S2 RESOURCES LTD — Director's Dealing 2022

Dec 1, 2022

ASX Announcement

2 December 2022

Correction to Appendix 3y

S2 Resources Ltd ("S2" or the "Company") refers to the Appendix 3Y for Mark Bennett lodged on 17 November 2022 and notes an error on this form which incorrectly noted Dr Bennett directly held 4,110,500 shares. The correct amount should have been 4,619,916 shares.

The updated correct Appendix 3Y is attached.

The Appendix 3y lodged on 17 November 2022 was inadvertently calculated on the basis of the direct shares held by Dr Bennett from the Appendix 3y lodged in November 2021, and not based on his most recent Appendix 3y lodged in May 2022. This was an administrative error and does not reflect any lack of prior disclosure.

The Company is aware of its listing rules obligations in relation to these disclosures and notes this was an administrative error.

The Company confirms that the existing current arrangements are adequate and the Company has reviewed internal procedures and does not believe that any additional steps are required to ensure accuracy and ongoing compliance with listing rules.

Yours faithfully,

Andrea Betti Company Secretary

The announcement was authorised for lodgement by Andrea Betti, Company Secretary of S2 Resources Ltd

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: S2 Resources Ltd
ABN:	18 606 128 090

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	Mark Bennett
Date of last notice	6 May 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.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Elizabeth Catherine BennettRevedor Pty Ltd
Date of change	16 November 2022
No. of securities held prior to change	Direct6,000,000 unlisted options exercisable at$0.30 and expiring 11.11.20234,000,000 unlisted options exercisable at$0.29 and expiring 11.11.20254,619,916 Fully Paid Ordinary SharesIndirectElizabeth Catherine Bennett2,000,000 unlisted options exercisable at$0.38 and expiring 16.11.2024Revedor Pty Ltd 940,868 Fully Paid Ordinary Shares
Class	Options with an exercise price of $0.20andan expiry date 21 October 2026

+ See chapter 19 for defined terms.

Number acquired	3,000,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	n/a
No. of securities held after change	Direct6,000,000 unlisted options exercisable at$0.30 and expiring 11.11.20234,000,000 unlisted options exercisable at$0.29 and expiring 11.11.20251,500,000 unlisted options exercisable at$0.20 and expiring 21.10.20264,619,916Fully Paid Ordinary SharesIndirectElizabeth Catherine Bennett2,000,000 unlisted options exercisable at$0.38 and expiring 16.11.20241,500,000 unlisted options exercisable at$0.20 and expiring 21.10.2026Revedor Pty Ltd 940,868 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of options following shareholderapprovalthattheAGMheldon16November 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.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	n/a

+ See chapter 19 for defined terms.

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 detailedabove traded during a +closed periodwhere prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

+ See chapter 19 for defined terms.