GOLDARC RESOURCES LIMITED — Director's Dealing 2016

Dec 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 30/09/01 Amended 01/01/11

Name of entity Torian Resources Ltd ABN 72 002 261 565

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	Matthew Sullivan
Date of last notice	31 March 2015

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Cascade Resources Limited The director is a director and shareholder of Cascade Jemda Pty Ltd & Jemda Pty Ltd Jemda Family A/C> The director is a director and shareholder of Jemda The directors children: James Paul Sullivan Emma Elizabeth Sullivan
Date of change		7 December 2016

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Cascade Resources 27,272,727 Jemda 550,000 James Sullivan 500,000 Emma Sullivan 300,000
Class		ORD
Number acquired		Jemda Pty Ltd 3,634,172
Number disposed		Cascade Resources 27,272,727
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		In-specie distribution (reduction of capital) to Cascade shareholders on the basis of one (1) Torian Share for every 0.81897 Cascade Shares held by the Shareholders
No. of securities held after change		Jemda 550,000 James Sullivan 500,000 Emma Sullivan 300,000 Jemda Pty Ltd 3,634,172
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		The shares held by Cascade were distributed to Cascade shareholders on a pro-rata basis. Jemda Pty Ltd Family A/C> is a Cascade Shareholder

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3