TRUE NORTH COPPER LIMITED — Director's Dealing 2020

Nov 9, 2020

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity: Duke Exploration Limited

ABN: 28 119 421 868

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Tokorangi Kapea
Date of appointment	11 July 2017

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

• 1,030,000 Fully Paid Ordinary Shares - escrowed until 10 November 2022

• 120,000 Fully Paid Ordinary Shares

• 62,500 Performance Rights with a nil exercise price & expiry date on 21 September 2023 - escrowed until 10 November 2022

• 494,505 Options with an exercise price of 25 cents & expiry date of 21 September 2027 - escrowed until 10 November 2022

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Tuia Group Services Limited – power to vote shares Tuia Group Services Limited – power to vote shares	Number & class of Securities 1,516,000 Fully Paid Ordinary Shares - escrowed until 10 November 2022 120,000 Fully Paid Ordinary Shares

Part 3 – 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
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002