RAMELIUS RESOURCES LIMITED — Capital/Financing Update 2015

Jul 1, 2015

1 July 2015 For Immediate Release

NOTIFICATION OF EXPIRY OF OPTIONS

Ramelius Resources Limited advises that the attached notification of expiry of options has today been mailed to all holders of RMSO Options.

Dom Francese Company Secretary

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----- Start of picture text ----- Ordinary Shares: 469MDIRECTORSCHAIRMAN:Robert KennedyNON-EXECUTIVE DIRECTORS:Kevin LinesMichael BohmMANAGING DIRECTOR:Mark Zeptnerwww.rameliusresources.com.auinfo@rameliusresources.com.auRAMELIUS RESOURCES LIMITEDRegistered OfficeSuite 4, 148 Greenhill RoadParkside, AdelaideSouth Australia 5063Tel +61 8 8271 1999Fax +61 8 8271 1988Operations OfficeLevel 1, 130 Royal StreetEast Perth WA 6004Tel 08 9202 1127Fax 08 9202 1138----- End of picture text -----

26 June 2015

Dear Option Holder

NOTIFICATION OF EXPIRY OF OPTIONS

At the date of this notice you are the registered holder of “RMSO” Options in Ramelius Resources Limited which are due to expire on 1 August 2015. Your options will expire unless exercised on or before that date. It is therefore important that you carefully read the following information and if necessary seek independent financial advice.

Expiry Date

Your options expire at 5pm on Saturday 1 August 2015. Quotation of these options (ASX code: “RMSO”) will cease on the Australian Securities Exchange at the close of trading on Monday 27 July 2015.

Number of Options held and amount due on exercise

The number of options held at the date of this notice and the amount due on any exercise of options is shown on the attached Exercise of Options Notice Form.

Exercise Price and Payment

The exercise price of the Options is $0.12 per Option. One fully paid ordinary share in the Company will be issued for each Option exercised. You may exercise your Options by payment of the amount due on exercise. Cheques in Australian currency equivalent to the amount due on exercise should be made payable to Ramelius Resources Limited and crossed “Not Negotiable”.

Your cheque, together with completed and signed Exercise of Options Notice Form should be lodged with the Company’s Share Registry, Computershare Investor Services Pty Ltd, Level 5, 115 Grenfell Street Adelaide SA 5000 (GPO Box 1903 Adelaide SA 5001) by no later than close of business on Friday 31 July 2015. Any enquiries should be directed to the Share Registry on 1300 556 161 (within Australia) or +61 3 9415 4000 (outside Australia).

Consequence of Non-Payment

Options not exercised by 1 August 2015 will expire with no value and no further entitlement will exist.

Underwriting

No underwriting agreement exists in respect of these options.

Share prices

www.rameliusresources.com.au info@rameliusresources.com.au

RAMELIUS RESOURCES LIMITED

Registered Office

4/148 Greenhill Road Parkside South Australia 5063 Tel +61 8 8271 1999 Fax +61 8 8271 1988

The latest available market sale price on the Australian Securities Exchange Limited before the date of this notice for fully paid ordinary shares in Ramelius Resources Limited (ASX code “RMS”) being the underlying securities to which the Options relate to was $0.12 on 25 June 2015.

The highest and lowest market price for fully paid ordinary shares in Ramelius Resources Limited (ASX code “RMS”) being the underlying securities to which the Options relate to during the three months immediately before the date of this notice and the respective dates were as follows:

Highest Price: $0.157 on 13 and 16 April 2015 Lowest Price: $0.10 on 1 April 2015

Yours faithfully

Operations Office

Level1, 130 Royal Street East Perth WA 6004 Tel 08 9202 1127 Fax 08 9202 1138

RM Kennedy Chairman

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Ramelius Resources Limited

ABN 51 001 717 540

Option Expiry Notice

Use a black pen. Where a choice is required, Print in CAPITAL letters A B C 1 2 3 mark the box with an ‘X’ inside the grey areas.

X

Options exercisable at A$0.12 expiring on 1 August 2015

Dear Optionholder(s)

You are reminded that the Options to subscribe for Ordinary Shares in the capital of Ramelius Resources Limited registered in your name expire on 1 August 2015. These Options are exercisable wholly or in part by the payment of A$0.12 for each option exercised. Payment has to be received at the address overleaf, by 5:00pm (Adelaide time) on Friday 31 July 2015. For every one option exercised, the optionholder will be allotted one Ordinary Share in the capital of Ramelius Resources Limited.

Options not exercised by 1 August 2015 will lapse.

Optionholder Entitlement details ASX Code RMSO Number of Options registered in your name Amount payable on full exercise of Options at A$0.12 per Option Number of Ordinary Shares to be issued

To be completed by the Optionholder

Number of Options to be exercised

Amount enclosed at A$0.12 per Option

I/We enclose my/our payment for the amount shown above being payment of A$0.12 per Option.

To the Directors

Ramelius Resources Limited

I/We the abovementioned being the registered holder(s) of the Options, hereby exercise my/our option for Ordinary Shares in Ramelius Resources Limited and I/we request you allot to me/us and I/we agree to be bound by the Constitution of the Company.

Cheque details - Make your cheque or bank draft payable to Ramelius Resources Limited

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Sign Here - This section must be signed for your instructions to be executed

Individual or Optionholder 1 Optionholder 2 Optionholder 3 Sole Director and Sole Company Secretary Director/Company Secretary Director

Contact Details

Please provide your contact details in case we need to speak to you about this slip

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See back of form for completion guidelines

200690_Samples/000001/000001

How to complete this form

Exercise your Options in full or part

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Registration Name(s) Signature(s) The fully paid ordinary shares will be registered in the name(s) printed You must sign the form as follows in the space provided: on the form. Individual: where the holding is in one name, the Optionholder must sign. Options Exercised Enter the number of Options you wish to exercise. Joint holding: the holding is in more than one name all of the Optionholders must sign. Exercise Moneys Enter the amount of exercise moneys. To calculate the amount payable, Power of Attorney: to sign under Power of Attorney, you must have already multiply the number of Options exercised by the exercise price. lodged this document with the registry. Alternatively, attach an originally certified copy of the Power of Payment Attorney to this form when you return it. Make your cheque or bank draft payable to Ramelius Resources Limited in Companies: this form must be signed by either 2 Directors or a Australian currency and cross it Not Negotiable. Your cheque or bank draft must be drawn on an Australian Bank. Director and a Company Secretary. Alternatively, where the company has a Sole Director and, pursuant to the Complete the cheque details in the boxes provided. The total amount must Corporations Act, there is no Company Secretary, or agree with the amount shown in box B. where the Sole Director is also the Sole Company Sufficient cleared funds must be held in your account as cheques Secretary, that Director may sign alone. Delete titles as returned unpaid may not be re-presented and may result in your applicable. Exercise of Options Notice being rejected. Pin (do not staple) your cheque(s) to the Exercise of Options Notice. Cash will not be accepted. Deceased Estate: all executors must sign and, if not already noted by the Receipt for payment will not be forwarded. registry, a certified copy of Probate or Letters of Administration must accompany this form.

This is an important document and requires your immediate attention. If you are in any doubt as to how to deal with it, please consult your Financial or other Professional Advisor.

Lodgement of Notice

Option Expiry Notices must be received by Computershare Investor Services Pty Limited Adelaide by no later than 5:00pm (Adelaide time) on Friday 31 July 2015. You should allow sufficient time for this to occur. Return the Option Expiry Notice with cheque(s) attached to:

Computershare Investor Services Pty Limited GPO Box 1903 Adelaide SA 5000

Neither CIS nor the Company accepts any responsibility if you lodge the Option Expiry Notice at any other address or by any other means.

Privacy Notice

The personal information you provide on this form is collected by Computershare Investor Services Pty Limited (CIS), as registrar for the securities issuers (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. In addition, the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing privacy@computershare.com.au. We may be required to collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuer’s administration of the securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer at privacy@computershare.com.au or see our Privacy Policy at http://www.computershare.com/au.

No Underwriting

No underwriting agreement currently exists in respect of these options.

If you have any enquiries concerning your Option holding, please contact Computershare Investor Services Pty Limited on 1300 556 161 within Australia, or on +61 3 9415 4000 if overseas