RAGNAR METALS LIMITED — Director's Dealing 2019

Sep 1, 2019

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Ragnar Metals Limited
ABN	12 108 560 069

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steve Formica
Date of appointment	2September 2019

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.	Number & class of Securities
Stevsand Pty Ltd (DirectorandBeneficial Owner)	3,000,000 fully paid ordinary shares
StevsandHoldingsPtyLtd<formicaHorticulturalA/C>(Directorand Beneficial Owner)</formica	1,600,000 fully paid ordinary shares
StevsandInvestmentsPtyLtd<stevenFormicaFamilyA/C>(Directorand Beneficial Owner)</steven	12,116,666fullypaidordinarysharesand3,000,000 unlisted options exercisable at $0.015on or before2 September2022.

Part 3 – 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
No. and class of securities towhich interest relates	N/A

+ See chapter 19 for defined terms.