Sarama Resources Ltd. — Director's Dealing 2022

May 5, 2022

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Sarama Resources Ltd
ARBN	143 964 649

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Dinning
Date of appointment	8 April 2010

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

• 3,119,942 ordinary shares
• 1,166,666 unquoted options exercisable at C$0.21 each on or before 16 January 2023
• 916,668 unquoted options exercisable at C$0.35 each on or before 14 January 2024
• 766,666 unquoted options exercisable at C$0.20 each on or before 19 January 2025

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interestNote: Provide details of the circumstances giving riseto the relevant interest.
AD Capital Investment Trust–MrDinningis a Directorand abeneficiaryof theTrust	•1,573,333 ordinary shares
BNP ParibasNominees Pty LtdHub24 CustodialServLtd<drpA/C> (MrDinning is the beneficiaryof this shareholding as part of hissuper fund)</drp	•385,243ChessDepositaryInterests(CDIs)

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Sarama Resources Ltd
ARBN	143 964 649

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Simon Jackson
Date of appointment	8 April 2010

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

• 423,499 ordinary shares
• 180,000 unquoted options exercisable at C$0.21 each on or before 16 January 2023
• 166,667 unquoted options exercisable at C$0.35 each on or before 14 January 2024
• 183,333 unquoted options exercisable at C$0.20 each on or before 19 January 2025

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interestNote: Provide details of the circumstances giving riseto the relevant interest.
Bigjac Investments Pty Ltd –MrJackson is a Director	•220,000ChessDepositaryInterests(CDIs)
Flying Spiders Management Pty Ltd–Mr Jackson is a Director	•100,000ChessDepositaryInterests(CDIs)

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Sarama Resources Ltd
ARBN	143 964 649

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Adrian Byass
Date of appointment	24 June 2020

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

• 250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023
• 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024
• 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interestNote: Provide details of the circumstances giving riseto the relevant interest.
Valiant Equity Management Pty Ltd–Mr Byassis a Director	•200,000ChessDepositaryInterests(CDIs)

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Sarama Resources Ltd
ARBN	143 964 649

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steven Zaninovich
Date of appointment	24 June 2020

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

• 250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023
• 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024
• 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025

+ See chapter 19 for defined terms.

registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Nameofholder&natureof	Number & class of Securities
interestNote: Provide details of the circumstances giving riseto the relevant interest.
Stella Trust–Mr Zaninovichis aDirectorand a beneficiaryof theTrust	•152,381 ordinary shares
Miss Isabella Zaninovich–MrZaninovich is a related party toMiss Zaninovich	•200,000ChessDepositaryInterests(CDIs)

Part 3 – Director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.