DREADNOUGHT RESOURCES LTD — Director's Dealing 2013

Sep 1, 2013

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity TYCHEAN RESOURCES LTD (formerly ERO Mining Limited)

ABN 40 119 031 864

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JOSEPH FRED HOULDSWORTH
Date of last notice	21 MAY 2013

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	LONE HAND & ASSOCIATES PTY LTD
Date of change	27 AUGUST 2013
No. of securities held prior to change	LONE HAND & ASSOCIATES PTY LTD as trustee for the Houldsworth-Moffett Family Trust 1,000,000 ORDINARY SHARES 20,000,000 RETENTION RIGHTS: 50% of the rights will vest on the first anniversary of employment and 50% of the rights will vest on the second anniversary of employment. Upon vesting Mr Houldsworth will be issued with 1 fully paid ordinary share in ERO for each right, for no consideration.
Class	ORDINARY SHARES

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	7,142,857
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	NON-CASH. REFER TO 4 JULY 2013 ASX RELEASE AND NOTICE OF ANNUAL GENERAL MEETING FOR DETAILS
No. of securities held after change	LONE HAND & ASSOCIATES PTY LTD as trustee for the Houldsworth-Moffett Family Trust 1,000,000 ORDINARY SHARES 20,000,000 RETENTION RIGHTS: 50% of the rights will vest on the first anniversary of employment and 50% of the rights will vest on the second anniversary of employment. Upon vesting Mr Houldsworth will be issued with 1 fully paid ordinary share in ERO for each right, for no consideration. LONE HAND & ASSOCIATES PTY LTD 7,142,857
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ISSUE OF SECURITIES AS CONSIDERATION FOR THE ACQUISITION OF VALLEY FLOOR RESOURCES PTY LTD

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	NO
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

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