VANADIUM RESOURCES LIMITED — Director's Dealing 2021

Nov 1, 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 Michael Davy
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.	Davy Corp Pty Ltd ATF Davy Investment (Michael Davy is Sole Director and Shareholder)
Date of change	1 November 2021
No. of securities held prior to change	Davy Corp Pty Ltd ATF Davy Investment: 13,474,564 Fully Paid Ordinary Shares 124,830 Unlisted Options @ $0.053c Exp 01/12/2021 1,325,000 Class A Performance Rights 1,000,000 Class B Performance Rights
Class	Fully Paid Ordinary Shares Unlisted Options
Number acquired	Davy Corp Pty Ltd ATF Davy Investment: 124,830 Fully Paid Ordinary Shares
Number disposed	Davy Corp Pty Ltd ATF Davy Investment: 124,830 Options exercised at 5.3c

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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Value/Consideration $6,615.99
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change Davy Corp Pty Ltd ATF Davy Investment:
13,599,394 Fully paid ordinary Shares
1,325,000 Class A Performance Rights
1,000,000 Class B Performance Rights
Nature of change Exercise of options.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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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.

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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
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Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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