RINCON RESOURCES LIMITED — Director's Dealing 2023

Oct 23, 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	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 27 July 2023

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.

==> picture [433 x 276] intentionally omitted <==

----- Start of picture text ----- Direct or indirect interest DirectNature of indirect interest N/A(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change 20 October 2023No. of securities held prior to change Direct:4,000,000 Unlisted Options with anexercise price of $0.15 expiring 30September 2025Indirect:1,045,454 Fully Paid Ordinary SharesClass Fully Paid Ordinary SharesNumber acquired 2,000,000Number disposed N/AValue/Consideration $50,000Note: If consideration is non-cash, provide details and estimatedvaluation----- End of picture text -----

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct:4,000,000 Unlisted Options with anexercisepriceof$0.15expiring30September 20252,000,000 Fully Paid Ordinary SharesIndirect:1,045,454 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, of-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Participation in Placement as announcedon 31 August 2023

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.

==> picture [433 x 280] intentionally omitted <==

----- 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 detailsand an estimated valuationInterest after change N/A----- End of picture text -----

Part 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: 24 October 2023

01/01/2011 Appendix 3Y Page 2