GALAN LITHIUM LIMITED — Director's Dealing 2016

Dec 4, 2016

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	Terry Gardiner
Date of last notice	2 November 2016

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 (3)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Indirect (1):Gryphon Asset Management, a company in which Mr Gardiner is adirector and shareholderIndirect (2):TJ & VH Gardiner (Terry Gardiner Super Fund A/C), an account inwhich Mr Gardiner is a beneficiaryIndirect (3):Investwise Enterprises Pty Ltd, a company in which Mr Gardiner isa director and shareholder
Date of change	1 December 2016

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior tochange	Direct:514,919 Fully Paid Ordinary Shares102,983 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (1):1,065,000 Fully Paid Ordinary Shares213,000 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (2):1,750,000 Fully Paid Ordinary Shares500,000 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (3):Nil
Class	1. Listed Options Expiring 31/12/18 exercisable @ $0.142. Listed Options Expiring 31/12/18 exercisable @ $0.14
Number acquired	1. 800,0002. 400,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	1. $8,0002. $4,000
No. of securities held after change	Direct:514,919 Fully Paid Ordinary Shares102,983 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (1):1,065,000 Fully Paid Ordinary Shares213,000 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (2):1,750,000 Fully Paid Ordinary Shares1,300,000 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (3):400,000 Listed Options Expiring 31/12/18 exercisable @$0.14
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Off 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.

Detail of contract Nature of interest

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

.
	Were the interests in the securities or contractsdetailed above traded during a+closed periodwhere prior written clearance was required?	No
	If so, was prior written clearance provided toallow the trade to proceed during this period?
	If prior written clearance was provided, on whatdate was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002