BMG Resources : Appendix 3Y - Bruce McCracken

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 BMG Resources Limited

ABN	96 107 118 678

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	Bruce McCracken
Date of last notice	18 December 2018

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	Bruce McCracken as trustee of the
(including registered holder)	McCracken Family Trust (of which Mr
Note: Provide details of the circumstances giving rise to the relevant
McCracken is a beneficiary)
interest.
Date of change	8 August 2019
No. of securities held prior to change	Direct
	•	180,000 fully paid ordinary shares
		(Shares).
	•	75,000 Options (BMGOA).
	Indirect (held by Bruce McCracken as
	trustee of the McCracken Family Trust of
	which Bruce McCracken is a beneficiary)
	•	19,920,042 Shares
	•	10,308,354 Options (BMGOA).

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

Appendix 3Y

Change of Director's Interest Notice

	Class	•	Shares.
			•	Performance Rights
	Number acquired	McCracken Family Trust
				Shares
				•	6,666,666
				Performance Rights
				• 10,000,000 Tranche 1 Performance
					Rights
				• 5,000,000 Tranche 2 Performance
					Rights
				• 5,000,000 Tranche 3 Performance
					Rights
			The terms and conditions of the
			Performance Rights are provided at
			Schedule 2 of the Company's Notice of
			Meeting announced to ASX on 2 July 2019
	Number disposed	Nil
	Value/Consideration		• Shares valued at $86,666
	Note: If consideration is non-cash, provide details and estimated		•	Performance Rights collectively
	valuation
					valued at $260,000
			Above values are based on a share price of
			$0.013 per share, the closing price of the
			Company's shares on the date that
			Shareholders approved the issue of the
			Interests, 2 August 2019
	No. of securities held after change		Direct
			•	180,000 fully paid	ordinary shares
				(Shares).
			Indirect (held by Bruce McCracken as
			trustee of the McCracken Family Trust of
			which Bruce McCracken is a beneficiary)
			•	26,586,708 Shares
			• 10,000,000	Tranche	1	Performance
				Rights
			•	5,000,000	Tranche	2	Performance
				Rights
			•	5,000,000	Tranche	3	Performance
				Rights
	+ See chapter 19 for defined terms.
	Appendix 3Y Page 2						01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issued pursuant to Notice of General Meeting announced on 2 July 2019, following shareholder approval.

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 which	N/A
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
Value/Consideration	N/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 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	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

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