DREADNOUGHT RESOURCES LTD — Regulatory Filings 2014

May 14, 2014

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Australian Securities Exchange Announcement

15 May 2014

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Maiden RC Gold Drilling Programme Commenced at Spargoville (WA)

Tychean Resources Ltd (ASX: TYK) ( Tychean or Company ) is pleased to announce that it has commenced a ~3,300 metre, 28 drill hole, Reverse Circulation (RC) drilling programme at the Company’s wholly owned Spargoville Gold Project in the Eastern Goldfields of Western Australia. The RC drilling programme – the Company’s first at Spargoville - will be completed over 10 prospects, spanning from the Ground Lark prospect in the south, to the Hilditch Gold prospect to the North, (Figure 1).

The RC drilling programme is the latest in an intensive multi-phase drilling campaign commenced by Tychean at Spargoville last November, which has already seen in excess of 11,000 metres of RAB and air core drilling undertaken across the project.

A brief summary of the objectives of the latest drilling is included below.

5B Deposit - 6 holes for 640 metres

The planned drilling is designed to confirm, further define and extend an historic Indicated and Inferred gold resource[1] .

Core Farm - 3 holes for 360 metres

The planned drilling is designed to test an area of gold anomalism in previous drilling interpreted to be associated with a contact between felsic intrusive and mafic/ultramafic lithologies and a north east trending structure interpreted from aero magnetics, which trends to the north of the Wattle Dam Gold Mine.

1 – Breakaway Resources Limited ASX Announcement 18 June 2004 – Kambalda West Project 5B Nickel Resource Upgrade.

2 – Tychean Resources Limited ASX Announcement 2 May 2014 – Spargoville (WA) – Aircore Gold Resample Results

Eagles Nest - 1 hole for 250 metres

A single hole is designed to test for high grade, plunge extensions to the north of previously intersected gold mineralisation.

Fugitive - 2 holes for 240 metres

The planned drilling is designed to test for depth extensions to recently identified air core anomalism[2] of 13m @ 2.68g/t Au from 44m including 1m @ 12.1g/t Au from 49m. The intercept is located in the northern extremity of a 750 metre gold anomalous trend identified by previous auger and RAB/Air core drilling.

Golden Orb East - 1 hole for 100 metres

A single hole is planned to test at depth underneath and to the north of previous gold anomalism at the felsic/mafic-ultramafic, approximately 1.2 kilometres to the south of the planned Core Farm RC drilling.

Golden Orb South - 6 holes for 680 metres

The planned drilling is designed to test for dip and strike extensions to gold mineralisation identified within recent and previous drilling associated with felsic intrusive/ultramafic contacts.

Ground Lark - 2 holes for 200 metres

The planned drilling is designed to test at depth underneath the Ground Lark workings which have historically produced approximately 3,250oz gold at an average grade of 42.9g/t Au.

Hilditch Gold - 3 holes for 400 metres

The planned drilling is designed to test for northern and southern plunge extensions to near surface gold mineralisation within previous drilling. The prospect is located 10 kilometres along strike to the north of Wattle Dam.

West Larkinville - 2 holes for 250 metres

The planned drilling is designed to test down plunge to the north of previous near surface gold RC anomalism and to test down dip from previous RAB drilling gold anomalism associated with a mafic/sediment contact.

West Wattle Dam - 2 holes for 160 metres

The planned drilling is designed to confirm and infill previous RC drilling mineralisation. The prospect is located along the south west projection of the structure highlighted at Core Farm which trends to the north of the Wattle Dam Gold Mine.

All results from the planned RC drilling are expected to be received by the end of June 2014.

For further information please contact:

Mr. Joe Houldsworth	Mr. Duncan Gordon
Managing Director	Executive Director
Tychean Resources Ltd	Adelaide Equity Partners Limited
M: 0487 924 326	M: 0404 006 444

Further information relating to Tychean Resources Ltd and its various exploration projects can be found at its website: www.tycheanresources.com

The information contained in this release that relates to exploration results, mineralisation and target generation is based on information compiled by Mr. Matthew Svensson, who is a Member of the Australasian Institute of Geologists (MAIG) and a consulting geologist to the Company. Mr. Svensson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Svensson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

This announcement contains previously announced exploration results. The Company is not aware of any new information or data that materially affects the information included in the current market announcement.

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Figure 1 – Spargoville Gold Project – Prospect Location Plan