VARISCAN MINES LIMITED — Director's Dealing 2025

Nov 30, 2025

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ASX Announcement | 1 December 2025

Variscan Mines Limited (ASX:VAR)

Notification of Directors Interests - Correction

Variscan Mines Limited (ASX:VAR) (“Variscan” or “the Company”) advises the correction to the Appendix 3Y ( Change of Director’s Interest Notice) lodged with the ASX earlier today, as the original did not include the freeattaching options to the placement shares acquired.

A corrected Appendix 3Y, including the issue of 6,500,000 unlisted options (exercisable at $0.008 on or before 29 September 2028), is attached.

This announcement has been approved for release by Mr Mark Pitts, Company Secretary, Variscan Mines Limited.

For further information, please contact:

Variscan Mines Limited (ASX:VAR)

Stewart Dickson

Managing Director & CEO

E: stewart.dickson@variscan.com.au

T: +44 (0) 7799 694195

Media & Investor Enquiries

Jane Morgan Management

Chloe Hayes

E: chloe@janemorganmanagement.com.au

P: +61 (0) 405 555 618

About Variscan Mines Limited (ASX:VAR)

Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. Its primary focus is the development of its advanced zinc projects in Spain. The Company’s name is derived from the Variscan orogeny, which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea.

To learn more, please visit: www.variscan.com.au

For more information

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Visit our investor website: www.variscan.com.au

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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: Variscan Mines Limited

ABN 16 003 254 395

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	Stewart Dickson
Date of last notice	24 December 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		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		FELDI Limited Mr Dickson has a relevant interest in securities held by FELDI Limited
**Date of change **		1 October 2025
No. of securities held prior to change		Indirect FELDI Limited 42,872,070 shares 4,166,667 Unlisted Options exercisable at $0.01 on or before 30 November 2026
Class		a) Ordinary Shares b)Unlisted Options exercisable at $0.008 on or before 29 September 2028
Number acquired		a) 13,000,000 b) 6,500,000
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		a) $0.005 per share b) Nil – free attaching options

• 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 after change		Indirect FELDI Limited 55,872,070 shares 4,166,667 Unlisted Options exercisable at $0.01 on or before 30 November 2026 6,500,000 Unlisted Options exercisable at $0.008 on or before 29 September 2028
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Director’s participation in share placement as approved by shareholders at the Company’s General Meeting held on 17 September 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 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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above N/A traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to N/A proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3