ASX Announcement – 23 June 2023 CHANGE OF DIRECTOR’S INTERESTS Variscan Mines Limited ("Variscan" or the "Company" or the “Group”) (ASX:VAR) advises changes to Director’s Interests for each of the Company’s directors as disclosed in the attached Appendix 3Ys, relating to the issue of ordinary shares in lieu of outstanding directors fees as approved by shareholders at the recent General Meeting. ENDS For further information: Variscan Mines Limited Stewart Dickson T: +44 (0) 7799 694195 E: stewart.dickson@variscan.com.au This announcement has been authorised for issue by Mr Mark Pitts Company Secretary, Variscan Mines Limited. Notes Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high quality strategic mineral projects. The Company has compiled a portfolio of high-impact base-metal interests in Spain, Chile and Australia. The Company’s name is derived from the Variscan orogeny which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea. ASX:VAR Web - www.variscan.com.au 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: Variscan Mines Limited ABN 16 003 254 395 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 Anthony Wehby Date of last notice 3 January 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 Nature of indirect interest (including registered holder) Direct and Indirect Note: Provide details of the circumstances giving rise to the relevant interest. Mrs Wehby is the spouse of Anthony Wehby Date of change No. of securities held prior to change 16 June 2023 Direct Mrs Rosemary A Wehby 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Indirect Mrs R Wehby 625,000 shares Class + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Ordinary Shares Appendix 3Y Change of Director’s Interest Notice Number acquired 212,260 Number disposed Value/Consideration $4,166.68 Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change Direct 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Indirect Mrs R Wehby 837,260 shares Nature of change In lieu of directors fees Example: on-market trade, off-market trade, exercise of options, issue of securities under 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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. 01/01/2011 Appendix 3Y Page 3 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: Variscan Mines Limited ABN 16 003 254 395 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 Stewart Dickson Date of last notice 3 January 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 Nature of indirect interest (including registered holder) Indirect Note: Provide details of the circumstances giving rise to the relevant interest. Mr Dickson has a relevant interest in securities held by FELDI Limited Date of change 16 June 2023 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 FELDI Limited Appendix 3Y Change of Director’s Interest Notice No. of securities held prior to change Indirect FELDI Limited 7,330,772 shares 1,000,000 unlisted Options exercisable at $0.055 on or before 30 November 2023 1,000,000 unlisted Options exercisable at $0.065 on or before 30 November 2023 1,000,000 unlisted Options exercisable at $0.080 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.095 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.010 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.011 on or before 30 November 2023 1,250,000 tranche A Performance rights – Vesting on 30 November 2021, expiring on 30 November 2023 1,250,000 tranche B Performance rights – Vesting on 30 November 2022, expiring on 30 November 2023 1,000,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Class Number acquired Number disposed Value/Consideration Ordinary Shares 2,406,420 $57,773.32 Note: If consideration is non-cash, provide details and estimated valuation + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice No. of securities held after change Indirect FELDI Limited 9,737,192 shares 1,000,000 unlisted Options exercisable at $0.055 on or before 30 November 2023 1,000,000 unlisted Options exercisable at $0.065 on or before 30 November 2023 1,000,000 unlisted Options exercisable at $0.080 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.095 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.010 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.011 on or before 30 November 2023 1,250,000 tranche A Performance rights – Vesting on 30 November 2021, expiring on 30 November 2023 1,250,000 tranche B Performance rights – Vesting on 30 November 2022, expiring on 30 November 2023 1,000,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Nature of change In lieu of directors fees Example: on-market trade, off-market trade, exercise of options, issue of securities under 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 Nature of interest Name of registered holder (if issued securities) Date of change + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If 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 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 4 01/01/2011 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: Variscan Mines Limited ABN: 16 003 254 395 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 Nicholas Farr-Jones Date of last notice 3 January 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 Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change No. of securities held prior to change 16 June 2023 1,135,544 ordinary shares 250,000 unlisted Options exercisable at $0.095 on or before 30 November 2023 250,000 unlisted Options exercisable at $0.010 on or before 30 November 2023 250,000 unlisted Options exercisable at $0.011 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Class Number acquired Number disposed + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Ordinary Shares 152,827 - Appendix 3Y Change of Director’s Interest Notice Value/Consideration $3,000 Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change 1,288,371 ordinary shares 250,000 unlisted Options exercisable at $0.095 on or before 30 November 2023 250,000 unlisted Options exercisable at $0.010 on or before 30 November 2023 250,000 unlisted Options exercisable at $0.011 on or before 30 November 2023 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Nature of change In lieu of directors fees Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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 interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If 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 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 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: Variscan Mines Limited ABN 16 003 254 395 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 Frank Bierlein Date of last notice 3 January 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 Nature of indirect interest (including registered holder) Direct N/A Note: Provide details of the circumstances giving rise to the relevant interest. Date of change No. of securities held prior to change 16 June 2023 Direct 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Class Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Ordinary Shares 152,827 $3,000 Appendix 3Y Change of Director’s Interest Notice No. of securities held after change Direct 152,827 Ordinary Shares 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Nature of change In lieu of directors fees Example: on-market trade, off-market trade, exercise of options, issue of securities under 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If 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 above N/A traded during a +closed period where prior written clearance was required? + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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