Rafaella Resources : Appendix 3Y's

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Extractive Capital Pte Ltd of which Steven Turner is a director and shareholder
Date of change	28 April 2022
No. of securities held prior to change	Direct 1,125,000 Fully paid ordinary shares Indirect 5,460,012 Fully paid ordinary shares 120,000 Unquoted options exercisable at $0.20 expiring 29 October 2022 2,500,000 Unquoted options exercisable at $0.12 expiring 13 April 2024 2,400,000 Milestone 2 Performance rights
Class	Indirect Fully paid ordinary shares Free attaching unquoted options exercisable at $0.12 expiring 13 April 2024

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 Rafaella Resources Limited

ABN 49 623 130 987

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	Steven Turner
Date of last notice	19 August 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.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A

Number acquired	Indirect 1,083,332 Fully paid ordinary shares 541,666 Free attaching unquoted options exercisable at $0.12 expiring 13 April 2024
Number disposed	Indirect Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect $0.06 per share
No. of securities held after change	Direct 1,125,000 Fully paid ordinary shares Indirect 6,543,344 Fully paid ordinary shares 120,000 Unquoted options exercisable at $0.20 expiring 29 October 2022 3,041,666 Unquoted options exercisable at $0.12 expiring 13 April 2024 2,400,000 Milestone 2 Performance rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of placement shares & free attaching options as approved by shareholders at the 26 April 2022 General Meeting

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.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Kimberly Wrixon, spouse of Robert Wrixon
Date of change	28 April 2022
No. of securities held prior to change	Direct 1,231,288 Fully paid ordinary shares 750,000 Unlisted $0.20 options expiring 27 August 2022 95,238 Unquoted options exercisable at $0.20 expiring 29 October 2022 500,000 Unquoted options exercisable at $0.12 expiring 13 April 2024 250,000 Milestone 2 Performance rights Indirect 2,836,372 Fully paid ordinary shares

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 Rafaella Resources Limited

ABN 49 623 130 987

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	Robert Wrixon
Date of last notice	19 August 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.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A

Class	Direct Fully paid ordinary shares Free attaching unquoted options exercisable at $0.12 expiring 13 April 2024
Number acquired	Direct 583 334 Fully paid ordinary shares 291,667 Free attaching unquoted options exercisable at $0.12 expiring 13 April 2024
Number disposed	Direct Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Direct $0.06 per share
No. of securities held after change	Direct 1,814,622 Fully paid ordinary shares 750,000 Unlisted $0.20 options expiring 27 August 2022 95,238 Unquoted options exercisable at $0.20 expiring 29 October 2022 791,667 Unquoted options exercisable at $0.12 expiring 13 April 2024 250,000 Milestone 2 Performance rights Indirect 2,836,372 Fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of placement shares & free attaching options as approved by shareholders at the 26 April 2022 General Meeting

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.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011