PATERSON RESOURCES LTD — Director's Dealing 2016

Apr 4, 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 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	MAXIM CARLING
Date of last notice	8 October 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 relevantinterest.	Carling Capital Partners Pty Ltd – DirectorCazenove Pty Ltd – Cardinal Provident Fund –Director/Beneficiary
Date of change	31 March 2016
No. of securities held prior to change	8,500,000 Options – unlisted (exercisable at 2cents each expiring 30 June 2017)154,695,630 Ordinary shares35,000,000 Options – unlisted (exercisable at1.4 cents each expiring 30 April 2018)16,666,667 Options – listed (exercisable at 0.3cents each – expiring 30 September 2016
Class	Ordinary shares
Number acquired	33,333,333
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$100,000 (in settlement of fees outstanding)
No. of securities held after change	8,500,000 Options – unlisted (exercisable at 2cents each expiring 30 June 2017)188,028,963 Ordinary shares35,000,000 Options – unlisted (exercisable at1.4 cents each expiring 30 April 2018)16,666,667 Options – listed (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	Shares issued under 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 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 No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011 Appendix 3Y Page 3