RAPTOR METALS LTD — Director's Dealing 2023

Jun 19, 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 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	9 May 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Not Applicable
Date of change	19June 2023
No. of securities held prior tochange	Equity Security	Number
	Ordinary fully paid shares	110,000
	Unlisted Options1exercise price $0.30expiry 7 December 20252	1,000,000
Class	Ordinaryfully paid shares(Shares)
	Unlisted Options exerciseprice $0.10 expiry9June 2026

1 Unlisted Options means options that are not quoted or listed on a securities exchange, each providing the right for the holder to elect to be issued one Share upon payment of the exercise price. 2 Vesting:

• (a) 333,333 Options were issued on 17 December 2022 and vested on 17 December 2022;

• (b) 333,333 Options were issued on 17 December 2022 and vest 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;

• (c) 333,334 Options were issued on 17 December 2022 and vest 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 issued.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	Equity Security	Number
	Shares	55,000
	Unlisted Options exercise price$0.10 expiry9June 2026	27,500
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$0.05 each Share
No. of securities held after change	Equity Security	Number
	Ordinary fully paid shares	165,000
	Unlisted Options exercise price$0.30 expiry 7 December 2025	1,000,000
	Unlisted Options exercise price$0.10 expiry 9 June 2026	27,500
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Issue of Equity Securities under a non-renounceablerights issue. Refer Prospectus dated 5 May 2023(ASX: EMS 5 May 2023 “Entitlement IssueProspectus”)

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(if issued securities)	Not applicable
**Date of change **	Not applicable
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation to which the interest haschanged	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimated 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 periodwhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	Not applicable
If prior written clearance was provided, on whatdate was thisprovided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011