Sarama Resources Ltd. — Director's Dealing 2022

Nov 9, 2022

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	Sarama Resources Ltd
ARBN	143 964 649

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	Simon Jackson
Date of last notice	6 May2022

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 (1) andIndirect (2)
Nature of indirect interest(including registered holder)	Bigjac Investments Pty Ltd –Mr Jackson is a DirectorFlying Spiders Management Pty Ltd –Mr Jacksonis a
Note: Provide details of the circumstances giving riseto the relevant interest.	Director
Date of change	8 November 2022
No. of securities held prior to change	1. Direct Interest
	423,499 ordinary shares
	180,000 unquoted options exercisable C$0.21each onor before 16 January2023
	166,667unquoted options exercisable at C$0.35eachon or before 14January2024
	183,333unquoted options exercisable at C$0.20eachon or before 19January2025
	2.Indirect Interest320,000 Chess Depositary Interests(CDIs)

+ See chapter 19 for defined terms.

Class	Ordinary Shares –Each Chess DepositaryInterest(CDI)representsa beneficial interest in 1 ordinary shareUnquoted Options
Number acquired
Number disposed	100,000CDIs
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	A$10,000
No. of securities held after change	ordinary shares(1)423,499180,000 unquoted options exercisable at C$0.21each(1)on or before 16 January2023166,667unquoted options exercisable at C$0.35 each(1)on or before 14 January 2024183,333unquoted options exercisable at C$0.20 each(1)on or before 19 January 2025(2)220,000 CDIs
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the
trade to proceed during this period?
If prior written clearance was provided, on what date was
this provided?

+ See chapter 19 for defined terms.