Sarama Resources Ltd. — Director's Dealing 2023

Dec 3, 2023

Appendix 3Y Change of Director’s Interest Notice

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 Andrew Dinning

Date of last notice 21 June 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	Direct(1). Indirect(2),(3),(4)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	AD Capital Investment Trust(2) (Mr Dinning is a Director and Beneficiary) BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd (3) (Mr Dinning is the beneficiary of this shareholding as part of his super fund) Miss Nina Solder(4) (Mr Dinning has non beneficial interest with ability to control
Date of change	28 November 2023

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	• 3,119,942 ordinary shares(1) • 916,668 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) • 766,666 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) • 1,916,666 unquoted options exercisable at A$0.16 each on or before 20 April 2026(1) • 1,323,333 ordinary shares(2) • 325,000 CDIs(2) • 100,000 unquoted options exercisable at A$0.15 each on or before 21 June 2026(2) • 385,243 CDIs(3)
Class	• Ordinary Shares – Each Chess Depositary Interest (CDI) represents a beneficial interest in 1 ordinary share • Unquoted Options
Number acquired	385,243
Number disposed	385,243
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$6,513
No. of securities held after change	• 3,119,942 ordinary shares(1) • 916,668 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) • 766,666 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) • 1,916,666 unquoted options exercisable at A$0.16 each on or before 20 April 2026(1) • 1,323,333 ordinary shares(2) • 325,000 CDIs(2) • 100,000 unquoted options exercisable at A$0.15 each on or before 21 June 2026(2) • 385,243 CDIs(4)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market sale

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

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?	No
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.

01/01/2011

Appendix 3Y Page 3