S2 RESOURCES LTD — Director's Dealing 2018

Aug 14, 2018

Rule 3.19A.2

Appendix 3Y

Change of Director's InterestNotice

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 S2 Resources Ltd
ABN 16 606 128 090

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	Jeff Dowling
Date of last notice	18th October 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 Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	JP Dowling Family Trust	Starwood Holdings Pty Ltd as Trustee for the
Date of change	14th August 2018
No. of securities held prior to change	Indirect:Superannution Fund (Jeffrey)250,000	Mr Jeffrey Philip Dowling and Mrs MaryAnne Dowling as trustees for the DowlingOrdinaryFullyPaidShares
	MrSuperannution Fund (Mary)250,000	Jeffrey Philip Dowling and Mrs MaryAnne Dowling as trustees for the DowlingOrdinaryFullyPaidShares
	Starwood Holdings Pty Ltd as Trustee for the
	JP Dowling Family Trust2,500,000	Options withanexerciseprice of $0.31 and anexpiry date 14thSeptember2019
	1,000,000	Options withanexerciseprice of $0.61 and anexpiry date 6thOctober2020
	1,250,000	Options withanexerciseprice of $0.23 and anexpiry date 17th October2021

Class	Fully Paid Ordinary Listed Shares
Number acquired	200,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$22,990.33
No. of securities held after change	Indirect:Mr Jeffrey Philip Dowling and Mrs MaryAnne Dowling as trustees for the DowlingSuperannution Fund (Jeffrey)250,000OrdinaryFullyPaidShares
	Mr Jeffrey Philip Dowling and Mrs MaryAnne Dowling as trustees for the DowlingSuperannution Fund (Mary)450,000OrdinaryFullyPaidSharesStarwood Holdings Pty Ltd as Trustee for the
	JP Dowling Family Trust2,500,000Options withanexerciseprice of $0.31 and anexpiry date 14thSeptember2019
	1,000,000Options withanexerciseprice of $0.61 and anexpiry date 6thOctober2020
	1,250,000Options withanexerciseprice of $0.23 and anexpiry date 17th October2021
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On market trade

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

• See chapter 19 for defined terms.

Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

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

+ See chapter 19 for defined terms.