PROSPECT RESOURCES LIMITED — Director's Dealing 2020

May 24, 2020

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 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	21 June 2019

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
Date of change	18 May 2020
No. of securities held prior to change	3,595,794 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	1,922,160 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$96,108

• 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 after change	5,517,954 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	SubscriptionofsharesundertheEntitlement Issue Prospectus dated 6April 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	Detail of contract	N/A	N/A	N/A	N/A
	Nature of interest		N/A
	Name of registere(if issued securitie	d holders)	N/A
	Date of change		N/A
	No. and class ofinterest related priNote: Details are only rrelation to which the inte	securities to whichor to changeequired for a contract inrest has changed	N/A
	Interest acquired		N/A
	Interest disposed		N/A
	Vl/Cidti		N/A
	aueonseraNote: If consideration isand an estimated valuatio	nnon-cash, provide detailsn
	Interest after chan	ge	N/A
Part 3 –+Closed
		eriod

Part 3 –[+] Closed period

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 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.

Appendix 3Y Page 2

01/01/2011