TUNGSTEN MINING NL — Director's Dealing 2021

Jan 31, 2021

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1 February 2021

ASX ANNOUNCEMENT

Change in Directors Interest

Australian tungsten developer, Tungsten Mining NL (ASX:TGN) attaches Appendix 3Y’s noting a change in Directors Interests.

-ENDS-

This ASX announcement was authorised for release by Craig Ferrier, Chief Executive Officer of Tungsten Mining NL.

For further information: Craig Ferrier Mark Pitts Chief Executive Officer Company Secretary Ph: +61 8 9486 8492 Ph: +61 8 9316 9100 E: craig.ferrier@tungstenmining.com E: mark.pitts@tungstenmining.com

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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 Tungsten Mining NL ABN 67 152 084 403

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 Kong Leng Lee

Date of last notice 2 August 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	29 January 2021
No. of securities held prior to changes	2,000,000 fully paid ordinary shares 4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020.
Class	Fully paid ordinary shares
Number acquired	4,000,000 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020. These unlisted options were exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	800,000 unlisted options exercised at $0.03 800,000 unlisted options exercised at $0.04 2,400,000 unlisted options exercised at $0.05 Total consideration $176,000
No. of securities held after change	6,000,000 fully paid ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On exercise of unlisted options

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 Tungsten Mining NL ABN 67 152 084 403

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	Chew Wai Chuen
Date of last notice	17 December 2019

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	a number of securities held in the name of HSBC (“HSBC). Mr Chuen holds a beneficial interest in HSBC Custody Nominees (Australia) Limited)
Date of change	29 January 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to changes		2,729,168 fully paid ordinary shares, consisting of: Direct 2,104,167 fully paid ordinary shares Indirect– HSBC 625,001 fully paid ordinary shares 4,000,000 unlisted options, consisting of: Direct a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020.
Class		Fully paid ordinary shares
Number acquired		Direct 4,000,000 fully paid ordinary shares on exercise of options
Number disposed	Direct 4,000,000 unlisted options, consisting of: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020. These unlisted options were exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	800,000 unlisted options exercised at $0.03 800,000 unlisted options exercised at $0.04 2,400,000 unlisted options exercised at $0.05 Total consideration $176,000
No. of securities held after change	6,729,168 fully paid ordinary shares, consisting of: Direct 6,104,167 fully paid ordinary shares Indirect– HSBC 625,001 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On exercise of unlisted options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 Tungsten Mining NL ABN 67 152 084 403

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 Gary Lyons

Date of last notice 2 August 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	Direct and indirect	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Gary Lyons & Ms Tatjana Cusmano (Lyons Super Fund A/C). Mr Lyons is a beneficiary
Date of change	29 January 2021
No. of securities held prior to changes		Direct 4,000,000 fully paid ordinary shares Indirect– Lyons Super Fund 4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020.
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		Indirect– Lyons Super Fund 4,000,000 fully paid ordinaryshares
Number disposed	Indirect– Lyons Super Fund 4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020. These unlisted options were exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	800,000 unlisted options exercised at $0.03 800,000 unlisted options exercised at $0.04 2,400,000 unlisted options exercised at $0.05 Total consideration $176,000
No. of securities held after change	8,000,000 fully paid ordinary shares, consisting of: Direct 4,000,000 fully paid ordinary shares Indirect– Lyons Super Fund 4,000,000 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On exercise of unlisted options

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 Tungsten Mining NL ABN 67 152 084 403

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 Teck Siong Wong

Date of last notice 2 August 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	29 January 2021
No. of securities held prior to changes	2,000,000 fully paid ordinary shares 4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03 , expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020.
Class	Fully paid ordinary shares
Number acquired	4,000,000 fully paid ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	4,000,000 unlisted options: a) 800,000 unlisted options vested on grant, exercisable at $0.03, expiring 23 December 2020, b) 800,000 unlisted options, vested 23 December 2017, exercisable at $0.04, expiring 23 December 2020, c) 2,400,000 unlisted options, vesting 23 December 2018, exercisable at $0.05, expiring 23 December 2020. These unlisted options were exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	800,000 unlisted options exercised at $0.03 800,000 unlisted options exercised at $0.04 2,400,000 unlisted options exercised at $0.05 Total consideration $176,000
No. of securities held after change	6,000,000 fully paid ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On exercise of unlisted options

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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About Tungsten Mining

Australian tungsten developer, Tungsten Mining NL is an Australian based resources company listed on the Australian Securities Exchange. The Company’s prime focus is the exploration and development of tungsten projects in Australia.

Tungsten (chemical symbol W), occurs naturally on Earth, not in its pure form but as a constituent of other minerals, only two of which support commercial extraction and processing - wolframite ((Fe, Mn) WO4) and scheelite (CaWO4).

Tungsten has the highest melting point of all elements except carbon – around 3400°C giving it excellent high temperature mechanical properties and the lowest expansion coefficient of all metals. Tungsten is a metal of considerable strategic importance, essential to modern industrial development (across aerospace and defence, electronics, automotive, extractive and construction sectors) with uses in cemented carbides, high-speed steels and super alloys, tungsten mill products and chemicals.

Through exploration and acquisition, the Company has established a globally significant tungsten resource inventory in its portfolio of advanced mineral projects across Australia. This provides the platform for the Company to become a major player within the global primary tungsten market through the development of lowcost tungsten concentrate production.

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