PATERSON RESOURCES LTD — Director's Dealing 2015

Oct 11, 2015

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	ELYSIUM RESOURCES LIMITED
ABN	45 115 593 005

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	Nebojsa Zurkic
Date of last notice	30 July 2015 – Appendix 3Y

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	Zurkic Mining Consultants Pty Ltd(Director/Shareholder)
interest.	Zurkic Mining Consultants Pty LtdatfZurkicSuperFund(Directortrusteecompany/beneficiary)
Date of change	1 October 2015
No. of securities held prior to change	59,466,667 Ordinary shares35,000,000 Options – unlisted (exercisable at1.4 cents each expiring 30 April 2018)5,747,494 Listed Options (exercisable at 0.5cents each expiring 30 September 2015)7,433,334 Listed Options (exercisable at 0.3cents each expiring 30 September 2016)
Class	Ordinary shares
Number acquired	20,000,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$60,000 (in settlement of directors fees)
No. of securities held after change	79,466,667 Ordinary shares35,000,000 Options – unlisted (exercisable at1.4 cents each expiring 30 April 2018)7,433,334 Listed Options (exercisable at 0.3cents each expiring 30 September 2016)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Directors' Share Plan

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

+ See chapter 19 for defined terms.