For personal use only

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

MinRex Resources Limited

ABN

81 151 185 867

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

George Constantine Karageorge

Date of last notice

22 December 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 (1) + (2)

Nature of indirect interest

Indirect (1)

(including registered holder)

Held by George Karageorge & Sandra

Note: Provide details of the circumstances giving rise to the relevant

Karageorge

interest.

Indirect (2)

Held by Geosan Pty Ltd < Geosan Super Fund

A/C>

Date of change

25 February 2022

No. of securities held prior to change

Indirect (1) - George Karageorge & Sandra

Karageorge

(i) 3,511,111 Fully Paid Ordinary Shares

(ii) 875,000 Unlisted Options exercisable at

$0.04 on or before 8 April 2023

(iii) 5,000,000 Performance Rights

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Class

Indirect (1)

(i) Fully Paid Ordinary Shares

(iii) Performance Rights

only

Indirect (2)

(i) Fully Paid Ordinary Shares

Number acquired

Indirect (1)

(i) 1,954,688 Fully Paid Ordinary

(i) 5,000,000 Fully Paid Ordinary

Indirect (2)

use

(i) 1,562,500 Fully Paid Ordinary

(ii) 4,000,000 Performance Rights

Number disposed

Indirect (1)

(iii) 5,000,000 Performance Rights

Value/Consideration

Indirect (1)

Note: If consideration is non-cash, provide details and estimated

(i) $0.032 per share (being the same price of

valuation

personal

December 2021 Placement)

(iii) Nil consideration - conversion of

Performance Rights into Fully Paid Ordinary

Shares

Indirect (2)

(i) $0.032 per share

(ii) Nil consideration - incentive based form of

remuneration in connection with Director role

No. of securities held after change

Indirect (1) - George Karageorge & Sandra

Karageorge

(i) 10,465,799 Fully Paid Ordinary Shares

(ii) 875,000 Unlisted Options exercisable at

$0.04 on or before 8 April 2023

Indirect (2) - Geosan Pty Ltd < Geosan

For

Super Fund>

(i) 1,562,500 Fully Paid Ordinary Shares

(ii) 4,000,000 Performance Rights

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Nature of change

Indirect (1)

Example: on-market trade, off-market trade, exercise of options, issue

(i) Fully Paid Ordinary Shares issued in lieu of

of securities under dividend reinvestment plan, participation in buy-

Consulting Fees at $0.032 per Share using the

back

same price as December 2021 Placement, and

as approved by shareholders at General

Meeting held 16 February 2022.

(iii) Conversion of Incentive Performance

Rights previously issued to Directors as part of

the remuneration packages agreed Directors,

due to vesting conditions being met and

achieved with VWAP of the Company's shares

reaching $0.052 per share over 20 consecutive

trading days on 10 January 2022.

Indirect (2)

(i) Participation of related party in December

2021 Placement, and as approved by

shareholders at General Meeting held February

2022.

(ii) Incentive Performance Rights issued to

Directors as part of incentive-based

remuneration in connection with Director's

role, and as approved by shareholders at

General Meeting held 16 February 2022.

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

N/A

Name of registered holder

N/A

(if issued securities)

Date of change

N/A

No. and class of securities to

N/A

which interest related prior to

change

Note: Details are only required for a contract in

relation to which the interest has changed

Interest acquired

N/A

Interest disposed

N/A

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Value/ConsiderationN/A

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts N/A

detailed above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to allow N/A the trade to proceed during this period?

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

For personal use only

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

MinRex Resources Limited

ABN

81 151 185 867

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

James Bahen

Date of last notice

9 October 2020

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 (1) and Indirect (2)

Nature of indirect interest

Indirect (1)

(including registered holder)

Held by Mr James Timothy Bahen <>

Note: Provide details of the circumstances giving rise to the relevant

A/C>

interest.

Indirect (2)

Held by Seamist Enterprises Pty Ltd

Date of change

25 February 2022

No. of securities held prior to change

Indirect (1) - Mr James Timothy Bahen

(i) 5,000,000 Performance Rights

(ii) 4,166,667 Fully Paid Ordinary

(iii) 1,041,667 Unlisted Options exercisable at

$0.04 on or before 8 April 2023

Indirect (2) - Seamist Enterprises Pty Ltd

(i) 8,333,333 Fully Paid Ordinary

(ii) 2,083,333 Unlisted Options exercisable at

$0.04 on or before 8 April 2023

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

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MinRex Resources Ltd. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 07:11:09 UTC.