PATERSON RESOURCES LTD — Major Shareholding Notification 2014

Dec 16, 2014

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme		ELYSIUM RESOURCES LIMITED
ACN/ARSN			115 593 005
1.	Details of substantial holder(1)
NameACN/ARSN (if applicable)		Carling Capital Partners Pty Ltd107 043 069
	THE CONSTRUCTION OF CONSTRUCTION OF THE CONSTRUCTION OF A REPORT OF CONSTRUCTION

There was a change in the interests of the substantial shareholder on 15/12/2014

The previous notice was given to the company on 28/8/2014

The previous notice was dated 28/8/2014

$2.$ Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities(4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary fully paid 47,543,646shares		5.14%	84,543,646	8.04%

$3.$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange $(6)$	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
15/12/14	Cazenove Pty Ltd -Cardinal ProvidentFund/CarlingCapital Partners	SharespurchasedinRights Issue	$185,000	37,000,000ordinaryshares	8.04%

Form 604

$\overline{4}$ . Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder $(8)$	interest $(6)$	securities
Carling Capital	Carling Capital	Carling Capital	Ordinary fully	23,400,000	2.22%
PartnersPty	PartnersPty	PartnersPty	paid shares	ordinaryfully
Ltd	Ltd	Ltd		paid shares
PtyCazenove	PtyCazenove	PtyCazenove	Ordinary fully	61,143,646	5.82%
Ltd - Cardinal	Ltd - Cardinal	Ltd - Cardinal	paid shares	fullyordinary
Provident	Provident	Provident		paid shares
Fund	Fund	Fund

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if	Nature of association
applicable)

6. Addresses

Name		Address
Pty Ltd		Carling Capital Partners 3 Spring Street, Sydney NSW 2000
Cazenove Pty	Ltd	- PO Box H32, Australia Square, Sydney NSW 1215
Cardinal Provident Fund

Signature

Maxim Carling Print name

capacity Director

Sign here

date 16/12/2014

Form $604$