DREADNOUGHT RESOURCES LTD — Director's Dealing 2015

May 21, 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 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	IAN ROY WITTON
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	INDIRECT
Nature of indirect interest	WITTON SUPER FUND of which I R Witton
(including registered holder)	is one of the trustees and a member.
Note: Provide details of the circumstances
giving rise to the relevant interest.
Date of change	15 MAY 2015
No. of securities held prior to change	2,244,444 Ordinary Shares
Class	(i)Ordinary Shares
	(ii)Options over Ordinary Shares
	exercisable at $0.004 on or
	before 4 June 2016
Number acquired	(i)224,444
	(ii)224,444

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1 838962

Appendix 3Y Change of Director’s Interest Notice

Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	(i)$0.002 PER SHARE(ii)NIL
No. of securities held after change	2,468,888 Ordinary Shares224,444 Options over Ordinary Sharesexercisable at $0.004 on or before 4 June2016
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back	Participation in institutional component ofaccelerated non-renounceable entitlementissue.

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	Detail of contract	N/A	N/A	N/A
Nature of inter	est	N/A
Name of regist(if issued secu	ered holder	N/A
	rities)
Date of chang	e	N/A
No. and clasinterest relateNote: Detailscontract ininterest has c	s of securities to whichprior to chane	N/A
	gare only required for arelation to which the
	hanged
Interest acquir	ed	N/A
Interest dispos	ed	N/A
Value/ConsideNote: If conprovide detvaluation	ration	N/A
	sideration is non-cash,ils and an estimated
Interest after c	hange	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearance wasrequired?	NO
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

Dated 22 May 2015

• See chapter 19 for defined terms.

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