VANADIUM RESOURCES LIMITED — Director's Dealing 2021

Nov 18, 2021

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 Nicolaas Phillipus Jacobus Van Der Hoven
Date of last notice	27 September 2021

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.	Kumane Investments Pty Ltd (Nicolas Phillipus Jacobus Van Der Hoven is a Director) and The Kumane Trust (Nicolaas Phillipus Jacobus Van Der Hoven is a Trustee and a Beneficiary)and The Kumane Trust is a shareholder of Kumane Investments (Pty) Ltd
Date of change	18 November 2021
No. of securities held prior to change	Kumane Investments Pty Ltd: 44,981,437 Fully Paid Ordinary Shares The Kumane Trust 1,325,000 Class A Performance Rights 1,000,000 Class B Performance Rights
Class	Fully paid Ordinary Shares Class A Performance Rights Class B Performance Rights

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	The Kumane Trust: 1,000,000 fully paid ordinary shares
Number disposed	The Kumane Trust: 1,000,000 Class B Performance Rights through conversion
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Gross proceeds of $1,000 paid on conversion of Class B Performance Rights
No. of securities held after change	Kumane Investments Pty Ltd: 44,981,437 Fully Paid Ordinary Shares The Kumane Trust 1,325,000 Class A Performance Rights 1,000,000 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	Vesting condition of Class B Performance Rights met and recipient exercised 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
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 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 Appendix 3Y Page 3