsKeronga Developments Pty LtdKeronga Park Super Fund
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.
Date of change	23rd June 2023
No. of securities held prior to change	Direct -450,000 Fully Paid Ordinary SharesIndirect – 8,250,029 Fully Paid Ordinary SharesIndirect - 6,000,000 Share OptionsIndirect - 1,500,000 Performance Rights
Class	Performance Rights
Number acquired	Nil

+ See chapter 19 for defined terms.

Number disposed	1,000,000 Performance Rights
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	N/A
No. of securities held after change	Direct -450,000 Fully Paid Ordinary SharesIndirect – 8,250,029 Fully Paid Ordinary SharesIndirect - 6,000,000 Share OptionsIndirect - 500,000 Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Lapse of performance rights issued on the 23rdDecember 2020.

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	N/A
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 towhich the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above	No
traded during a +closed periodwhere prior written clearancewas required?
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/a
If prior written clearance was provided, on what date was thisprovided?	N/a

+ See chapter 19 for defined terms.