PATERSON RESOURCES LTD — Director's Dealing 2016

Apr 3, 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	MICHAEL TILLEY
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.

be disclosed in thispart.
Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Jend Pty Ltd atf Tilley Superannuation Fund(Director trustee company/beneficiary)
Date of change	31 March 2016
No. of securities held prior to change	4,250,000 Options – unlisted (exercisable at 2cents each expiring 30 June 2017)45,775,000 Ordinary shares12,000,000 Options – unlisted (exercisable at1.4 cents each expiring 30 April 2018)5,000,000 Options – listed (exercisable at 0.3cents each – expiring 30 September 2016
Class	Ordinary shares
Number acquired	10,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$30,000 (debt reduction for director’s fees)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 4,250,000 Options – unlisted (exercisable at 2 cents each expiring 30 June 2017) 55,775,000 Ordinary shares 12,000,000 Options – unlisted (exercisable at 1.4 cents each expiring 30 April 2018) 5,000,000 Options – listed (exercisable at 0.3 cents each – expiring 30 September 2016 Nature of change Directors’ Share Plan Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance was required? **	No
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.

Appendix 3Y Page 2

01/01/2011