GROUP 6 METALS LIMITED — Director's Dealing 2015

May 31, 2015

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 King Island Scheelite Limited ABN 40 004 681 734

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	Christopher ELLIS
Date of last notice	24 April 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.

Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bedisclosed in this part.Direct or indirect interestIndirectNature of indirect interest A related entity Chrysalis Investments Pty Ltd.	Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bedisclosed in this part.Direct or indirect interestIndirectNature of indirect interest A related entity Chrysalis Investments Pty Ltd.	Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bedisclosed in this part.Direct or indirect interestIndirectNature of indirect interest A related entity Chrysalis Investments Pty Ltd.	Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bedisclosed in this part.Direct or indirect interestIndirectNature of indirect interest A related entity Chrysalis Investments Pty Ltd.
	Direct or indirect interest	Indirect
	Nature of indirect interest	A related entity Chrysalis Investments Pty Ltd.
	(including registered holder)Note: Provide details of the circumstances giving riseh l i
	to te reevant nterest.
	Date of change	25 May 2015
	No. of securities held prior tochange	22,037,750
	Class	Ordinary fully paid shares
	Number acquired	4,040,470
	Number disposed	Nil
	Value/Consideration	13.5 cents cash each Share
Note: If consideration is non-cash, provide detailsand estimated valuationNo. of securities held after change26,078,220	Note: If consideration is non-cash, provide detailsand estimated valuation
	No. of securities held after change	26,078,220

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Rights offer	Number
	EntitlementShortfall	2,003,4332,037,037
	Total	4,040,470

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	Underwriting Agreement
Nature of interest	In accordance with the non-renounceable rights offerannounced on 20 April 2015, an underwritingagreement underwriting $275,000.00 of the Offer.Offer price is $0.135 per share.Chrysalis Investments Pty Ltd will receive anunderwriting fee totalling $12,375.00.
Name of registered holder(if issued securities)	Chrysalis Investments Pty Ltd ABN 74 640 925 989as trustee for the Ellis Family Trust
Date of change	25 May 2015
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	Commitment to underwrite 2,037,037 ordinary fullypaid shares at $0.135 per share.
Interest acquired	Nil
Interest disposed	Commitment to underwrite 2,037,037 ordinary fullypaid shares at $0.135 per share.
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	Chrysalis Investments Pty Ltd will receive anunderwriting fee totalling $12,375.00.
**Interest after change **	Nil

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date wasthis provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011