DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2014

Nov 20, 2014

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Australian Securities Exchange Announcement

21 November 2014

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Redback RC Drilling Programme Commenced

Tychean Resources Ltd (ASX: TYK) ( Tychean or Company ) is pleased to announce that it has commenced a ~3,000 metre, 20 drill hole, Reverse Circulation (RC) drilling programme at the Redback Prospect within the Company’s wholly owned Spargoville Gold Project in the Eastern Goldfields of Western Australia.

The RC drilling is designed to extend and infill the high grade Eastern Zone mineralisation which has been intersected over a collective strike extent of 100 metres.

All results from the RC drilling are expected to be received by the end of December 2014.

For further information please contact:

Mr. Joe Houldsworth	Mr. Duncan Gordon
Managing Director	Executive Director
Tychean Resources Ltd	Adelaide Equity Partners Limited
M: 0487 924 326	M: 0404 006 444

Further information relating to Tychean Resources Ltd and its various exploration projects can be found at its website: www.tycheanresources.com

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Figure 1 – Spargoville Gold Project – Prospect Location Plan

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Figure 2 – Spargoville Gold Project – Redback prospect Drilling Summary Plan

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Figure 3 – Spargoville Gold Project – Redback Prospect Longitudinal Projection

The information contained in this release that relates to exploration results, mineralisation and target generation is based on information compiled by Mr. Matthew Svensson, who is a Member of the Australasian Institute of Geologists (MAIG) and a full time employee of the Company. Mr. Svensson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Svensson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

This announcement contains previously announced exploration results.

• 02/05/2014 – Spargoville (WA) – Aircore Gold Resample Results

• 22/09/2014 – High Grade Single Metre Gold Results from Spargoville WA 13/11/2014 – High Grade Gold Results – Redback Prospect Spargoville WA

The Company is not aware of any new information or data that materially affects the information included in the current market announcement.