Resolute Mining Limited — Director's Dealing 2020

Jun 3, 2020

`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 30/9/2001.

Name of entity	RESOLUTE MINING LIMITED
ABN	39 097 088 689

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	Mr John Paul Welborn
Date of last notice	8 April 2020

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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	N/A
Date of change	1.3 June 20202.4 June 2020
No. of securities held prior to change	3,550,000 fully paid ordinary shares1,587,500 Performance Rights vesting 30 June20201,277,559 Performance Rightsvesting 30 June 2021698,690 Performance Rights vesting 31December 20211,000,000 Performance Rights vesting 30 June 20221,000,000 Performance Rights vesting 30 June 2023
Class	1.Fully paid ordinary shares2.Performance Rights –annual grant vesting date of31 December 2022
Number acquired	1.50,0002.699,688
Number disposed	N/A

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	1.$55,875 –on-market purchase2.Performance Rights represent the Long-TermIncentive component of the remuneration for MrWelborn and are issued for nil cash consideration.Vesting is subject to performance and otherconditions set out in the Company's Notice ofMeeting for the 2020 Annual General Meeting. Ifvesting conditions are satisfied, one PerformanceRight, upon vesting,is converted to one fully paidordinary share in the Company.The issue ofPerformance Rights was approved byshareholders at the Annual General Meeting heldon 21 May 2019.
No. of securities held after change	3,600,000 fully paid ordinary shares1,587,500 Performance Rights vesting 30 June 20201,277,559 Performance Rightsvesting 30 June 2021698,690 Performance Rights vesting 31December 20211,000,000 Performance Rights vesting 30 June 2022699,688 Performance Rights vesting 31 December 20221,000,000 Performance Rights vesting 30 June 2023
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	1.On-market purchase2.Issue of annual grant of Performance Rightspursuant to the 2020 Resolute Mining LimitedPerformance Rights Plan following approval byshareholders at the Annual General Meeting heldon 21 May 2020.

Part 2 – Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which interestrelated 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 details andan 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 orcontracts detailed above traded during aclosed period where prior written clearancewas required?	No
If so, was prior written clearance provided toallow the trade to proceed during thisperiod?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

+ See chapter 19 for defined terms.