PATERSON RESOURCES LTD — Major Shareholding Notification 2016

Nov 27, 2016

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Company Name/Scheme	ELYSIUM RESOURCES LIMITED
ACN/ARSN	45 115 593 005
1. Details of substantial holder (1)
Name	Mr Jason Peterson
ACN/ARSN (if applicable)	n/a
The holder became a substantial holder on	03/11/2016

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary fully paid (O.F.P.)	27,000,000	27,000,000	7.65%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number ofsecurities
Professional Payment Services Pty Ltd	Professional Payment Services Pty Ltd	2,000,000
Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	25,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holders of relevantinterest	Registered holder ofSecurities	Person entitled to beregistered as a holder (8)	Class andnumberof securities
Professional Payment Services Pty Ltd	Professional Payment Services Pty Ltd	Professional Payment Services PtyLtd	2,000,000
Mr J Peterson & Mrs L Peterson<j &="" a="" c="" f="" l="" peterson="" s="">	Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	Mr J Peterson & Mrs L Peterson <j &<br="">L Peterson S/F A/C>	25,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four month s prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date ofacquisition	Consideration (9)		Class and numberof securities
		Cash	Noncash
Professional Payment Services Pty Ltd	01/11/2016	$20,000		2,000,000
Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	01/11/2016	$250,000		25,000,000

6. Associates

The reasons the person named in paragraph 3 above and associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Professional Payment Services Pty Ltd	Director
Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	Trustee

7. Addresses

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

Name	Address
Professional Payment Services Pty Ltd	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Mr J Peterson & Mrs L Peterson <j &="" a="" c="" f="" l="" peterson="" s="">	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831

Signature

print name	Mr Jason Peterson	capacity	I.M.O.R. and as Trustee
sign here		date	28November//2016