MARVEL GOLD LIMITED — Major Shareholding Notification 2017

May 8, 2017

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

GRAPHEX MINING LIMITED $\underline{\operatorname{To}}$

77 610 319 769 ABN:

1. Details of substantial holder (1) Capital Sanctuary Victoria Pty. Ltd. ACN: 601 653 776 and

(2) Dr. Christopher Kong Leng SHUN and Mrs. Sook Leng CHOY

The holder became a substantial holder on 08 / 05 / 2017

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	' Number of securities	Person's votes (5)	Voting power (6)
Fully Paid Ordinary	2,902,404	2,902,404	5.02%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Capital Sanctuary Victoria Pty. Ltd. < Shun Family Superfund>	Corporate Trustee for <shun< b=""> Family Superfund></shun<>	Ordinary 1,600,000
Dr. Christopher Kong Leng SHUN and Mrs. Sook Leng CHOY	Direct Owner(s)	Ordinary 1,302,404

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
1) Capital Sanctuary Victoria Pty. Ltd.	Corporate Trustee <shun familySuperfund>	same	Ordinary 1,600,000

2) Dr. Christopher Kong Leng SHUN and Mrs. Sook Leng CHOY	Direct Owner(s)	same	Ordinary 1,302,404
---------------------------------------------------------------------------	------------------------	------	-----------------------

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
1) Capital Sanctuary Victoria Pty. Ltd.	27/04/2017	Cash market Prices	Non-cash -	Ordinary 1,600,000
2) Dr. Christopher Kong Leng SHUN and Mrs. Sook Leng CHOY	08/05/2017	market Prices		Ordinary 1,302,404

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a	n/a

7. Addresses

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

Name	Address
Capital Sanctuary Victoria Pty. Ltd.	2. Rossdale Court, Glen Waverley, Victoria 3150
Dr. Christopher Kong Leng SHUN and Mrs. Sook Leng CHOY	2, Rossdale Court, Glen Waverley, Victoria 3150

Signature(s):

Capital Sanctuary Victoria Pty. Ltd. Dr. Christopher Kong Leng SHUN Director

Mrs. Sook Leng CHOY

Director

09/05/2017 Date: