GALAN LITHIUM LIMITED — Director's Dealing 2016

Nov 1, 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	20 October 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 (2)
Nature of indirect interest	Indirect (1):
(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Shares owned by Gryphon Asset Management, a company in whichMr Gardiner is a director and shareholder
	Indirect (2):
	Shares owned by TJ & VH Gardiner (Terry Gardiner Super Fund
	A/C), an account in which Mr Gardiner is a beneficiary
Date of change	26 October 2016
No. of securities held prior to	Direct:
change	514,919 Fully Paid Ordinary Shares
	102,983 Listed Options Expiring 31/12/18 exercisable @$0.14
	Indirect (1):
	1,065,000 Fully Paid Ordinary Shares
	213,000 Listed Options Expiring 31/12/18 exercisable @$0.14
	Indirect (2):
	1,700,000 Fully Paid Ordinary Shares
	500,000 Listed Options Expiring 31/12/18 exercisable @$0.14

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Fully paid ordinary shares
Number acquired	50,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$3,000
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 Shares500,000 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	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.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

.Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?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?	No

• See chapter 19 for defined terms.

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