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.

Name of Director	JOSEPH FRED HOULDSWORTH
Date of last notice	30 MARCH 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 relevant interest.	LONE HAND & ASSOCIATES PTY LTD as trustee for the Houldsworth-Moffett Family Trust in which J F Houldsworth is one of the class of persons who may be a beneficiary. LONE HAND & ASSOCIATES PTY LTD of which J F Houldsworth is a director.
Date of change	15 MAY 2015

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	(a) LONE HAND & ASSOCIATES PTY LTD as trustee for the Houldsworth- Moffett Family Trust 34,388,890 Ordinary Shares. 3,111,112 Options over Ordinary Shares exercisable at $0.006 on or before 30 June 2015 10,000,000 Retention Rights vesting on the second anniversary of employment. Upon vesting Mr Houldsworth will be issued with 1 fully paid ordinary share in Tychean for each right, for no consideration (b) LONE HAND & ASSOCIATES PTY LTD 9,523,810 Ordinary Shares 1,190,477 Options over Ordinary Shares exercisable at $0.006 on or before 30 June 2015
Class	(i) and (iii) Ordinary Shares (ii)Options over Ordinary Shares exercisable at $0.004 on or before 4 June 2016
Number acquired	(a) (i) 3,438,889 (ii)3,438,889 (iii) 10,000,000 (b) (i) 952,381 (ii)952,381
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $0.002 PER SHARE (ii) NIL (iii) NIL

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

(a) LONE HAND & ASSOCIATES PTY LTD as trustee for the Houldsworth- Moffett Family Trust 47,827,779 Ordinary Shares 3,111,112 Options over Ordinary Shares exercisable at $0.006 on or before 30 June 2015 3,438,889 Options over Ordinary Shares exercisable at $0.004 on or before 4 June 2016 (b) LONE HAND & ASSOCIATES PTY LTD 10,476,191 Ordinary Shares 1,190,477 Options over Ordinary Shares exercisable at $0.006 on or before 30 June 2015 952,381 Options over Ordinary Shares exercisable at $0.004 on or before 4 June 2016

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

(i) and (ii) Participation in institutional component of accelerated non-renounceable entitlement issue. (iii) Vesting of retention rights in accordance with the terms of the Managing Director’s employment contract.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
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?

Dated 22 May 2015

• See chapter 19 for defined terms.

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