RAPTOR METALS LTD — Director's Dealing 2023

May 8, 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 7 December 2022

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 circumstances giving rise to the relevant interest.	Not Applicable
Date of change	8 May 2023
No. of securities held prior to change	Equity Security	Number
	Unlisted Options1	1,000,000
Class	Ordinaryfully paid shares
Number acquired	110,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.055 each

• 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:

• (a) 333,333 Options to be granted and vesting within one month of approval by Shareholders (16 November 2022);

• (b) 333,333 Options to be granted within one month of approval by Shareholders and 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;

• (c) 333,334 Options to be granted within one month of approval by Shareholders and 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.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Equity Security	Number
	Ordinary fully paid shares	110,000
	Unlisted Options	1,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade

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 related prior to change Note: Details are only required for a contract in relation to which 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 an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011