AUSGOLD LIMITED — Director's Dealing 2016

Nov 15, 2016

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 Ausgold Limited ABN 67 140 164 496

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	Richard Lockwood
Date of last notice	15 September 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	14 November 2016
No. of securities held prior to change	a) 25,775,392 ordinary sharesb) 3,500,000 options exp. 31/01/2017c) 4,000,000 options exp. 30/11/2019
Class	Options exercisable at $0.08 each, expiring30/11/2020
Number acquired	4,000,000
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change a) 25,775,392 Ordinary Shares (Fully paid shares and options registered directly b) 3,500,000 options exp. 31/01/2017 in the name of Richard Lockwood) c) 4,000,000 options exp. 30/11/2019 d) 4,000,000 options exp. 30/11/2020 Nature of change Issue of options following shareholder approval Example: on-market trade, off-market trade, exercise of options, issue of at the Company’s Annual General Meeting held securities under dividend reinvestment plan, participation in buy-back 11 November 2016

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 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.

Appendix 3Y Page 2

01/01/2011