SUPERIOR RESOURCES LIMITED — Director's Dealing 2017

Dec 14, 2017

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	SUPERIOR RESOURCES LIMITED
ABN	72 112 844 407

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	CARLOS ALBERTO FERNICOLA
Date of last notice	5 June 2017

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	14 December 2017
No. of securities held prior to change	Carlos & Kerrie Fernicola13,211,000 ordinary shares fully Paid1,875,000 optionsCapital Financial Advisers Pty Ltd8,088,693 ordinary shares fully Paid1,875,000 optionsCarlos Fernicola & Co Pty Ltd2,200,307 ordinary shares fully Paid
Class	Ordinary shares fully paidUnlisted Options exercise price 0.03expiry 30 June 2019
Number acquired	5,000,000 ordinary fully paid shares

+ See chapter 19 for defined terms.

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$43,176.00
No. of securities held after change	Carlos & Kerrie Fernicola
	13,211,000 ordinary shares fully Paid
	1,875,000 options
	Capital Financial Advisers Pty Ltd
	8,088,693 ordinary shares fully Paid
	1,875,000 options
	Carlos Fernicola & Co Pty Ltd
	7,200,307 ordinary shares fully Paid
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of Shares in Lieu of directors feesapproved at the Annual General meetingon 28 November 2017.

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

+ See chapter 19 for defined terms.

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.