PATERSON RESOURCES LTD — Capital/Financing Update 2014

Sep 17, 2014

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18[th] September 2014

ASX Limited

Drilling to Commence at Burraga – Sale of Blumont shares

Elysium Resources Limited (“Elysium” or “Company”) (ASX:EYM) is pleased to announce that its drilling campaign starts first week of October at Burraga. The programme is for 1,700 metres (includes 300 metres of diamond drilling for metallurgy samples). EYM plans to drill 16 holes, of which 4 will test new targets. Of the 16 drill holes, 8 holes will become water monitoring bores and form part of the information that is required for the Water Management Plan which is part of the Environmental Impact Statement (‘EIS’).

As advised in the ASX announcement of 25 August 2014 it was the Company’s intention to dispose of its 26,380,953 shares in Blumont Group Limited, listed on the Singapore Stock Exchange. Elysium has monetised the entire shareholding for gross proceeds of A$850,889. These funds will be deployed to fund the on-going operations of the Company.

Yours faithfully,

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M T Ohlsson Company Secretary

Elysium Resources Limited

ABN 45 115 593 005 Suite 705, 3 Spring Street, Sydney NSW 2000 PO Box H238, Australia Square NSW 1215 Phone: +61 2 9247 7744 Fax: +61 2 9247 7244 Email: info@elysiumresources.com.au Web: www.elysiumresources.com.au

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