PATRONUS RESOURCES LIMITED — Board/Management Information 2017

Jul 24, 2017

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A.C.N: 150 597 541
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25 JULY 2017

Board of Directors

Trevor Dixon

REVISED BOARD ROLES AND REMUNERATION

Non‐Executive Chairman

Don Harper Managing Director

David Sproule Non‐Executive Director

Joe Graziano Non‐Executive Director/ Company Secretary

Contact Details

Post

PO Box 565 Mount Hawthorn Western Australia 6915

Office

342 Scarborough Beach Road Osborne Park Western Australia 6017

Kin Mining NL (ASX: KIN ) is pleased to announce that it has finalised revised roles and remuneration packages for its Chairman and two Non‐Executive Directors.

As part of a Board restructure on 13 February 2017, Trevor Dixon moved from the role of Managing Director to Non‐Executive Chairman. As part of this, Don Harper was appointed as Managing Director. David Sproule, a Metallurgical Engineer with over 30 years experience, joined the board as a Non‐Executive Technical Director and Mr Joe Graziano continued as a Non‐Executive Director and Company Secretary.

Mr Dixon holds invaluable practical knowledge in relation to the Company’s current activities and has extensive experience in tenement management and business development which he has acquired over 30+ years in the Eastern Goldfields of WA.

The Board views Mr Dixon’s knowledge and experience in these areas as essential to the Company and has resolved that he continue to provide these services. To this end the Company has agreed to terms for Mr Dixon to act in a Tenement and Business Development role in addition to his continued role as Non‐Executive Chairman.

Mr Sproule and Mr Graziano also have skills and experience which enable them to make valuable contributions to Kin in addition to their roles as Non‐Executive Directors.

Phone

08 9242 2227

A summary of the key terms and conditions for Mr Dixon, Mr Sproule and Mr Graziano are set out Schedule 1.

Email

info@kinmining.com.au

Website

For further information, please contact:

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www.kinmining.com.au

Shares on Issue: 162,219,684

Don Harper Paul Armstrong/Nicholas Read Managing Director Read Corporate Kin Mining NL +61 (0) 8 9388 1474 +61 8 9242 2227

Unlisted Options : 28,342,250

ASX: KIN

Schedule 1 Summary of Key Terms and Conditions of Engagement

Schedule 1 Summary of Key Terms and Conditions of Engagement	Schedule 1 Summary of Key Terms and Conditions of Engagement	Schedule 1 Summary of Key Terms and Conditions of Engagement
Mr Trevor Dixon
Position	Non‐Executive Chairman	Tenement, Land Manager & Business Development Manager
Status	Employee	Employee
Term	Subject to constitution	Permanent
Termination	‐ Retire by rotation ‐ 6 months termination on loss of role on change of control	‐3 month notice period by either party ‐12 months’ termination for change of control, change of role or termination byEmployer
Fee/Salary	$50,000pa	$190,000pa
Superannuation	included	included
Leave	N/A	StatutoryAnnual,LSL and other leave
Reportingto	Board/Shareholders	ManagingDirector
Long Term Incentives	As granted by the Board as part of a grant of benefits to Directors and subject to shareholder approval.	As granted by the Board as part of a grant of benefits to employees and subject to shareholder approval.
Other Benefits	Indemnity & Access Deed D&O Insurance	N/A

	Mr David Sproule	Mr David Sproule	Mr David Sproule
	Position	Non‐Executive Director	Technical Consultant
	Status	Consultant	Consultant
	Term	Subject to constitution	As required
	Termination	‐ Retire by rotation ‐ 6 months termination on loss of role on change of control	N/A
	Fee/Salary	$36,000pa	$1,500per dayas required
	Superannuation	N/A	N/A
	Leave	N/A	N/A
	Reportingto	Board/Shareholders	ManagingDirector
	Long Term Incentives	As granted by the Board as part of a grant of benefits to Directors and subject to shareholder approval.	N/A
	Other Benefits	Indemnity & Access Deed D&O Insurance	N/A

	Mr Giuseppe (Joe) Graziano	Mr Giuseppe (Joe) Graziano
	Position	Non‐Executive Director	Company Secretary
	Status	Consultant	Consultant
	Term	Subject to constitution	Casual
	Termination	‐ Retire by rotation ‐ 6 months termination on loss of role on change of control	‐3 month notice period by either party
	Fee/Salary	$36,000pa	$10,000per month
	Superannuation	N/A	N/A
	Leave	N/A	N/A
	Reportingto	Board/Shareholders	ManagingDirector/Board/Shareholders
	Long Term Incentives	As granted by the Board as part of a grant of benefits to Directors and subject to shareholder approval.	N/A
	Other Benefits	Indemnity & Access Deed D&O Insurance	N/A