BMG Resources : Appendix 3Y - Malcom Castle

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	MALCOLM CASTLE
Date of last notice	19 December 2016

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	Spouse of Susan Castle
(including registered holder)
Note: Provide details of the circumstances giving rise	Sole shareholder of Agricola Mining Consultants Pty
to the relevant interest.
	Ltd
Date of change	8 August 2019
No. of securities held prior to change	Direct
	• 5,457,220 Shares
	• 2,721,110 Options (BMGOA)
	Indirect (as spouse of Susan Castle)
	• 39,896 Shares
	Indirect (as sole shareholder of Agricola Mining
	Consultants Pty Ltd)
	• 542,960 Shares
Class	• Ordinary Fully Paid Shares
	• Options to acquire Shares exercisable at $0.025
	each, expiring 31 January 2022

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

Appendix 3Y

Change of Director's Interest Notice

Number acquired	Malcolm Castle
	•	1,500,000 Shares
	•	1,500,000 Options, exercisable $0.025 per
		Option, expiring 31 January 2022
Number disposed	Nil
Value/Consideration	• Shares valued at $19,500
Note: If consideration is non-cash, provide details and	• Options valued at $11,093 using Black-Scholes
estimated valuation
		valuation methodology
	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	Malcolm Castle
	• 6,957,220 Ordinary Fully Paid Shares
	•	1,500,000 Options, exercisable $0.025 per
		Option, expiring 31 January 2022
	Susan Castle
	• 39,896 Ordinary Fully Paid Shares
	Agricola Mining Consultants Pty Ltd
	• 542,960 Ordinary Fully Paid Shares
Nature of change	Issued	pursuant to Notice of General Meeting
Example: on-market trade, off-market trade, exercise of	announced on 2 July 2019, following shareholder
options, issue of securities under dividend reinvestment
plan, participation in buy-back	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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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 above	NO
traded during a +closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/A
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