ZENITH MINERALS LIMITED — Director's Dealing 2025

Jul 16, 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 Zenith Minerals Limited ABN 96 119 397 938

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	Andrew Smith
Date of last notice	18 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	-
Date of change	11 July 2025
No. of securities held prior to change	1,000,000 ordinary shares and 5,000,000 optionsexercisable at $0.077 expiring 31 July 2027.
Class	Ordinary shares and unlisted options
Number acquired	3,189,461 ordinary shares and 142,857 optionsexercisable at $0.077 expiring 31 July 2027.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$95,683.83 for the ordinary shares. Nil foroptions.

• 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	4,189,461 ordinary shares
	142,857 options exercisable at $0.077 expiring 31
	July 2027.
	5,000,000 options exercisable at $0.077 expiring
	31 July 2027.
Nature of change	Participation in Entitlement Offer and sub-
Example: on-market trade, off-market trade, exercise of options, issue of	underwriting.
securities under dividend reinvestment plan, participation in buy-back

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	Sub-underwriting of Entitlement Issue. Refer to prospectus
	dated 16 June 2025. Issue of options is subject to
	shareholder approval.
Nature of interest	1,666,666 options exercisable at $0.077 expiring 31 July
	2027.
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	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011