RAMELIUS RESOURCES LIMITED — Director's Dealing 2017

Jun 7, 2017

8 June 2017

ISSUED CAPITAL

Ordinary Shares: 526M

DIRECTORS

NON-EXECUTIVE CHAIRMAN: Robert Kennedy NON-EXECUTIVE DIRECTORS: Kevin Lines Michael Bohm MANAGING DIRECTOR: Mark Zeptner

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

RAMELIUS RESOURCES LIMITED

Registered Office

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

Operations Office Level 1, 130 Royal Street East Perth WA 6004 Tel +61 8 9202 1127

8 June 2017 For Immediate Release

MANAGING DIRECTOR – SHARE & OPTION TRANSACTIONS AND APPENDIX 3Y

Ramelius Resources Limited (ASX:RMS) wishes to advise that Managing Director, Mark Zeptner has sold 2,025,000 shares for the purposes of funding the exercise of 1,500,000 options over shares in the Company prior to expiry and meeting personal tax obligations.

Mr Zeptner carried out the majority of the share sale via an off-market transaction at $0.40 per share. 1,500,000 options have also been exercised that resulted in the issue of 1,500,000 Ramelius shares to Mr Zeptner.

Mr Zeptner has been with Ramelius for more than five years, commencing as Chief Operating Officer in March 2012, and this is his first sale of shares in the Company. During his tenure as either CEO or Managing Director from 14 June 2014 until current, the Ramelius share price has risen from a low of $0.039 to as high as $0.735 in February of this year. The recent re-trace back to the low $0.40 per share mark has been largely attributed to the changing rules of the Van Eck Junior Miners ETF which currently owns the largest single shareholding in the Company.

Ramelius recently released an updated four-year life of mine plan, centred around its Mt Magnet and Vivien operations in Western Australia, and is an active explorer and well positioned for further project acquisitions as they present.

An Appendix 3Y - Change of Director's Interest Notice is attached.

Dom Francese Company Secretary Ramelius Resources Limited

For investor enquiries contact: Duncan Gordon Executive Director Adelaide Equity Partners Limited Ph: +61 8 8232 8800

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 30/09/01 Amended 01/01/11

Name of entity	Ramelius Resources Limited
ABN	51 001 717 540

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	Mark William Zeptner
Date of last notice	23/12/2016

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	1 and 8 June 2017
No. of securities held prior to change	(a) 2,025,000 shares (direct)(b) 12,500 shares (jointly with spouse ValmaAnne Zeptner)(c) 1,500,000 unlisted $0.24869 optionsexpiring 11 June 2017 (direct)(d) 1,500,000 unlisted $0.29869 optionsexpiring 11 June 2018 (indirect via MarkWilliam Zeptner and Valma AnneZeptner as trustees for the ZeptnerSuperannuation Fund)(e) 1,500,000 unlisted $0.20 options vestingon 11/6/2017 and expiring 11 June 2019(indirect via Mark William Zeptner andValma Anne Zeptner as trustees for theZeptner Superannuation Fund)

+ See chapter 19 for defined terms.

ClassNumber acquired	(f) 1,500,000 unlisted $0.20 options vestingon 11/6/2018 and expiring 11 June 2020(indirect via Mark William Zeptner andValma Anne Zeptner as trustees for theZeptner Superannuation Fund)(g) 500,000 unlisted Performance Rightsvesting on 11/6/2019 and expiring 11June 2026(a) - (b) Ordinary fully paid shares(c) - (f) Unlisted options(g) Performance Rights1,500,000 Shares
Number disposed	2,025,000 Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Sold 2,000,000 @ $0.40 per shareSold 25,000 @ $0.42 per shareExercised 1,500,000 options at $0.24869each.
No. of securities held after change	(a) 1,500,000 shares (direct)(b) 12,500 shares (jointly with spouse ValmaAnne Zeptner)(c) Nil unlisted $0.24869 options expiring 11June 2017 (direct)(d) 1,500,000 unlisted $0.29869 optionsexpiring 11 June 2018 (indirect via MarkWilliam Zeptner and Valma AnneZeptner as trustees for the ZeptnerSuperannuation Fund)(e) 1,500,000 unlisted $0.20 options vestingon 11/6/2017 and expiring 11 June 2019(indirect via Mark William Zeptner andValma Anne Zeptner as trustees for theZeptner Superannuation Fund)(f) 1,500,000 unlisted $0.20 options vestingon 11/6/2018 and expiring 11 June 2020(indirect via Mark William Zeptner andValma Anne Zeptner as trustees for theZeptner Superannuation Fund)(g) 500,000 unlisted Performance Rightsvesting on 11/6/2019 and expiring 11June 2026
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Sold 2,000,000 shares off-market and 25,000on-market to fund exercise of 1,500,000options prior to expiry and meet personal taxobligations. 1,500,000 shares issued as resultof exercised options.

+ See chapter 19 for defined terms.

Part 2 – Change of director's interests in contracts - N/A -

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changedInterest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

Part 3 – +Closed period

N/A
N/A
N/A

+ See chapter 19 for defined terms.