POLYMETALS RESOURCES LTD — Director's Dealing 2023

May 1, 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 POLYMETALS RESOURCES LTD ABN 73 644 736 247

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	David William Sproule
Date of last notice	12 October 2022

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	1. Deering Nominees Pty Ltd (ACN 008
	(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
	Date of change	28 April 2023

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	No. of securities held prior to change	1. Deering Nominees Pty Ltd (ACN 008 776190) ATF the Deering Family Trust :	1. Deering Nominees Pty Ltd (ACN 008 776190) ATF the Deering Family Trust :	1. Deering Nominees Pty Ltd (ACN 008 776190) ATF the Deering Family Trust :
		21,499,848 fully paid ordinary shares
		2. Meadowhead Investments Pty Ltd (ACN003 122 870) ATF the Sproule Family
		Trust:19,997,431 fully paid ord	inary shares
		3Jane Sproule:
		. 175,050 fully paid ordina4David Sroule:	ry shares
		. p175,050 fully paid ordina	ry shares
	Class	Fully paid ordinary shares
	Number acquired	28 April 2023-1,392,677
	b did
	Numer spose	N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimated	The shares were distributed imarket)byaprivatecom	n specie (offpanywhich
	valuation	Meadowhead Investments Pty.shareholder.	Ltd (ATF) is a
	No. of securities held after change	1. Deering Nominees Pty Ltd (ACN 008 776190) ATF the Deering Family Trust :21,499,848 fully paid ordinary shares2. Meadowhead Investments Pty Ltd (ACN003 122 870) ATF the Sproule FamilyTrust:21,390,108 fully paid ordinary shares3. Jane Sproule:175,050 fully paid ordinary shares4. David Sproule:175,050 fully paid ordinary shares
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	The shares were distributed off in specie (offmarket)byaprivatecompanywhichMeadowhead Investments Pty. Ltd (ATF) is ashareholder.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 which interestrelated prior to changeNote: Details are only required for a contract in relation to which theinterest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

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 thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3