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DEEP YELLOW LIMITED Major Shareholding Notification 2016

Jul 11, 2016

64808_rns_2016-07-11_b82c74be-53d8-4f0a-93cf-8f0d6e144598.pdf

Major Shareholding Notification

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ASX Announcement

ASX: DYL

12 July 2016

CHANGE IN SUBSTANTIAL HOLDING

Deep Yellow Limited (ASX: DYL, Deep Yellow or the Company) attaches for immediate release a Change in Substantial Holder Notice (Form 604) received from Paladin Energy Ltd.

For further information on the Company and its projects - visit the website at www.deepyellow.com.au

About Deep Yellow Limited

Deep Yellow Limited is an ASX-listed, Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange. Deep Yellow’s operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd.

The Company is currently conducting metallurgical testwork and evaluating fast track development options for its Tumas/Tubas surficial calcrete palaeochannel deposits which are amenable to various physical beneficiation and upgrading techniques that have been successfully tested over the last four years.

Deep Yellow also holds the Omahola Open Pit Alaskite Heap Leach Project on which value engineering studies are being conducted to supplement the recently completed preliminary economic analysis.

Unit 1, Spectrum Building, 100-104 Railway Road, Subiaco, WA 6008 Tel: 61 8 9286 6999 / Fax: 61 8 9286 6969 / ABN 97 006 391 948 Email: [email protected] / Website: www.deepyellow.com.au

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