PROSPECT RESOURCES LIMITED — Director's Dealing 2016

Aug 30, 2016

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	Prospect Resources Limited
ABN	30 124 354 329

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	Hugh Warner
Date of last notice	6 May 2016

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.	Elliot Holdings Pty LtdH Warner & D Warner ATF CBM SuperfundAnglo Pacific Ventures Pty Ltd
Date of change	22 July 2016
No. of securities held prior to change	127,166,668 fully paid ordinary shares15,000,000 unlisted and unvested options,each exercisable at 0.5 cents per option,which vests when the 20 day VWAP of theCompany's share price is 1 cent or above,expiring on 19 November2018
Class	Unlisted options
Number acquired	35,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil–issued as part of his remuneration, andas approved by shareholders at the EGM heldon 22 July 2016

+ See chapter 19 for defined terms.

No. of securities held after change	127,166,668fully paid ordinary shares15,000,000 unlisted options, each exercisableat 0.5 cents per option, expiring on 19November2018
	35,000,000 unlisted options, each exercisableat 1.5 cents per option, expiring on 15 June2019
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issueofoptionsfollowingreceiptofshareholder approval on 22 July 2016

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 ofcontract	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
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A

+ See chapter 19 for defined terms.

If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.

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	Prospect Resources Limited
ABN	30 124 354 329

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	Duncan (Harry) Greaves
Date of last notice	16 December 2015

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.	Continental Minerals Limited, a companybasedin Zimbabwe, holding the sharesacquired on trust for Mr Greaves
Date of change	22 July 2016
No. of securities held prior to change	20,957,944 fully paid ordinary shares15,000,000 unlisted and unvested options,each exercisable at 0.5 cents per option,which vests when the 20 day VWAP of theCompany's share price is 1 cent orabove,expiring on 19 November2018
Class	Unlisted options
Number acquired	35,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil consideration –issued as part of hisremuneration,andasapprovedbyshareholders at the EGM held on 22 July2016

+ See chapter 19 for defined terms.

No. of securities held after change	20,957,944 fully paid ordinary shares
	15,000,000 unlisted options, each exercisableat 0.5 cents per option, expiring on 19November2018
	35,000,000 unlisted options, each exercisableat 1.5 cents per option, expiring on 15 June2019
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issueofoptionsfollowingreceiptofshareholder approval on 22 July 2016

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
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A

+ See chapter 19 for defined terms.

If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.

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	Prospect Resources Limited
ABN	30 124 354 329

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	Gerry Fahey
Date of last notice	16 December 2015

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.	RoxboroPtyLtdATFTheFaheySuperannuation Fund
Date of change	22 July 2016
No. of securities held prior to change	5,000,000 unlisted and unvested options,each exercisable at 0.5 cents per option,which vests when the 20 day VWAP of theCompany's share price is 1 cent or above,expiring on 19November2018
Class	Unlisted options
Number acquired	10,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil consideration –issued as part of hisremuneration,andasapprovedbyshareholders at the EGM held on 22 July2016

+ See chapter 19 for defined terms.

No. of securities held after change	5,000,000 unlisted options, each exercisableat 0.5 cents per option, expiring on 19November201810,000,000 unlisted options, each exercisableat 1.5 cents per option, expiring on 15 June2019
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issueofoptionsfollowingreceiptofshareholder approval on 22 July 2016

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 ofchange	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
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearancewas required?	N/A
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.