RESOLUTION MINERALS LTD — Director's Dealing 2017

Nov 9, 2017

ASX Release 10 November 2017

Change of Director's Interest Notice

Northern Cobalt Limited advises that an updated Appendix 3Y has been lodged for Chairman Len Dean. The original director interest notice inadvertently omitted the Chairman's support of the Company's Initial Public Offering (IPO) and did not disclose his investment of $20,000.00 in the IPO. Mr Dean's director interest notice now discloses an additional 100,000 quoted shares and 50,000 quoted options that were issued under the IPO prospectus.

Northern Cobalt confirms that the Company has effective systems and processes in place to manage disclosure of director interests.

An updated Appendix 3Y for Len Dean is attached to this announcement.

For further information please contact:

Michael Schwarz, Managing Director, Northern Cobalt Ltd M: +61 402 101 790 E: mschwarz@northerncobalt.com.au

Northern Cobalt Ltd ACN 617 789 732

ASX Code(s) Fully Paid Shares: N27 Options: N27O

Share Price $AUD 0.575

Market Capitalisation $AUD 20.6 M

Capital Structure

Ordinary Shares Issued 36.0 M Options Listed 10.4 M @20c Unlisted 12.3 M @25c Performance Shares Class A 9.6 M Class B 3.6 M

Substantial Holder(s) 13.7% Coolabah Group 5.8% PAC Partners

Last Capital Raise 20 Sept 2017 $4.2M @ 20c (IPO)

Board

Len Dean - Chair Michael Schwarz - MD Duncan Chessell - NED Andrew Shearer - NED Jarek Kopias – Co Sec

Address

67 Goodwood Road Wayville SA 5034 (South Australia)

Contact Michael Schwarz 0402 101 790 Managing Director

Website northerncobalt.com.au

About Northern Cobalt Ltd

Northern Cobalt Ltd is an emerging resource company engaged in the acquisition, exploration and development of cobalt mineral projects. The company is led by an experienced and diverse board of directors and management team with proven success in corporate finance, operational management, engineering and exploration project management. Their combined experience and commitment provides Northern Cobalt with the tools to capitalise on the growing demands of the cobalt and energy storage markets.

Cobalt Sector

Cobalt is an important metal used in the production of batteries and is favoured in end uses such as electric vehicles and mobile phones. The price of Cobalt has doubled over the last 12 months (referencewww.infomine.com). Cobalt demand continues to be tipped as the driver for the cobalt sector as supply remains constrained.

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	Northern Cobalt Limited
ABN	99 617 789 732

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	Leonard (Len) DEAN
Date of last notice	20 September 2017

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change	Mr Leonard Dean and Mrs Carolyn Dean<la &="" a="" c="" ca="" dean="" super="">.Mr Dean is a trustee and beneficiary ofthe super fund.14 September 2017
No. of securities held prior to change	100,000 Shares escrowed to 22 September2019.1,000,000 Unquoted Options
Class	Shares - fully paid ordinary shares.Quoted Options - quoted options with anexercise price of $0.20 and expiry of 14September 2019.Unquoted Options -unquoted optionswith an exercise price of $0.25 and expiryof21March2021escrowedto22September 2019.

+ See chapter 19 for defined terms.

Number acquired	100,000 Shares
	50,000 Quoted Options
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$20,000.00
No. of securities held after change	100,000 Shares escrowed to 22 September2019
	100,000 Shares
	50,000 Quoted Options
	1,000,000 Unquoted Options
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	SharesandQuotedOptionsacquiredunderprospectusaspartoftheCompany's Initial Public Offering.

+ See chapter 19 for defined terms.

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	Not applicable
Nature of interest
Name of registered holder(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	Not applicable
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.