Lion Energy : Change of Director's Interest Notice - RB

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	Lion Energy Limited
ABN	51 000 753 640

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	Russell Brimage
Date of last notice	12 June 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	Indirect
Nature of indirect interest	Registered holder: Pouvoir Pty Ltd in
(including registered holder)	which Mr Russell Brimage is a director and
Note: Provide details of the circumstances giving rise to the relevant
interest.	shareholder.
Date of change	6 July 2021 and 12 July 2021
No. of securities held prior to change	5,061,637 Ordinary Shares
Class	1.	Ordinary Shares
	2.	Quoted Options
	3.	Performance Rights
Number acquired	1.	833,334 Ordinary Shares
	2.	833,334 Quoted Options
	3.	1,500,000 Performance Rights
Number disposed	-
Value/Consideration	AU$25,000
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	1.	5,894,971 Ordinary Shares
	2.	833,334 Quoted Options
	3.	1,500,000 Performance Rights

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Nature of change	Issue of Director Placement Securities as
Example: on-market trade, off-market trade, exercise of options, issue	approved by shareholders at	the
of securities under dividend reinvestment plan, participation in buy-	Company's AGM dated 5 July 2021	at
back
	Resolution 11c and issue of Performance
	Rights as approved by shareholders at the
	Company's AGM dated 5 July 2021	at
	Resolution 8c.

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 to proceed during this period?

If prior written clearance was provided, on what date was this provided?

Date of notice: 13 July 2021.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011