GROUP 6 METALS LIMITED — Director's Dealing 2015

Apr 23, 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	15 August 2014

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 riseto the relevant interest.	A related entity Chrysalis Investments Pty Ltd.
Date of change	Not applicable
No. of securities held prior tochange	22,037,750
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Not applicable
No. of securities held after change	22,037,750

• 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	Not applicable

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	17 April 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	Nil
Interest acquired	Commitment to underwrite 2,037,037 ordinary fullypaid shares at $0.135 per share.
Interest disposed	Nil
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	Commitment to underwrite 2,037,037 ordinary fullypaid shares at $0.135 per share.

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