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DREADNOUGHT RESOURCES LTD Capital/Financing Update 2015

May 24, 2015

64785_rns_2015-05-24_3578681b-7337-4c18-8f9a-66957b07ddd1.pdf

Capital/Financing Update

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Australian Securities Exchange Announcement

25 May 2015

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

Entitlement Issue Extension

Tychean Resources Ltd (ASX: TYK) advises that an extension of ten business days will be provided for all eligible retail shareholders to participate in the accelerated non-renounceable entitlement issue announced on 6 May 2015 ( Entitlement Issue ).

Full details of the Entitlement Issue are disclosed in a supplementary prospectus dated 20 May 2015 and prospectus dated 6 May 2015.

The extended timetable for the Entitlement Issue is as follows:

EVENT DATE
Quotation of Institutional Entitlement Offer 18 May 2015
Last day to extend retail offer close date 25 May 2015
Closing Date of Retail Entitlement Offer (5:00pm Adelaide time) 12 June 2015
Announce Results of Retail Entitlement Offer 17 June 2015
Allotment of Retail Entitlement Shares 19 June 2015
Quotation of securities issued under retail offer 22 June 2015
Holding statements sent to retail holders 23 June 2015

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

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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