Mithril Silver and Gold Limited — Director's Dealing 2016

May 10, 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 Mithril Resources Ltd ABN 30 099 883 922

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	David James Hutton
Date of last notice	12thOctober 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		Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		(i) Rachel Marie Hutton (wife) (ii)
Date of change		9thMay 2016
No. of securities held prior to change		Direct 1,000,370 Ordinary Fully Paid Shares Indirect (i) 1,000,000 Unquoted Options exercisable at $0.10 upon 28 November 2017 (i)1,000,000 Unquoted Options exercisable at $0.15 upon 28 November 2017 (ii)4,961,905 Ordinary Fully Paid Shares
Class		Ordinary Fully Paid Shares
Number acquired		1,000,370
Number disposed		1,000,370
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.011 per share being the share price at time of transfer.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Indirect (i) 1,000,000 Unquoted Options exercisable at $0.10 upon 28 November 2017 (i) 1,000,000 Unquoted Options exercisable at $0.15 upon 28 November 2017 (ii) 5,962,275 Ordinary Fully Paid Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Off market transfer from direct to indirect holding. Underlining ownership hasn’t changed.

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 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?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011