PATERSON RESOURCES LTD — Capital/Financing Update 2016

Feb 21, 2016

ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE

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22[nd] February 2016

Expiry of Options

Elysium Resources Limited advises that the following Options will expire on 31 March 2016:-

• 32,386,426 listed options exercisable at 20 cents per share

Option holders have until 31March 2016 to exercise their options. Any Options not exercised at that time will expire.

The last date for quotation of the listed options is 23 March 2016.

The current market price of the underlying ordinary shares is 0.3cents

The highest market price of the underlying ordinary shares in the previous 3 months was 0.3 cents on 19[th] February 2016. The lowest market price in that period was 0.2 cents on 22 December 2015.

An Option expiry notice will not be sent to Option Holders.

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Mark Ohlsson,

Company Secretary

Elysium Resources Limited ABN 45 115 593 005 Suite 706, 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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