RAGNAR METALS LIMITED — Director's Dealing 2014

May 18, 2014

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Brett Fraser
Date of last notice	9 August 2013

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.Date of change	Indirect1.Pinewood Asset Pty Ltd2.Tyler Street Holdings Pty Ltd3.WSG Capital Pty Ltd16 May 2014
No. of securities held prior to change	Direct45,000 Ordinary Shares7,500 Options 7 cents expiring 01/08/2014Indirect1.3,600,567 Ordinary Shares215,034 Options 7 cents expiring 01/08/20142.1,765,000 Ordinary Shares225,000 Options 7 cents expiring 01/08/20143.213,750 Ordinary Shares35,625 Options 7 cents expiring 01/08/2014
Class	Ordinary Shares and Options

+ See chapter 19 for defined terms.

Number acquired	1,003,334 Ordinary Shares334,444 Options 5 cents expiring 01/08/2015
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$25,083
No. of securities held after change	Direct60,000 Ordinary Shares7,500 Options 7 cents expiring 01/08/20145,000 Options 5 cents expiring 01/08/2015Indirect1.4,000,567 Ordinary Shares215,034 Options 7 cents expiring 01/08/2014133,333 Options 5 cents expiring 01/08/20152.2,353,334 Ordinary Shares225,000 Options 7 cents expiring 01/08/2014196,111 Options 7 cents expiring 01/08/20153.213,750 Ordinary Shares35,625 Options 7 cents expiring 01/08/2014
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividend reinvestment plan,participation in buy-back	Non-renounceable Rights Issue

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class ofsecurities to which	-
interest related prior to change
Note: Details are only required for a contract inrelation to which the interest has changed
Interest acquired	-
Interest disposed	-

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Jay Stephenson
Date of last notice	9 August 2013

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Indirect1.Almamater Pty Ltd2.Pazzia Pty Ltd3.Shares held by Spouse4.WSG Capital Pty Ltd
Date of change	16 May 2014
No. of securities held prior to change	Direct10,000 Ordinary SharesIndirect1.1,805,378 Ordinary Shares200,189 Options 7 cents expiring 01/08/20142.1,010,000 Ordinary Shares7,500 Options 7 cents expiring 01/08/20143.105,000 Ordinary Shares4.213,750 Ordinary Shares35,625 Options 7 cents expiring 01/08/2014

+ See chapter 19 for defined terms.

Class	Ordinary Shares and Options
Number acquired	400,000 Ordinary Shares133,333 Options 5 cents expiring 01/08/2015
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$10,000
No. of securities held after change	Direct10,000 Ordinary SharesIndirect1.2,205,378 Ordinary Shares200,189 Options 7 cents expiring 01/08/2014133,333 Options 5 cents expiring 01/08/20142.1,010,000 Ordinary Shares7,500 Options 7 cents expiring 01/08/20143.105,000 Ordinary Shares4.213,750 Ordinary Shares35,625 Options 7 cents expiring 01/08/2014
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Non-renounceable Rights Issue

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to which	-
interest related prior to change
Note: Details are only required for a contract inrelation to which the interest has changed
Interest acquired	-
Interest disposed	-

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

Part 3 – +Closed period

Were the interests in the securitiesor contracts detailedabove traded during a +closed periodwhere prior written	No
clearance was required?If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001. Amended 01/01/11

Name of entity	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Beeson
Date of last notice	9 August 2013

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct& Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	1.Beeson Family A/C2.Spouse3.Beeson Superannuation Fund
Date of change	16 May 2014
No. of securities held prior to change	Direct770,000 Ordinary Fully Paid SharesIndirect1.750,000 Ordinary Fully Paid Shares2.11,200 Ordinary Fully Paid Shares3.525,000 Ordinary Fully Paid Shares212,500 Options 7 cents expiring 01/08/2014
Class	Ordinary Shares and Option
Number acquired	203,734 Ordinary Shares67,912Options 5cents expiring 01/08/2015

+ See chapter 19 for defined terms.

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5,093
No. of securities held after change	Direct770,000 Ordinary Fully Paid SharesIndirect1.750,000 Ordinary Fully Paid Shares2.14,934Ordinary Fully Paid Shares1,245 Options 5 cents expiring 01/08/20153.725,000 Ordinary Fully Paid Shares212,500 Options 7 cents expiring 01/08/201466,667Options 5cents expiring 01/08/2015
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Non-renounceable Rights Issue

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to	-
which interest related prior to
changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and an	-
estimated valuation
Interest after change	-

+ See chapter 19 for defined terms.

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.