SUPERIOR RESOURCES LIMITED — Director's Dealing 2020

Mar 25, 2020

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	16 March 2018

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	30 June 2019 expiry of unlisted options31 August 2019 expiry of listed options20 March 2020 purchase ordinary shares
No. of securities held prior to change	Carlos & Kerrie Fernicola16,513,750 ordinary shares fully Paid1,875,000 options expiring 30/06/20191,651,375 options expiring 31/08/2019Capital Financial Advisers Pty Ltd10,110,866 ordinary shares fully Paid1,875,000 options expiring 30/06/20191,011,086 options expiring 31/08/2019Carlos Fernicola & Co Pty Ltd9,000,383 ordinary shares fully Paid900,038 options expiring 31/08/2019

+ See chapter 19 for defined terms.

Class	Ordinary shares fully paidUnlisted Options exercise price 3.0 centsexpiry 30 June 2019listed Options exercise price 1.6 centsexpiry 31 August 2019
Number acquired	375,001 ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1,125.00
No. of securities held after change	Carlos & Kerrie Fernicola16,513,750 ordinary shares fully PaidCapital Financial Advisers Pty Ltd10,110,866 ordinary shares fully PaidCarlos Fernicola & Co Pty Ltd9,375,384 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	Expiry of options exercise price 3.0 cents30 June 2019.Expiry of options exercise price 1.6 cents31 August 2019.Purchase of ordinary shares 20 March2020.

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	NIL
Nature of interest	NIL
Name of registered holder(if issued securities)	NIL

+ See chapter 19 for defined terms.

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

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.