SUNSHINE METALS LIMITED — Director's Dealing 2023

Jul 6, 2023

Appendix 3Y

Rule 3.19A.2

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 Metals 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	Paul Ian Chapman
Date of last notice	2 December 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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Stone Poneys Nominees Pty Ltd - Director,Shareholder and Beneficiary
Date of change	7 July 2023
No. of securities held prior to changeIndirect44,455,000 - Fully Paid Ordinary Shares6,600,000 - Options exercisable at $0.03expiring 30 September 202512,500,000 - Fully Paid Ordinary DeferredShares2,000,000 - Performance Rights expiring30 September 2023	Stone Poneys Nominees Pty Ltd
Class	Fully Paid Ordinary SharesOptions exercisable at $0.0225 expiring 30 June2027

+ See chapter 19 for defined terms.

Number acquired10,000,000 Fully Paid Ordinary Shares4,000,000 Options exercisable at $0.0225	Stone Poneys Nominees Pty LtdPaul Ian Chapman
expiring 30 June 2027Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$150,000 - Fully Paid Ordinary Shares
No. of securities held after changeIndirect
54,455,000 - Fully Paid Ordinary Shares6,600,000 - Options exercisable at $0.03expiring 30 September 202512,500,000 - Fully Paid Ordinary DeferredShares	Stone Poneys Nominees Pty Ltd
2,000,000 - Performance Rights expiring30 September 2023
Direct4,000,000 Options exercisable at $0.0225expiring 30 June 2027	Paul Ian Chapman
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of Shares and Incentive Option approved atthe General Meeting held 23 June 2023

+ See chapter 19 for defined terms.

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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in thesecurities or contractsdetailed above traded during a +closed periodwhereprior writtenclearance was required?	Not applicable
If so, was prior written clearance providedto allow thetrade to proceed during this period?	Not applicable
If prior writtenclearance was provided, on what datewas this provided?	Not applicable

+ See chapter 19 for defined terms.