DREADNOUGHT RESOURCES LTD — Director's Dealing 2015

Nov 4, 2015

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 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	IAN ROY WITTON
Date of last notice	22 MAY 2015

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 relevantinterest.	WITTON SUPER FUND of which I RWitton is one of the trustees and amember.
Date of change	4 November 2015
No. of securities held prior to change	i)2,468,888 Ordinary Sharesii)224,444OptionsoverOrdinary Shares
Class	i)Ordinary Fully Paid Sharesii)Options over Ordinary Sharesexercisable at $0.004 on orbefore 4 June 2016
Number acquired	N/a
Number disposed	N/a
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	N/a

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

i)246,889 Ordinary Sharesii)22,445 Options over OrdinaryShares exercisable at $0.04on or before 4 June 2016

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back

i)Share consolidation achievedthrough the conversion of tenfully paid ordinary shares intoone fully paid ordinary shareas approved by an ordinaryresolution at the Company’sAnnual General Meeting heldon 21 October 2015.ii)Optionconsolidationachievedthroughtheconversion of ten optionsoverordinarysharesexercisable at $0.004 into oneoption over ordinary shareexercisable at $0.04 on orbefore4June2016asapprovedbyanordinaryresolution at the Company’sAnnual General Meeting heldon 21 October 2015.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/a
Interest acquired	N/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	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	Part 3 –+Closed period	Part 3 –+Closed period
Were the interests in the securities or contracts detailed		N/a
above traded during a+closed period where prior writtenl id?
cearance was requre
If so, was prior written clearance provided to allow the tradeto proceed during this period?		N/a
If prior written clearance was provided, on what date was this		N/a
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3