GBM RESOURCES LIMITED. — Major Shareholding Notification 2016

May 8, 2016

605 page 1/2 15July 2001

Form605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme”	GBM Resources Limited
ACN/ARSN	124 752 745

1. Details of substantial holder (1)

Name	DGO Gold Limited (formerly Drummond Gold Limited)	DGO Gold Limited (formerly Drummond Gold Limited)
ACN/ARSN (if applicable)	124 562 849
The holder ceased to be a
substantial holder on		6/ 5/ 2016
The previous notice was given to the company on		30/4/2015
The previous notice was dated		30/4/2015

2. Changes in relevant interests

Particulars of each change in, or change in thenatureof, arelevant interest (2)of the substantial holder or an associate(3 ) invotingsecuritiesof thecompanyor scheme, sincethe substantial holder waslast requiredtogiveasubstantial holdingnoticeto thecompanyor scheme areasfollows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange(4)	Considerationgiven in relationto change(5)	Class(6)andnumber ofsecuritiesaffected	Person's votesaffected
6/5/2016	DGO Gold Limited	Sale of 50 million sharesoff market for cashconsideration.	Cash consideration of$600,000 (1.2 cents perordinary share)	50 million fully paidordinary shares	DGO Gold Limited

3. Changes in association

Thepersons whohave becomeassociates(3)of, ceased tobeassociatesof, or have changed the natureof their association(7) with, thesubstantial holder in relationtovoting interests in thecompanyor schemeareasfollows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
DGO Gold Limited	27 General Macarthur Place Redbank Qld 4301

Signature

print namesign here	Michael Ilett capacityCompany Secretary
	date8/05/2016

605 page 2/2 15July 2001

DIRECTIONS

• (1) If there area number of substantial holders withsimilaror relatedrelevant interests (eg. a corporationandits related corporations, or the manage andtrusteeof an equity trust), the namescouldbeincludedinan annexure to theform. If therelevant interestsof agroupof persons areessentiallysimilar, they maybe referredto throughout the form as a specifically named group if the membership of each group, with thenamesand addresses of members isclearly set out in paragraph4 of the form.

• (2) See the definition of "relevant interest" in sections 608and 671B(7)of the Corporations Act 2001.

• (3) See the definition of "associate" in section9 of the Corporations Act 2001.

(4) Included details of:

• (a) anyrelevant agreement orother circumstances because of which thechange in relevant interest occurred. If subsection671B (4)applies, a copy of any document settingout the termsof anyrelevant agreement, and a statement by theperson giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together witha written statement certifyingthiscontract, scheme or arrangement; and

• (b) any qualification of the power of aperson toexercise, control theexercise of, or influence the exercise of, the voting powers or disposal of the securitiesto whichtherelevant interest relates(indicatingclearly theparticular securitiestowhichthe qualification applies).

• See the definition of "relevant agreement" in section9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or itsassociate inrelation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired..

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

605GUIDE page1/1 13 March2000

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 605.

Signature

This form must be signed by either a director or a secretary of the substantial holder.

Lodging period Nil

Lodging Fee Nil

Other forms to be Nil completed

Additionalinformation

• (a) If additional space is required to complete a question, the information may be included on a separate piece of paper annexed to the form.

• (b) This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme. A copy of this notice must also be given to each relevant securities exchange.

• (c) The person must give a copy of this notice:

  • (i) within 2 business days after they become aware of the information; or

  • (ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the information if:

    • (A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and

    • (B) the person becomes aware of the information during the bid period.

Annexures

To make any annexure conform to the regulations, you must

• 1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides

• 2 show the corporation name and ACN or ARBN

• 3 number the pages consecutively

• 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied

• 5 identify the annexure with a mark such as A, B, C, etc

• 6 endorse the annexure with the words:

This is annexure (mark) of (number) pages referred to in form (form number and title)

• 7 sign and date the annexure

The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.