AUKING MINING LIMITED — Director's Dealing 2015

Dec 6, 2015

Chinalco Yunnan Copper Resources Limited ABN 29 070 859 522

Suite 4, Level 8, 320 Adelaide Street Brisbane QLD 4000 GPO Box 216 Brisbane QLD 4001 Tel: +61 7 3041 1306 Fax: +61 7 3010 9001

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7 December 2015

Lapse of Performance Shares

Chinalco Yunnan Copper Resources Ltd advises that all 1,000,000 Class B Performance Shares and all 1,000,000 Class C Performance Shares have now lapsed and have been cancelled.

Following the cancellation of the unlisted performance shares the only securities the company has on issue is 473,027,475 Ordinary Shares – ASX code CYU – and 2,000,000 Class D Performance Shares which automatically convert into one Share at a time when the Company achieves a positive EBITDA in respect of operations for a consecutive period of 3 months from an asset of the Company on or before 26/11/17.

Attached is an Appendix 3Y in relation to the performance share lapse for Mr Paul Williams.

Paul Marshall

Company Secretary

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	CHINALCO YUNNAN COPPER RESOURCES LIMITED
ABN	29 070 859 522

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	Paul Williams
Date of last notice	26 November 2014

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
Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Holding in own name and in name of Paul R Williams Family Trust (Director is a trustee and beneficiary of the Trust).
Date of change	6 December 2015
No. of securities held prior to change Holding in name of Paul R Williams Family Trust Holding in own name	350,000 ordinary shares 1,000,000 Class B Performance Shares 1,000,000 Class C Performance Shares 2,000,000 Class D Performance Shares Each Class B Performance Share will automatically convert into one Share upon the Market Value of the Shares being at least twenty five cents ($0.25) on or before 6/12/15. Each Class C Performance Share will automatically convert into one Share upon the Market Value of the Shares being at least fifty cents ($0.50) on or before 6/12/15.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Class D Performance Shares Each Class D Performance Share will automatically convert into one Share at a time when the Company achieves a positive EBITDA in respect of operations for a consecutive period of 3 months from an asset of the Company on or before 26/11/17.
Number acquired	Nil
Number disposed	1,000,000 Class B Performance Shares 1,000,000 Class C Performance Shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil – Lapse of Performance Shares
No. of securities held after change Holding in name of Paul R Williams Family Trust Holding in own name	350,000 ordinary shares 2,000,000 Class D Performance Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Lapse of Performance Shares

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. & 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

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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 N/A 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?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3