Sarama Resources : ASX - Change of Director's Interests - Andrew Dinning

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

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	Sarama Resources Ltd
ARBN	143 964 649
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 Dinning
Date of last notice		8 June 2023

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	(1),	. Indirect	(2),(3)		(2)
	Nature of indirect interest	AD Capital Investment Trust
	(including registered holder)
	Note: Provide details of the circumstances	(Mr Dinning is a Director and Beneficiary)
	giving rise to the relevant interest.	BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd
		(Mr Dinning is the beneficiary of this shareholding as
					(3)
	Date of change	part of his super fund)
		•
	No. of securities held prior to	21 June 2023	rdinary shares	(1)
	change	•	3,119,942	at C$0.35
		•	916,668 unquoted options exercisable(1)
			each on or before 14 January 2024	at C$0.20
		•	766,666 unquoted options exercisable(1)
			each on or before 19 January 2025	at A$0.16
			1,916,666 unquoted options exercisable(1)
		•	each on or before 20 April 2026
		•	1,323,333 ordinary(2)	shares
		•	125,000 CDIs			(2)
			385,243 CDIs (3)
	+ See chapter 19 for defined terms.								Appendix 3Y Page 1
01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Class	•	Ordinary Shares - Each Chess Depositary Interest
	•	(CDI) represents a beneficial interest in 1 ordinary
		share
Number acquired		Unquoted Options
			2)
			(	2)
Number disposed		1200,000 UnquotedCDIs	Options (
Value/Considerat on		N/A
Note: If consideration is non-cash, provide		A$20,000
details and estimated valuation
No. of securities held after		•	3,119,942 rdinary shares	(1)	at C$0.35
change		•
		•	916,668 unquoted options exercisable(1)
			each on or before 14 January 2024	at C$0.20
		•	766,666 unquoted options exercisable(1)
			each on or before 19 January 2025	at A$0.16
			1,916,666 unquoted options exercisable(1)
		•	each on or before 20 April 2026
		•	1,323,333 ordinary shares	(
		•	325,000 CDIs (2)
					2)	at A$0.15
			100,000 unquoted options exercisable(2)
		•	each on or before 21 June 2026
			385,243 CDIs (3)
Nature of change		Issue of securities and options as participation in a
Example: on-market trade, off-market trade,
exercise of options, issue of securities under		Private Placement announced on 3 April 2026
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

N/A

Nature of interest

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which

Note:interestDetailsrelatedare only priorrequiredtoforchangea contract in relation to which the interest has changed

+ See chapter 19 for defined terms.	01/01/2011
Appendix 3Y Page 2

Appendix 3Y

Change of Director's Interest Notice

Interest acquired

Interest disposed

Note:Value/ConsiderationIf 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
trade to proceed during this period?
If prior written clearance was provided, on what date was
this provided?

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