DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2015

Jan 20, 2015

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Australian Securities Exchange Announcement

21 January 2015

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

TYCHEAN TO RAISE $200,000 TO PROGRESS REDBACK GOLD DRILLING

HIGHLIGHTS:

 Firm commitments received for Placement raising A$0.2M

• Proceeds to be used primarily to advance exploration activity at the Redback Gold Project

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Tychean Resources Ltd (“Tychean”, ASX:TYK), is pleased to announce a capital raising of $200,000 via a placement (“Placement”) of 100 million fully paid ordinary shares at A$0.002 per share.

Use of Proceeds

The Company will use the funds raised under the Placement to:

• Progress exploration and resource definition at the Company’s Redback Gold Project near Spargoville in WA and;

• Provide working capital to the Company.

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 info@eromining.com | web www.eromining.com

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Placement

The placement was made to sophisticated and professional investors under the Company’s existing 15% placement capacity. It is anticipated that the Placement shares will be allotted on Tuesday, 27 January 2015. New shares issued under the Placement will rank equally with existing shares in Tychean.

Joe Houldsworth Managing Director

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