PATERSON RESOURCES LTD — Major Shareholding Notification 2016

Oct 3, 2016

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4 October 2016

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

Contact Darren Pereira Direct Line (02) 8083 0487 Email darren.pereira@holdingredlich.com Our Ref DAP:14670012

Dear Sir / Madam

Elysium Resources Limited (ASX: EYM) Notice of ceasing to be a substantial holder

We act for Blumont Group Ltd. ( Blumont ).

On behalf of Blumont we enclose a copy of a “Form 605: Notice of ceasing to be a substantial holder” in relation to Elysium Resources Limited.

Yours sincerely

Holding Redlich

Holding Redlich

Enclosures: 1

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S:7123589_1 SLB

605 Page 1/2 15 July 2001

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Elysium Resources Limited ( Elysium ) ACN/ARSN 115 593 005 1. Details of substantial holder (1) Name Blumont Group Ltd. ( Blumont ) ACN/ARSN (if applicable) N/A The holder ceased to be a substantial holder on 30/09/2016 The previous notice was given to the company on 12/09/2016 The previous notice was dated 12/09/2016

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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	Personwhoserelevantinterest	Nature ofchange (4)	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecuritiesaffected	Person’s votesaffected
30/09/2016	Blumont	Dilution of shareholdinginterest as a result ofissue of ordinaryshares by Elysium	N/A	7,100,000ordinary shares	7,100,000

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

4. Addresses

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

Name	Address
Blumont Group Ltd.	298 Tiong Bahru Road, #11-03 Central Plaza Singapore168730

Signature

print name	NG KIM HUATT	Capacity	DIRECTOR
sign here		date	04/10/2016

S:7121236_2 SLB