PATRONUS RESOURCES LIMITED — Remuneration Information 2017

May 30, 2017

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A.C.N: 150 597 541

Board of Directors

MANAGING DIRECTOR’S REMUNERATION PACKAGE

Trevor Dixon Chairman

Don Harper Managing Director

David Sproule Non-Executive Director

Kin Mining NL (ASX: KIN) is pleased to announce that it has finalised the remuneration package for Managing Director Don Harper.

Mr Harper was promoted from Chief Executive to Managing Director on 13 February 2017. However, his remuneration package was not revised in line with his expanded duties and responsibilities.

Joe Graziano

Non-Executive Director/ Company Secretary

Contact Details

Kin Chairman Trevor Dixon said the Company was pleased to secure Mr Harper’s services by completing the remuneration package.

Post

PO Box 565 Mount Hawthorn Western Australia 6915

Office

342 Scarborough Beach Road Osborne Park Western Australia 6017

Phone

“Don has worked extremely hard on the Definitive Feasibility Study for the Leonora Gold Project and in the process, has not had time to finalise his remuneration contract,” Mr Dixon said.

“On behalf of the Board, I would like to thank him for making the Company and the project his top priorities. This is evidenced by the huge progress made on the DFS and the recent discovery of the spectacular Lewis deposit at Leonora.

“However, given his expanded responsibilities as Managing Director, it is important that we finalised his new remuneration contract.

08 9242 2227

Email info@kinmining.com.au

“With Don’s services now secured, Kin can focus on completing the DFS in the coming quarter, growing the Lewis discovery and beginning the countdown to production and cashflow.”

Website

www.kinmining.com.au

A summary of the key terms and conditions of Mr Harper’s employment are set out in the table below.

Shares on Issue: 46,614,690 (KIN) 159,356,184 Unlisted Options : 30,205,750

-ENDS-

ASX: KIN

Mr Don Harper Summary of Key Terms and Conditions of Employment

Appointment	The appointment is to the position of Managing Director of Kin Mining NL	The appointment is to the position of Managing Director of Kin Mining NL
Commencement	Mr Harper commenced as Managing Director of the Company on 13 February 2017
Term	The appointment will be on an ongoing basis with termination provisions summarised below.
Remuneration	There will be three components to Mr Harper’s remuneration:(a) Gross Annual Remuneration PackageMr Harper will be paid a base annual remuneration of $270,000 plus statutory superannuation contributions.The employer may review the employee’s performance, remuneration and benefits in accordance with theemployer policy from time to time.(b) Short Term Incentive BenefitsPerformance Performance Cash Bonus ConditionsHurdles RightsCompletion DFS &Project Funding $100,000 $50,000 Allocation and cash paymentWithin 1 month following theMilestone.Capital ExpenditureOn LGP is within 10%Of Budget $100,000 $50,000 Budget & Contingency to beDetermined from DFS withAllocation and payment madeWithin 1 month followingInternal confirmation.First Month of GoldProduction exceeding4,000 fine Oz outputAt LGP $100,000 $50,000 Allocation and payment madeWithin 1 month following theMilestone.Steady State Productionat design throughput ofThe LGP Mill $100,000 $50,000 Six months commercialProduction achieving designThroughput and gold outputWith allocation and payment 1Month following milestone.(c) Long Term Incentive Benefits1m options @ $0.75 expiry 20201m options @ $1.00 expiry 20211m options @ $1.25 expiry 2022
Termination		The employment agreement may be terminated by either party with 3 months notice.If the contract is terminated by the Company or there is a Change in Control or a Change in Employmentthe employee is entitled to an amount on termination equal to 12 months remuneration.Termination by Kin Mining without notice for serious misconduct or other circumstances justifyingsummarydismissal. In this case onlyaccrued legal entitlements will bepaid.

Other Benefits Mr Harper is entitled to:  The benefit of a Deed of Indemnity, insurance and access on usual commercial terms. Other Provisions The Agreement also contains general provisions in relation to confidential information and non-compete arrangements. For further information, please contact: Don Harper Paul Armstrong/Nicholas Read Managing Director Read Corporate Kin Mining NL +61 (0) 8 9388 1474 +61 8 9242 2227