TORQUE METALS LIMITED.. — Director's Dealing 2023

May 24, 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 Torque Metals Limited

ABN 44 621 122 905

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	Antony L. Lofthouse
Date of last notice	9 May 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	A. Mr. Lofthouse is a director and 50% shareholder of i. Porites Pty Ltd ii Porites Pty. Ltd. B. Mrs. H. Lofthouse (spouse)
Date of change	11 May 2023

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Porites Pty. Ltd.  300,000 Ordinary Shares  25,000 unlisted options exercisable at 30 cents on or before 28 December 2023  100,000 unlisted options exercisable at 25 cents on or before 7 May 2026 Porites Pty. Ltd.  20,000 Ordinary Shares  5,000 unlisted options exercisable at 30 cents on or before 30 November 2023 Mrs. H Lofthouse (spouse)  30,000 Ordinary Shares  15,000 unlisted options exercisable at 30 cents on or before 30 November 2023
Class
Number acquired	Porites Pty. Ltd.  50,000 Ordinary Shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$6,770
No. of securities held after change	Porites Pty. Ltd.  350,000 Ordinary Shares  25,000 unlisted options exercisable at 30 cents on or before 28 December 2023  100,000 unlisted options exercisable at 25 cents on or before 7 May 2026 Porites Pty. Ltd.  20,000 Ordinary Shares  5,000 unlisted options exercisable at 30 cents on or before 30 November 2023 Mrs. H Lofthouse (spouse)  30,000 Ordinary Shares 15,000 unlisted options exercisable at 30 cents on or before 30 November 2023

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change On Market Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? 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

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