QMINES LIMITED — Director's Dealing 2023

May 8, 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	QMines Limited
ABN	72 643 212 104

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	Elissa Hansen
Date of last notice	4 January 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Market Capital Group Pty Ltd The Director is a director and shareholder of the holder Beth Capital Pty Ltd The Director is a director of the trustee (holder) and beneficiary of the Trust
Date of change	8 May 2023
No. of securities held prior to change	a) 5,000 (Market Capital) b) 1,495,000 (Market Capital) c) 2,000,000 (Beth Capital)
Class	a) fully paid ordinary shares b) fully paid ordinary shares ASX escrowed for 24 months from quotation c) Performance Rights

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	a) 1,495,000 -Market Capital (Subject to voluntary escrow for 12 months) a) 1,129,984 - Beth Capital
Number disposed	b) 1,495,000 - Market Capital (class conversion only) c) 1,129,984 - Beth Capital (class conversion only)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil for the change of Share class (escrowed to QML) $0.13 per Share (on “conversion” of Performance Rights)
No. of securities held after change	a) 500,000 - Market Capital a) 1,495,000 -Market Capital (Subject to voluntary escrow for 12 months) a) 1,129,984 - Beth Capital c) 870,866 - Beth Capital
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ASX escrowed shares released from escrow at the end of the restricted period and went into voluntary escrow for a further 12 months. Performance Rights vested on achievement of vesting conditions and “converted” to fully paid ordinary shares.

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 to which the interest has changed
Interest acquired
Interest disposed

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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