RAGNAR METALS LIMITED — Director's Dealing 2017

Oct 17, 2017

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	Ariel (Eddie) King
Date of last notice	8 May 2017

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	N/A
Date of change	17 October 2017
No. of securities held prior to change	700,000 Option 3 cents expiring 05/05/2021
Class	Ordinary Shares
Number acquired	1,500,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.01 per Share
No. of securities held after change	1,500,000 Ordinary Shares700,000 Option 3 cents expiring 05/05/2021

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Ordinary shares purchased under Prospectus dated 20June 2017 as supplemented by a SupplementaryProspectus dated 7 September 2017 and approved byShareholders at the AGM held 5 April 2017 and at asubsequent General Meeting held on 10 October2017.
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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	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	-
Interest after change	-

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	Sara Clare Kelly
Date of last notice	13 June 2017

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 & Indirect
Nature of indirect interest	Indirect
(including registered holder)	TYF Holdings Pty Ltd
Note: Provide details of the circumstances giving rise to therelevant interest.
Date of change	17 October 2017
No. of securities held prior to change	Direct
	2,000,000 Options 2 cents expiring 08/06/2021
	1,000,000 Options 3 cents expiring 08/06/2021
	Indirect
	182,666 Ordinary Shares
Class	Ordinary Shares
Number acquired	2,358,914
Number disposed	Nil
Value/Consideration	$0.01 per Share
Note: If consideration is non-cash, provide details and estimatedvaluation

+ See chapter 19 for defined terms.

No. of securities held after change	Direct2,000,000 Options 2 cents expiring 08/06/20211,000,000 Options 3 cents expiring 08/06/2021Indirect2,541,580 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Ordinary shares purchased under Prospectus dated 20June 2017 as supplemented by a SupplementaryProspectus dated 7 September 2017 and approved byShareholders at the AGM held 5 April 2017 and at asubsequent General Meeting held on 10 October2017.

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	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	-
Interest after change	-

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	Jay Stephenson
Date of last notice	19 June 2017

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 & Indirect
Nature of indirect interest	Indirect
(including registered holder)	1.Almamater Pty Ltd
Note: Provide details of the circumstances giving rise to therelevant interest.	2.Pazzia Pty Ltd
	3.Shares held by Spouse4.Vin Ethos Pty Ltd
Date of change	17 October 2017
No. of securities held prior to change	Direct
	87 Ordinary Shares
	Indirect
	1.Nil
	2.16,335 Ordinary Shares
	3.918 Ordinary Shares
	4.3,500,000 Options 3 cents expiring 05/05/2021
Class	Ordinary Shares
Number acquired	1,083,993
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/Consideration	$0.01 per Share
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Direct
	87 Ordinary Shares
	Indirect
	1.50,000 Ordinary Shares
	2.50,328 Ordinary Shares
	3.918 Ordinary Shares
	4.1,000,000 Ordinary Shares
	3,500,000 Options 3 cents expiring 05/05/2021
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Ordinary shares purchased under Prospectus dated 20June 2017 as supplemented by a SupplementaryProspectus dated 7 September 2017 and approved byShareholders at the AGM held 5 April 2017 and at asubsequent General Meeting held on 10 October2017.

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	-
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	-
Value/Consideration	-
Note: If consideration is non-cash,
providedetailsandanestimated
valuation

+ See chapter 19 for defined terms.

Interest after change	-

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above	No
traded during a +closed periodwhere prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.