Elixir Energy : Appendix 3Y RC

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	ELIXIR ENERGY LIMITED
ABN	51 108 230 995

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

Date of last notice

Richard Cottee

27 November 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

Nature of indirect interest (including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Direct and indirect

Indirect interest by virtue of being a beneficiary of Mamdal Superannuation Pty Ltd.

Date of change	14 December 2020
	18 December 2020

No. of securities held prior to change

Note: The Company undertook a 1:25 share consolidation which became effective 18 August 2016 and these numbers reflect that consolidation

Class

Number acquired

Number disposed

Indirect Interests

1. 12,730,838 Ordinary Shares
2. 56,662 Listed Options (100% vested)
3. 7,500,000 Class C Performance Rights

Direct Interests

Nil

1. Ordinary Shares
2. Listed Options
3. Class C Performance Rights

56,662 Ordinary Shares

56,662 Listed Options exercised

35,260 Ordinary Shares

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

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

No. of securities held after change

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 of shares on the exercise of Listed Options (EXROA) at $0.0679 per security and sale of Ordinary Share on market at $0.1150.

Indirect Interests

1. 12,752,240 Ordinary Shares
2. nil Listed Options
3. 7,500,000 Class C Performance Rights

Direct Interests

nil

Issued of shares on the exercise of Listed Options (EXROA) at $0.0679 per security and sale of shares on market.

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 interest related prior to change	N/A

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 above	N/A
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.

Appendix 3Y Page 2

01/01/2011