Gibb River Diamonds : Change of Director's Interest Notice

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	GIBB RIVER DIAMONDS LIMITED
ABN	51 129 158 550

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 RICHARDS
Date of last notice	9 September 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	Direct and Indirect
Nature of indirect interest	Shares held by James Macarthur Richards.
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant	Shares held by Llangurig Super Pty Ltd <>
interest.	Richards Super Fund A/c>.
	Unlisted Options held by Llangurig Super Pty
	Ltd . Jim
	Richards is a beneficiary of this account.
Date of change	27 October 2020
No. of securities held prior to change	32,783,068	Ordinary fully paid shares held
		by Jim Richards.
	3,766,667	Ordinary fully paid shares held
		by Llangurig Super Pty Ltd <>
		Richards Super Fund A/c>.
	3,000,000	Unlisted	Options	expiring
		26.10.2020	exercisable at 9
		cents each, held by Llangurig
		Super Pty Ltd
		Super Fund A/c>.
Class	Shares
Number acquired	3,000,000

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

Appendix 3Y

Change of Director's Interest Notice

Number disposed	Nil
Value/Consideration	$270,000
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	32,783,068	Ordinary fully paid shares held
		by Jim Richards.
	6,766,667	Ordinary fully paid shares held
		by Llangurig Super Pty Ltd <>
		Richards Super Fund A/c>.
Nature of change	Exercise of Options at 9 cents each expiring
Example: on-market trade, off-market trade, exercise of options,	26 October 2020
issue of 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	-
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 traded	No
during a +closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed	N/A
during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011