Sarama Resources Ltd. — Director's Dealing 2023

Jun 7, 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 18 January 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)
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)
Date of change	7 June 2023
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) • 1,323,333 ordinary shares (2) • 125,000 CDIs(2) • 385,243 CDIs(3)

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Class	• Ordinary Shares – Each Chess Depositary Interest (CDI) represents a beneficial interest in 1 ordinary share • Unquoted Options
Number acquired	1,916,666 Unquoted Options
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
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) • 125,000 CDIs(2) • 385,243 CDIs(3)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options

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 in relation to which the interest has changed
Interest acquired

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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	Simon Jackson
Date of last notice	18 January 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)and Indirect(2)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bigjac Investments Pty Ltd – Mr Jackson is a Director
Date of change	7 June 2023
No. of securities held prior to change	423,499 ordinary shares(1) 166,667 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 183,333 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 220,000 CDIs(2)
Class	Ordinary Shares – Each Chess Depositary Interest (CDI) represents a beneficial interest in 1 ordinary share Unquoted Options
Number acquired	500,000 Unquoted Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	423,499 ordinary shares(1) 166,667 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 183,333 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 500,000 unquoted options exercisable at A$0.16 each on or before 20 April 2026(1) 220,000 CDIs(2)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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 Adrian Byass

Date of last notice 10 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(1)and Indirect(2)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Valiant Equity Management Pty Ltd – Mr Byass is a Director
Date of change	7 June 2023
No. of securities held prior to change	250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023(1) 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 300,000 Chess DepositaryInterests(CDIs) (2)
Class	Ordinary Shares – Each Chess Depositary Interest (CDI) represents a beneficial interest in 1 ordinary share Unquoted Options
Number acquired	300,000 Unquoted Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023(1) 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 300,000 unquoted options exercisable at A$0.16 each on or before 20 April 2026(1) 300,000 CDIs(2)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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	Steven Zaninovich
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(1)and Indirect(2),(3)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Stella Trust – Mr Zaninovich is a Director and a beneficiary of the Trust(2) Miss Isabella Zaninovich – Mr Zaninovich is a related party to Miss Zaninovich(3)
Date of change	7 June 2023
No. of securities held prior to change	250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023(1) 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 152,381 ordinary shares(2) 50,000 Chess DepositaryInterests(CDIs) (3)
Class	Ordinary Shares – Each Chess Depositary Interest (CDI) represents a beneficial interest in 1 ordinary share Unquoted Options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	300,000 Unquoted Options
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	250,000 unquoted options exercisable at C$0.24 each on or before 23 June 2023(1) 150,000 unquoted options exercisable at C$0.35 each on or before 14 January 2024(1) 120,000 unquoted options exercisable at C$0.20 each on or before 19 January 2025(1) 300,000 unquoted options exercisable at A$0.16 each on or before 20 April 2026(1) 152,381 ordinary shares(2) 50,000 CDIs(3)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Options

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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