PATERSON RESOURCES LTD — Major Shareholding Notification 2015

Jan 4, 2015

5 January 2015

Companies Announcements Platform Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Contact Michael MacMahon Direct Line (02) 8083 0451 Email michael.macmahon@holdingredlich.com Partner Darren Pereira Our Ref MBM:14670012

Dear Sir / Madam

Blumont Group Ltd. - Notice of change of interest of substantial holder

On behalf of Blumont Group Ltd. we enclose a copy of a "Form 604: Notice of change of interests of substantial holder" in relation to Elysium Resources Limited.

Yours sincerely

$\mathcal{U}{\nu}(\mathcal{U}{\nu})$ Ledl $\lambda$ Holding Redlich

Enclosures: 1

Sydney . Melbourne . Brisbane

Level 65 MLC Centre 19 Martin Place Sydney NSW 2000 DX 529 Sydney GPO Box 4118 Sydney NSW 2001 T +61 2 8083 0388 www.holdingredlich.com ABN 15364527724

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme	Elysium Resources Limited (Genesis)
ACN/ARSN		115 593 005
1. Details of substantial holder (1)
Name		Blumont Group Ltd. (Blumont)
ACN/ARSN (if applicable)		N/A
There was a change in the interests of thesubstantial holder on16 December 2014
The previous notice was given to the company on			26 August 2014
The previous notice was dated			26 August 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 shares	100,000,000	10.83%	100,000,000	9.52%

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 whoserelevantinterestchanged	Nature of change (6)	Consideration given inrelation to change (7)	Class andnumber ofsecuritiesaffected	Person'svotesaffected
16/12/2014	Blumont	Dilution of shareholding interest asa result of issue of ordinary sharesby Elysium	N/A	N/A	N/A

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevant interest (6)	Class andnumber ofsecurities	Person'svotes
Blumont	Blumont	Blumont	Registered holder of relevant interest inordinary shares in Elysium	100,000,000ordinaryshares	100,000,000

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 applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Blumont	298 Tiong Bahru Road, #20-02/03 Central Plaza Singapore 168730

Signature

	print name Mr Ng Kim Huatt	capacity Director
sign here		date $OS$ /01 / 2015

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the managerand trustee of an equity trust), the names could be included in an ann $(1)$
• $(2)$ See the definition of 'associate' in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
  • $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of 'relevant agreement' in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(7)$ not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

$(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write 'unknown'.

$(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.