RINCON RESOURCES LIMITED — Director's Dealing 2022

Nov 3, 2022

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	Rincon Resources Limited
ABN	54 628 003 538

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 David Lenigas

Date of last notice 13 September 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.

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----- Start of picture text ----- Direct or indirect interest DirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change 3 November 2022No. of securities held prior to change Indirect:500,000 Fully Paid Ordinary SharesClass Unlisted options with an exercise price of$0.15 expiring on 30 September 2025Number acquired 4,000,000 unlisted optionsNumber disposed N/AValue/Consideration Nil – Refer Notice of General Meeting datedNote: If consideration is non-cash, provide details and estimated valuation 21 September 2022----- End of picture text -----

• 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		Direct:4,000,000UnlistedOptionswithanexercise price of $0.15 expiring 30September 2025Indirect:500,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Issue of Options as approved byshareholders on the General Meetingdated 28 October 2022.

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.

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----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to which N/Ainterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide details andan estimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	N/A
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

Date of notice: 4 November 2022

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2