GALAN LITHIUM LIMITED — Director's Dealing 2016

Aug 14, 2016

Appendix 3Y Change of Director’s Interest Notice

Rule 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	15 March 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
Nature of indirect interest(includingregisteredholder)Note:Providedetailsofthecircumstances giving rise to therelevant interest.	Indirect (1):Shares owned by Kingsreef Pty Ltd <NB & DL Family A/C>, an accountin which Mr McMahon is a beneficiary.Indirect (2)Shares owned by Jed McMahon, child of Mr McMahonIndirect (3)Shares owned by Millicent McMahon, child of Mr McMahonIndirect (4)Shares owned by Hendy McMahon, child of Mr McMahonIndirect (5)Shares owned by Montague McMahon, child of Mr McMahon
Date of change	12 August 2016

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held priorto change	Direct:154,258 Fully Paid Ordinary Shares51,418 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (1):4,073,427 Fully Paid Ordinary Shares1,357,808 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (2):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (3):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (4):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (5):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14
Class	Fully Paid Ordinary Shares
Number acquired	350,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	$24,500
No. of securities held afterchange	Direct:154,258 Fully Paid Ordinary Shares51,418 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (1):4,423,427 Fully Paid Ordinary Shares1,357,808 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (2):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (3):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (4):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14Indirect (5):15,424 Fully Paid Ordinary Shares5,140 Listed Options Expiring 31/12/18 exercisable @$0.14
Nature of changeExample: on-market trade, off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	On market trade

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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 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, onwhat date was this provided?

• See chapter 19 for defined terms.

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