VANADIUM RESOURCES LIMITED — Director's Dealing 2025

Jul 30, 2025

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 Vanadium Resources Limited ABN 47 618 307 887

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	Mr Jurie Hendrik Wessels
Date of last notice	28 June 2024

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 therelevant interest.	Danterne Pty Ltd(Jurie Wessels is a Director and Shareholder)
Date of change	30 July 2025
No. of securities held prior to change	Direct2,325,0000 FPO982,792 Tranche 1 Performance Rights982,791 Tranche 2 Performance Rights982,791 Tranche 3 Performance RightsIndirectDanterne Pty Ltd:45,721,437 fully paid ordinary shares
Class	Fully Paid Ordinary Shares (FPO)
Number acquired	2,797,813 (FPO)
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$78,478.65
No. of securities held after change	Direct2,325,0000 FPO982,792 Tranche 1 Performance Rights982,791 Tranche 2 Performance Rights982,791 Tranche 3 Performance RightsIndirectDanterne Pty Ltd:48,519,250 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Settlement via FPO of Convertible Loan and Interest asapproved at the General Meeting of Shareholders on 9May 2025

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	1,749,975 Options agreed to be issued to participatingnote holders pursuant to the terms of previouslyapproved Convertible Loan. Option approval received haslapsed at an earlier date for the directors than for otherparticipants and is therefore subject to renewedshareholder approval.On renewed shareholder approval a total of 1,749,975options will be issued to Mr Wessels.
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 whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change	N/A
Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?		N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?		N/A
If prior written clearance was provided, on what date wasthis provided?		N/A

• See chapter 19 for defined terms.

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