PATERSON RESOURCES LTD — Board/Management Information 2016

May 18, 2016

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ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE

19th May 2016

APPOINTMENT OF DIRECTORS

Elysium Resources Limited (“Elysium” or “Company”) (ASX:EYM) is pleased to announce the appointment of Messrs. Robin Armstrong and Terence Clee to the board of directors.

Mr. Robin Armstrong joins the board of Elysium Resources Limited as a non-executive director. Robin has over 35 years experience in the stockbroking and corporate finance industry and was executive director of Findlay Stockbrokers Limited. He brings a wealth of experience and investor contacts and has served on many ASX listed small and mid-company boards during his career. Robin will assist the Company in corporate fund raisings and assist in marketing the Company and its project(s).

Mr. Terence Clee joins the board of Elysium Resources Limited as a non-executive director. Mr. Clee holds a combined B Comm (Accounting) and LLB. Terence commenced his career as an accountant at KPMG, working in Corporate Audit and Corporate Tax. He co-founded Hemsley Lawyers alongside lawyers from Allens Arthur Robinson and Blake Dawson (now Ashurst). Terence was responsible for the business development and strategic growth of the practice. Terence has experience in the start-up and small cap space, having advised technology start-ups and junior miners on commercialisation, cross-border transactions, tax and R&D.

The appointment of Messrs. Armstrong and Clee as non-executive directors increases the Company’s nonexecutive directors to three and strengthens the board and is more in line with ASX guidelines on independent directors.

Yours faithfully,

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M T Ohlsson, Company Secretary

Elysium Resources Limited

ABN 45 115 593 005 Suite 1412, 3 Spring Street, Sydney NSW 2000 PO Box H238, Australia Square NSW 1215 Phone: +61 2 8249 4504 Email: info@elysiumresources.com.au Web: www.elysiumresources.com.au

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