DREADNOUGHT RESOURCES LTD — Director's Dealing 2014

Jan 27, 2014

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

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	10 October 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	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	INDIRECT	INDIRECT	INDIRECT	INDIRECT	INDIRECT	INDIRECT	INDIRECT
		Nature of indirect interest(including registered holder)						LONE HAND & ASSOCIATES PTY LTD astrustee for the Houldsworth-MoffettFamily Trust
		Note: Provide details of the		circumstances iv		ing rise to	the relevant
		interest.		g				Family Trust
		Date of change						21 January 2		14
		No. of securities held		i t h				LONE HAND		& AS	OCIATES PT		LTD
				pror o cang		e		trustee for th		e Hou	ldsworth-Moff		asett
								Family Trust
								7666667 Ord		inary	Shares
								,3,	,333,334 Opt	ions	ove	.r Ordinary	Shares
								eS	xercisable aetember 2	t $0.014	06	on or befor	e 24
									p	.tentio
								2	0,000,000 Re
											n	ights: 50	of the
								ri	ghts will veslt	t on td 5	he	first annive	rsary of
											%	f th ih	ill
								ev	poymenest of the se	ncond		o e rg	s w
											an	niversary o	f
								e	mployment.	Upon	v	esting Mr
								H	ouldsworth	will b	e is	sued with	1 fully
								p	aid ordinary	shar	e in	Tychean f	or each
								ri	ght, for no c	onsid& ASS
											er	tion.	LTD
											O	CIATES PTY
								L	NE HAND
								7,	142,857 Ord	inary	Sh	ares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	ORDINARY SHARES
Number acquired	LONE HAND & ASSOCIATES PTY LTD astrustee for the Houldsworth-MoffettFamily Trust1,000,000 Ordinary Shares
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.004 per share
No. of securities held after change	LONE HAND & ASSOCIATES PTY LTD astrustee for the Houldsworth-MoffettFamily Trust8,666,667 Ordinary Shares.3,333,334 Options over Ordinary Sharesexercisable at $0.006 on or before 24September 2014.20,000,000 Retention Rights: 50% of therights will vest on the first anniversary ofemployment and 50% of the rights willvest of the second anniversary ofemployment. Upon vesting MrHouldsworth will be issued with 1 fullypaid ordinary share in Tychean for eachright, for no consideration.LONE HAND & ASSOCIATES PTY LTD7,142,857 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On-market trade

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class	No. and class
	No. and class	of securities to which	N/A
	interest related	prior to change
	Note: Details are onrelation to which the	ly required for a contract ininterest has changed
			N/A
	Interest acquire	d
	Interest dispos	d	N/A
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand 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 detailedabove traded during a+closed period where prior writtenclearance was required?	YES
If so, was prior written clearance provided to allow the tradeto proceed during this period?	YES
If prior written clearance was provided, on what date was thisprovided?	21 January 2014

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3