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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2014

May 20, 2014

64785_rns_2014-05-20_c6b72191-9bd6-4f4b-9599-d59ab162c333.pdf

Capital/Financing Update

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MARKET RELEASE

21 May 2014

Tychean Resources Limited

TRADING HALT

The securities of Tychean Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of commencement of normal trading on Friday, 23 May 2014, or when the announcement is released to the market.

Security Code: TYK TYKO

Belinda Mai Adviser, Listings Compliance

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21 May 2014

Ms Belinda Mai Advisor, Listings Compliance ASX Compliance Pty Ltd Level 6, 20 Bridge Street SYDNEY NSW 2000

Dear Belinda

Trading Halt – Tychean Resources Limited (TYK)

Pursuant to ASX Listing Rule 17.1, we request that ASX grant a trading halt pending an announcement relating to a capital raising.

We anticipate that the trading halt will end and trading resume when details of the capital raising are announced.

The Company requests that the trading halt continue until the earlier of the commencement of normal trading on Friday, 23 May 2014 or when the capital raising announcement is released to the market.

The Company is not aware of any reason why a trading halt should not be granted.

Yours sincerely

Justin Nelson Company Secretary

Tychean Resources Limited ACN 119 031 864 | Level 3, 100 Pirie Street, Adelaide SA 5000 | Phone 61 8 7324 3195| Fax 61 8 8312 5576| Email [email protected] | web www.tycheanresources.com