RED MOUNTAIN MINING LIMITED — Director's Dealing 2021

Dec 2, 2021

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 Red Mountain Mining Ltd
ABN 40 119 568 106

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	Lincoln Ho
Date of last notice	11 October 2021

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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	The securities areheld by Saltus CorporatePty Ltd as trustee for the LLPMH InvestmentTrust.
	Mr Hoisa director of the trustee andbeneficiary of the trust.
Date of change	3 December 2021
No. of securities held prior to change	Indirect•4,000,000 Ordinary Shares
	•10,000,000QuotedOptionsRMXOJ($0.011, expiring 2 October 2022)
	Direct•1,000,000 Fully Paid Ordinary Shares
Class	Quoted Options RMXOJ ($0.011, expiring 2October 2022)
Number acquired	333,333
Number disposed	nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Indirect•4,000,000 Ordinary Shares
	•10,000,000QuotedOptionsRMXOJ($0.011, expiring 2 October 2022)
	Direct•1,000,000 Fully Paid Ordinary Shares
	•333,333Quoted OptionsRMXOJ($0.011,expiring 2 October 2022)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	1 Bonus RMXOJoptionissued for every 3RMXOIoptionsexercised.(Approvedbyshareholders).

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	N/A
Nature of interest	N/A
Name of registeredholder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

+ See chapter 19 for defined terms.

Part 3 – +Closed period

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

+ See chapter 19 for defined terms.