QX RESOURCES LIMITED — Director's Dealing 2016

Oct 31, 2016

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 Black Mountain Resources Limited

ABN 55 147 106 974

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 Jason Paul Brewer

Date of last notice 7 February 2012

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 relevantinterest.	JC Trust Pty Limited – J. Brewer Directorand shareholder.
Date of change	26 October 2016
No. of securities held prior to change	Nil _ Note – J. Brewer no longer has a relevant_interestin305,000shares(pre-consolidation) held by Komodo Capital PtyLtd.
Class	Fully paid ordinary shares
Number acquired	5,500,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	IssuedasConsiderationfortheassignment of African Phosphate Pty Ltd’sright to purchase 100% of the share capitalof GLF Holdings Limited and as approvedby shareholders at the General Meetingon 15 August 2016.
No. of securities held after change	JC Trust Pty Limited– J. Brewer Directorand shareholder.•5,500,000 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	IssuedasConsiderationfortheassignment of African Phosphate Pty Ltd’sright to purchase 100% of the share capitalof GLF Holdings Limited and as approvedby shareholders at the General Meetingon 15 August 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 inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance 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 wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3