DREADNOUGHT RESOURCES LTD — Regulatory Filings 2015

May 5, 2015

Australian Securities Exchange Announcement

6 May 2015

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

CORRECTION TO ANNOUNCEMENT - ENTITLEMENT ISSUE

Tychean Resources Limited (the Company) (ASX: TYK) wishes to advise that an error was made in an announcement relating to the Company's Entitlement Issue lodged on 6 May 2015.

The expiry date of the options issued pursuant to the Entitlement Issue Prospectus is 4 June 2016.

A corrected version of the announcement is attached.

Ju stalled Director

Australian Securities Exchange Announcement

6 May 2015

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

Entitlement Offer

Summary

Tychean Resources Limited (Tychean or the Company) (ASX: TYK) is pleased to announce an accelerated non-renounceable entitlement offer (Entitlement Offer) to raise up to \$450,726.

The Company will use the funds raised under the Entitlement Issue to:

• progress exploration and resource definition at the Company's Redback Gold Project near Spargoville in WA; and
• provide working capital to the Company. $\bullet$

The Entitlement Offer comprises two components:

• an institutional entitlement offer, where certain institutional investors have been invited to $\bullet$ apply for their pro rata entitlement, to raise up to \$75,000; and
• a retail entitlement offer, where other eligible shareholders will be invited to apply for their $\bullet$ pro rata entitlement, to raise up to \$375,726.

The Entitlement Offer is partially underwritten.

Entitlement Offer Terms

Under the Entitlement Offer, Tychean is offering one New Share for every for every ten existing Shares held, together with one free option for every New Share subscribed for, exercisable at \$0.004 on or before 4 June 2016.

Only the Company's shareholders who meet all of the following criteria will be eligible to participate in the retail component of the Entitlement Issue.

• Have a registered address in Australia or New Zealand on the Record Date.
• Are not in the United States and not acting for the account or benefit of a person in the United States (to the extent such person holds the Company's ordinary shares for the account or benefit of such person in the United States).
• Were not invited to participate (other than as a nominee, in respect of other underlying holdings) in the institutional component of the Entitlement Issue.
• Are eligible under all applicable securities laws to receive an offer under the Entitlement $\bullet$ Issue.

Indicative Entitlement Offer Timetable

EVENT	DATE
Company requests trading halt before market open Announcement of accelerated non-renounceable entitlement offer Company applies for quotation (Appendix 3B) Company lodges prospectus with ASIC and gives copies to ASX	6 May 2015
Company conducts institutional offer (before commencement of trading following the trading halt)	7 May 2015
Announcement of results of institutional offer Company releases copy of prospectus to ASX (if applicable) Trading halt lifted and trading resumes	8 May 2015
Record Date to identify security holders entitled to participate in the offer (7:00pm Sydney time)	11 May 2015
Dispatch of prospectus and entitlement & acceptance forms Company announces offer documents have been despatched Retail offer period opens	14 May 2015
Day before quotation of securities issued under institutional offer, entity provides ASX with the following: the issue date and number of securities for which quotation $\bullet$ is sought a statement setting out the issued capital of the entity following the issue under the institutional offer Company provides ASX updated Appendix 3B (if required)	15 May 2015
Quotation of Institutional Entitlement Offer	18 May 2015

Last day to extend retail offer close date	25 May 2015
Closing Date of Retail Entitlement Offer (5:00pm Adelaide time)	28 May 2015
Announce Results of Retail Entitlement Offer	2 June 2015
Day before quotation of securities issued under retail offer, entity provides ASX with the following: the issue date and number of securities for which quotation $\bullet$ is sought a statement setting out the issued capital of the entity 0 following the issue under the retail offer a distribution schedule of the securities, if the issued ۰ securities form a new class a statement setting out the names of the 20 largest holders ۰ of this class of security and the percentage held by each, if the issued securities form a new class Entry into a certificated subregister or an uncertificated	4 June 2015
subregister, as applicable, of securities issued to retail holders no later than this day
Entity provides ASX updated Appendix 3B (if required)
Allotment of Retail Entitlement Shares
Quotation of securities issued under retail offer	5 June 2015
Holding statements sent to retail holders	9 June 2015

This timetable is indicative only and subject to change. The Company reserves the right to vary the dates and times of the Entitlement Offer subject to the Corporations Act, ASX Listing Rules and other applicable laws. In particular, the Company reserves the right to extend the Closing Date of the Entitlement Offer, accept late applications under the Entitlement Offer or withdraw the Entitlement Offer without prior notice.

The commencement of quotation of New Securities is subject to confirmation from ASX.

Ja start

Director

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