SUNSHINE METALS LIMITED — Director's Dealing 2021

Jan 14, 2021

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 Sunshine Gold Limited ABN 12 063 388 821

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	Leslie Brian Davis
Date of last notice	24 November 2020

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.

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Direct or indirect interest Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 14 January 2021
No. of securities held prior to change
22,000,000 - Fully Paid Ordinary Shares Leslie Brian Davis & Annette Fay Davis
10,000,000 - Options exercisable at $0.03
expiring 30 September 2025
25,000,000 - Fully Paid Ordinary Deferred
Shares issued no later than three years
from 24 November 2020
3,000,000 - Performance Rights expiring Leslie Brian Davis
30 September 2023
Class Fully Paid Ordinary Shares
Number acquired 400,000
Number disposed Nil
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• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$24,061.80
No. of securities held after change 22,400,000 - Fully Paid Ordinary Shares 10,000,000 - Options exercisable at $0.03 expiring 30 September 2025 25,000,000 - Fully Paid Ordinary Deferred Shares issued no later than three years from 24 November 2020 3,000,000 - Performance Rights expiring 30 September 2023	Leslie Brian Davis & Annette Fay Davis Leslie Brian Davis
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 transaction

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.

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Detail of contract Not applicable
Nature of interest Not applicable
Name of registered holder Not applicable
(if issued securities)
Date of change Not applicable
No. and class of securities to which Not applicable
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired Not applicable
Interest disposed Not applicable
Value/Consideration Not applicable
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change Not applicable
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Yes above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade Yes to proceed during this period? If prior written clearance was provided, on what date was this 12 January 2021 provided?

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 3