Consolidated Zinc : Appendix 3B & Change of Director’s Interest Notice x 3

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Consolidated Zinc Limited

ABN

27 118 554 359

We (the entity) give ASX the following information.

You must complete the relevant sections (attach sheets if there is not enough space).

Performance Rights

1 +Class of +securities issued or to be issued

5,000,000

2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

Performance Rights - subject to performance based milestone:

Class A(1,666,667) - Upon the Company announcing a JORC Code 2012 compliant reserve of containing not less than 1,200,000 tonnes of mineralisation at a combined grade of at least 17% (Zn+Pb) by 30 Sept 19.

Class B(1,666,667) - Upon the commencement of construction of a mine at the Company's Plomosas Project by 30 Sept 19.

Class C(1,666,666) - Upon the Company's Shares achieving a 10 day VWAP of $0.15 or more for a period of 10 consecutive Trading Days by 30 Sept 19

1. Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid

   +securities, the amount

   outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

   Yes. Share issued once vesting conditions have been met will rank equally with existing fully paid ordinary shares.

2. Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted

   +securities?

   If the additional +securities do not rank equally, please state:

   • the date from which they do

   • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

   • the extent to which they do

     not rank equally, other than in relation to the next dividend, distribution or interest payment

     Issued as an incentive to future performance.

3. Issue price or consideration

   + See chapter 19 for defined terms.

   Appendix 3B Page 2 04/03/2013

   Incentive for future performance and to align long term objectives with shareholders.

4. Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

30 November 2016

6b The date the security holder resolution under rule 7.1A was passed

Nil

6c Number of +securities issued without security holder approval under rule 7.1

Nil

6d Number of +securities issued with security holder approval under rule 7.1A

5,000,000 approved at AGM on 30 Nov 16

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f Number of +securities issued under an exception in rule 7.2

N/A

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values.

Include the source of the VWAP calculation.

N/A

6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

7.1 capacity - 77,368,444 7.1A capacity - 37,828,257

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

14 December 2016

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and +class of all

+securities quoted on ASX (including the +securities in section 2 if applicable)

+ See chapter 19 for defined terms.

Appendix 3B Page 4 04/03/2013