RINCON RESOURCES LIMITED — Director's Dealing 2023

May 21, 2023

Appendix 3Y

Rule 3.19A.2

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 Blair Sergeant
Date of last notice	27 February 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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Evolution Capital Partners Pty Ltd <golden Triangle A/C> - an entity related to Mr Blair Sergeant</golden
	Rio Super Pty Ltd <rio do="" grande="" norte="" sfA/C> - an entity related to Mr Blair Sergeant
Date of change	16 May 2023 and 17 May 2023

⁺ See chapter 19 for defined terms.

No. of securities held before change	Evolution Capital Partners Pty Ltd <golden< th=""></golden<>
	Triangle A/C>
	375,547 Ordinary Shares
	100,000 - Performance rights A
	200,000 - Performance rights B
	200,000 - Performance rights C
	200,000 - Performance rights D
	250,000 – Performance rights E
	250,000 – Performance rights F
	250,000 – Performance rights G
	250,000 – Performance rights H
	Rio Super Pty Ltd <rio do="" grande="" norte="" sf<="" th="">
	A/C>
	687,250 Ordinary Shares
Class	Ordinary Shares
Number acquired	Rio Super Pty Ltd <rio do="" grande="" norte="" sf<="" th="">
	A/C>
	50,000 Ordinary Shares
Number disposed	N/A
Value/Consideration	\$2,850
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Evolution Capital Partners Pty Ltd <golden< th=""></golden<>
	Triangle A/C>
	375,547 Ordinary Shares
	100,000 - Performance rights A
	200,000 - Performance rights B
	200,000 - Performance rights C
	200,000 - Performance rights D
	250,000 – Performance rights E
	250,000 – Performance rights F
	250,000 – Performance rights G
	250,000 – Performance rights H
	Rio Super Pty Ltd <rio do="" grande="" norte="" sf<="" th="">
	A/C>
	737,250 Ordinary Shares
Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy
back

⁺ 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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Date of notice: 22 May 2023

⁺ See chapter 19 for defined terms.