RAPTOR METALS LTD — Director's Dealing 2023

Dec 11, 2023

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 Eastern Metals Limited

ABN 29 643 902 943

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	Ian White
Date of last notice	20 June 2023

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 thecircumstances giving rise to therelevant interest.	Not Applicable
Date of change	7 December2023
No. of securities held prior tochange	Equity Security	Number
	Ordinary fully paid shares	165,000
	Unlisted Options exercise price $0.30expiry 7 December 2025	1,000,0001
	Unlisted Options exercise price $0.10expiry 9 June 2026	27,500
Class	Unlisted Options exercisable for $0.30 each during thethree (3) year period ending 7 December 2025.
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is noncash, provide details andestimated valuation	Nil

1 1,000,000 options, each providing the holder with the right to be issue one ordinary fully paid share by the Company (Options), exercisable for a three (3) year period to 7 December 2025 and for an exercise price of $0.30 each Option:

• (b) 333,333 Options vesting after the following conditions precedent:
  • (i) Ian White remains a Director until the date the Options vest; and
  • (ii) One year after the date the Options are issued; and
• (c) 333,334 Options vesting after the following conditions precedent:
  • (i) Ian White remains a Director until the date the Options vest; and
  • (ii) Two years after the date the Options are granted.

(a) 333,333 Options vested on 7 December 2022;

+ See chapter 19 for defined terms.

No. of securities held afterchange	Equity Security	Number
	Ordinary fully paid shares	165,000
	Unlisted Options exercise price $0.30expiry 7 December 2025	1,000,0002
	Unlisted Options exercise price $0.10expiry 9 June 2026	27,500
Nature of change
Example: on-market trade, offmarket trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	Vesting of 333,333 unlisted Options on 7 December 2023,as approved on 16 November 2022 by the Company'smembers.

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	None
Nature of interest	Not applicable
Name of registered holder	Not applicable
(if issued securities)
Date of change	Not applicable
No. and class of securities to which interest relatedprior to change
Note: Details are only required for a contract in relation towhich the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contractsdetailed above traded during a +closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what datewas this provided?	Not applicable

2 1,000,000 options, each providing the holder with the right to be issue one ordinary fully paid share by the Company (Options), exercisable for a three (3) year period to 7 December 2025 and for an exercise price of $0.30 each Option:

(a) 333,333 Options vested on 7 December 2022;

(b) 333,333 Options vested on 7 December 2023; and

(c) 333,334 Options vesting after the following conditions precedent:

(i) Ian White remains a Director until the date the Options vest; and

(ii) Two years after the date the Options are granted.

+ See chapter 19 for defined terms.