PENINSULA ENERGY LIMITED — Director's Dealing 2022

Aug 23, 2022

Appendix 3Y

Rule 3.19A.2

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:	Peninsula Energy Limited
ABN:	67 062 409 303

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	Wayne Heili
Date of last notice	1 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Interest as a Beneficiary
Date of change	18 August 2022
No. of securities held prior to change	Wayne Heili- 5,030,602 Ordinary Fully Paid Shares- 900,000 Unlisted Options exercisable at $0.4572 on orbefore 30 November 2022.Peninsula Energy LTIP Pty Ltd ATFPeninsula Energy Limited Employee Share PlansTrust- 2,813,765 Ordinary Fully Paid Shares
Class	Ordinary Shares (Restricted Share Units)
Number acquired	1,467,188
Number disposed	555,331
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	(i)Shares Acquired - $234,750 (Based on closing priceof Peninsula shares of $0.16 per share on 18August 2022)(ii) Shares Disposed - $88,853 (Based on sale price of$0.16 per share on 18 August 2022)

+ See chapter 19 for defined terms.

No. of securities held after change	Wayne Heili- 5,942,459 Ordinary Fully Paid Shares- 900,000 Unlisted Options exercisable at $0.4572 on orbefore 30 November 2022.Peninsula Energy LTIP Pty Ltd ATFPeninsula Energy Limited Employee Share PlansTrust- 1,346,577 Ordinary Fully Paid Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	1,467,188 Restricted Share Units (RSU's) vested to MrHeili on 18 August 2022. Of these vested RSU's,911,857 shares were transferred to Mr Heili as OrdinaryFully Paid Shares and 555,331 shares were sold onmarket at $0.16 per share. The shares were sold to fundpersonal tax liabilities on vesting RSU's.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No.and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A

+ See chapter 19 for defined terms.

Interest afterchange	N/A

Part 3 – +Closed period

Were theinterests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceedduring this period?	N/A
If prior written clearance was provided,on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.