GALAN LITHIUM LIMITED — Director's Dealing 2013

Feb 10, 2013

Appendix 3Y Change of Director’s Interest Notice

CAZRule 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 30/9/2001.

Name of entity	DEMPSEY MINERALS LTD
ABN	87 149 349 646

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	Nathan Bruce McMahon
Date of last notice	5 December 2012

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	Direct and Indirect	Direct and Indirect
		Nature of indirect interest(includingregisteredholder)Note:Providedetailsofthe	Indirect (1):Shares owned by Kingsreef Pty Ltd <NB & DL Family A/in which Mr McMahon is a beneficiary.
		circumstances giving rise to therelevant interest.
			Shares owned by Millicent McMahon, child of Mr McMahIndirect (4)Sh d b Hd MMh hild f M MMh
Shares owned by Montague McMahon, child of Mr McMaDate of change11 February2013			Shares owned by Montague McMahon, child of Mr McMa
		Date of change	11 February2013

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held priorto change	Direct:100,000 Fully Paid Ordinary SharesIndirect (1):2,438,806 Ordinary Fully Paid SharesIndirect (2):10,000 Fully Paid Ordinary SharesIndirect (3):10,000 Fully Paid Ordinary SharesIndirect (4):10,000 Fully Paid Ordinary SharesIndirect (5):10,000 Fully Paid Ordinary Shares
Class	Ordinary Shares
Number acquired	25,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash,providedetailsandestimatedvaluation	$2,750.00
No. of securities held afterchange	Direct:100,000 Fully Paid Ordinary SharesIndirect (1):2,463,806 Ordinary Fully Paid SharesIndirect (2):10,000 Fully Paid Ordinary SharesIndirect (3):10,000 Fully Paid Ordinary SharesIndirect (4):10,000 Fully Paid Ordinary SharesIndirect (5):10,000FullyPaidOrdinary Shares
Nature of changeExample:on-market trade, off-market trade, exercise of options,issue of securities under dividendreinvestment plan, participation inbuy-back	On-market trades

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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period.
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided toallow the trade to proceed during this period?
If prior written clearance was provided, onwhat date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002