REGIS RESOURCES LIMITED — Major Shareholding Notification 2020

Mar 26, 2020

604 GUIDE page 1/1 13 March 2000

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Regis Resources Limited

ACN/ARSN 009 174 761

1. Details of substantial holder (1)

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Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
ToCompany Name/Scheme Regis Resources Limited ACN/ARSN 009 174 761 1. Details of substantial holder (1)
Name Van Eck Associates Corporation (and its associates referred to in paragraph 6). ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 23/03/2020 The previous notice was given to the company on 19/03/2019 The previous notice was dated 18/03/2019 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities (4) Previous notice Present notice Person’s votes Voting power(5) Person’s votes Voting power(5) Ordinaryshares 64,133,052 12.63% 57,767,534 11.37% 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person’s votes affected Van Eck Associates Corporation(VEAC) See Annexure A 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:			Van Eck Associates Corporation (and its associates referred to in paragraph 6).
			N/A
	Holder of relevant interest	Registered holder of securities			Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
	VEAC	Bank of New York Mellon as custodian for VanEck Vectors Gold Miners ETF			VanEck Vectors Gold Miners ETF (GDX)	VEAC holds its relevant interest by having the power to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities	Ordinary shares 30,991,226	6.10%

Holder of	Registered	Person entitled	Nature of	Class and
relevant	holder of	to be registered	relevant	number of	Person’s votes
interest	securities	as holder (8)	interest (6)	securities
VEAC	Bank of New York	VanEck Vectors Gold	VEAC holds its relevant	Ordinary shares	6.10%
	Mellon as custodian for VanEck Vectors	Miners ETF (GDX)	interest by having the power to exercise, control	30,991,226
	Gold Miners ETF		the exercise of, or
			influence the exercise of,
			the voting powers or
			disposal of the securities

ME_170069485_1

VEAC	Bank of New York Mellon as custodian for VanEck Vectors Junior Gold Miners ETF	VanEck Vectors Junior Gold Miners ETF (GDXJ)	Same as above.	Ordinary shares 24,620,695	4.84%
VEAC	Bank of New York Mellon as custodian for VanEck Vectors Australian Resources ETF	VanEck Vectors Australian Resources ETF (MVR.AU)	Same as above.	Ordinary shares 211,645	0.04%
VEAC	Bank of New York Mellon as custodian for VanEck Vectors Small Cap Dividend Payers ETF	VanEck Vectors Small Cap Dividend Payers ETF (MVS.AU)	Same as above.	Ordinary shares 348,534	0.07%
VEAC	Bank of New York Mellon as custodian for VanEck Vectors Global Mining UCITS ETF	VanEck Vectors Global Mining UCITS ETF (UCTGDIG)	Same as above.	Ordinary shares 4,845	0.00%
VEAC	Bank of New York Mellon as custodian for VanEck Vectors Gold Miners UCITS ETF	VanEck Vectors Gold Miners UCITS ETF (UCTGDX)	Same as above.	Ordinary shares 749,045	0.15%
VEAC	Bank of New York Mellon as custodian for VanEck Vectors Junior Gold Miners UCITS ETF	VanEck Vectors Junior Gold Miners UCITS ETF (UCTGDXJ)	Same as above.	Ordinary shares 841,544	0.17%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

ME_170069485_1

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia PtyLtd	Level 4 Aurora Place, 88 PhillipStreet, SydneyNSW 2000
VanEck Investments Limited	Level 4 Aurora Place, 88 PhillipStreet, SydneyNSW 2000

Signature

print name ANDREW TILZER	capacity	AVP
sign here	date	26/03/2020
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
d to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ME_170069485_1

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	03/15/2019	B	3,747,272.62	-	697,328
GDX	03/19/2019	S	-	In-Kind	184,250
GDX	03/20/2019	S	-	In-Kind	55,275
GDX	03/22/2019	S	-	In-Kind	29,480
GDX	03/29/2019	S	-	In-Kind	254,265
GDX	04/01/2019	S	-	In-Kind	254,265
GDX	04/02/2019	S	-	In-Kind	147,400
GDX	04/03/2019	S	-	In-Kind	221,100
GDX	04/05/2019	S	-	In-Kind	92,150
GDX	04/09/2019	S	-	In-Kind	199,044
GDX	04/10/2019	S	-	In-Kind	92,150
GDX	04/11/2019	S	-	In-Kind	92,150
GDX	04/12/2019	S	-	In-Kind	92,150
GDX	04/15/2019	S	-	In-Kind	199,044
GDX	04/15/2019	B	287,855.02	-	57,878
GDX	04/16/2019	S	-	In-Kind	73,720
GDX	05/02/2019	S	-	In-Kind	184,750
GDX	05/03/2019	S	-	In-Kind	332,550
GDX	05/10/2019	S	-	In-Kind	36,940
GDX	05/13/2019	S	-	In-Kind	110,820
GDX	05/13/2019	B	45,434.37	-	10,269
GDX	05/22/2019	S	-	In-Kind	55,275
GDX	05/31/2019	B	-	In-Kind	180,761
GDX	06/03/2019	S	-	In-Kind	162,316
GDX	06/04/2019	S	-	In-Kind	66,402
GDX	06/05/2019	S	-	In-Kind	438,991
GDX	06/06/2019	S	-	In-Kind	59,056
GDX	06/11/2019	S	-	In-Kind	55,350
GDX	06/12/2019	S	-	In-Kind	92,250
GDX	06/13/2019	S	-	In-Kind	44,292
GDX	06/14/2019	S	-	In-Kind	11,073
GDX	06/17/2019	S	-	In-Kind	73,820
GDX	06/18/2019	S	-	In-Kind	95,966
GDX	06/20/2019	S	-	In-Kind	520,431
GDX	06/21/2019	S	-	In-Kind	29,528
GDX	06/21/2019	B	6,290,873.69	-	1,242,386
GDX	06/24/2019	S	-	In-Kind	19,240
GDX	06/25/2019	B	-	In-Kind	100,022
GDX	06/26/2019	B	-	In-Kind	150,033
GDX	06/27/2019	S	-	In-Kind	7,694
GDX	06/28/2019	S	-	In-Kind	92,352
GDX	07/01/2019	S	-	In-Kind	107,716
GDX	07/02/2019	S	-	In-Kind	369,312
		Page	1 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	07/05/2019	S	-	In-Kind	53,872
GDX	07/09/2019	S	-	In-Kind	23,082
GDX	07/10/2019	S	-	In-Kind	203,891
GDX	07/12/2019	S	-	In-Kind	88,481
GDX	07/15/2019	S	-	In-Kind	15,388
GDX	07/16/2019	S	-	In-Kind	92,328
GDX	07/17/2019	S	-	In-Kind	80,787
GDX	07/18/2019	B	-	In-Kind	38,470
GDX	07/19/2019	B	-	In-Kind	238,514
GDX	07/22/2019	B	-	In-Kind	219,279
GDX	07/23/2019	B	-	In-Kind	103,869
GDX	07/25/2019	B	-	In-Kind	23,082
GDX	07/26/2019	B	-	In-Kind	99,996
GDX	08/02/2019	S	-	In-Kind	57,690
GDX	08/06/2019	B	-	In-Kind	111,534
GDX	08/07/2019	B	-	In-Kind	203,838
GDX	08/12/2019	S	-	In-Kind	38,460
GDX	08/13/2019	S	-	In-Kind	126,918
GDX	08/14/2019	S	-	In-Kind	315,290
GDX	08/15/2019	S	-	In-Kind	19,225
GDX	08/16/2019	S	-	In-Kind	215,320
GDX	08/19/2019	S	-	In-Kind	161,490
GDX	08/20/2019	S	-	In-Kind	173,025
GDX	08/21/2019	S	-	In-Kind	46,140
GDX	08/26/2019	B	-	In-Kind	3,847
GDX	08/27/2019	B	-	In-Kind	30,784
GDX	08/28/2019	B	-	In-Kind	7,696
GDX	09/04/2019	B	-	In-Kind	858,773
GDX	09/06/2019	B	-	In-Kind	292,676
GDX	09/09/2019	S	-	In-Kind	19,255
GDX	09/10/2019	B	-	In-Kind	608,458
GDX	09/11/2019	S	-	In-Kind	7,702
GDX	09/12/2019	S	-	In-Kind	7,706
GDX	09/13/2019	B	-	In-Kind	188,846
GDX	09/16/2019	S	-	In-Kind	647,472
GDX	09/17/2019	S	-	In-Kind	50,102
GDX	09/18/2019	S	-	In-Kind	96,325
GDX	09/19/2019	B	-	In-Kind	655,010
GDX	09/20/2019	S	-	In-Kind	11,559
GDX	09/20/2019	S	2,129,733.80	-	442,163
GDX	09/23/2019	B	-	In-Kind	18,970
GDX	09/27/2019	S	-	In-Kind	18,970
GDX	10/01/2019	S	-	In-Kind	7,588

==> picture [38 x 30] intentionally omitted <==

Page 2 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	10/02/2019	S	-	In-Kind	15,176
GDX	10/04/2019	S	-	In-Kind	37,940
GDX	10/08/2019	S	-	In-Kind	166,936
GDX	10/16/2019	S	-	In-Kind	128,962
GDX	10/17/2019	B	-	In-Kind	3,793
GDX	10/23/2019	S	-	In-Kind	83,446
GDX	10/24/2019	B	-	In-Kind	15,172
GDX	10/29/2019	B	-	In-Kind	11,379
GDX	10/30/2019	B	-	In-Kind	109,997
GDX	10/31/2019	B	-	In-Kind	208,615
GDX	11/01/2019	B	-	In-Kind	421,023
GDX	11/04/2019	B	-	In-Kind	75,860
GDX	11/05/2019	B	-	In-Kind	174,478
GDX	11/06/2019	B	-	In-Kind	322,405
GDX	11/07/2019	B	-	In-Kind	60,688
GDX	11/08/2019	B	-	In-Kind	413,437
GDX	11/11/2019	B	-	In-Kind	166,892
GDX	11/12/2019	B	-	In-Kind	106,204
GDX	11/13/2019	B	-	In-Kind	144,134
GDX	11/18/2019	S	-	In-Kind	246,545
GDX	11/19/2019	S	-	In-Kind	113,760
GDX	11/26/2019	B	-	In-Kind	11,358
GDX	11/27/2019	B	-	In-Kind	177,989
GDX	12/05/2019	S	-	In-Kind	18,950
GDX	12/06/2019	S	248,926.98	-	54,035
GDX	12/09/2019	B	-	In-Kind	109,910
GDX	12/11/2019	S	-	In-Kind	530,600
GDX	12/13/2019	S	-	In-Kind	30,320
GDX	12/16/2019	S	-	In-Kind	75,800
GDX	12/19/2019	B	-	In-Kind	7,578
GDX	12/20/2019	B	-	In-Kind	132,650
GDX	12/20/2019	S	6,391,291.24	-	1,556,148
GDX	12/23/2019	S	-	In-Kind	145,400
GDX	12/24/2019	B	-	In-Kind	122,706
GDX	12/27/2019	B	-	In-Kind	126,315
GDX	12/30/2019	B	-	In-Kind	270,675
GDX	12/31/2019	B	-	In-Kind	147,969
GDX	01/02/2020	B	-	In-Kind	169,623
GDX	01/06/2020	S	-	In-Kind	14,436
GDX	01/07/2020	B	-	In-Kind	97,443
GDX	01/08/2020	B	-	In-Kind	303,156
GDX	01/09/2020	B	-	In-Kind	97,443
GDX	01/10/2020	B	-	In-Kind	79,398

==> picture [40 x 32] intentionally omitted <==

Page 3 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	01/14/2020	B	-	In-Kind	90,225
GDX	01/15/2020	B	-	In-Kind	137,104
GDX	01/16/2020	B	-	In-Kind	72,160
GDX	01/22/2020	S	-	In-Kind	54,120
GDX	01/24/2020	S	-	In-Kind	72,160
GDX	01/27/2020	S	-	In-Kind	43,296
GDX	01/28/2020	S	-	In-Kind	75,768
GDX	02/03/2020	S	-	In-Kind	61,336
GDX	02/07/2020	S	-	In-Kind	72,140
GDX	02/11/2020	S	-	In-Kind	72,140
GDX	02/14/2020	S	-	In-Kind	72,140
GDX	02/19/2020	B	-	In-Kind	353,486
GDX	02/20/2020	S	-	In-Kind	115,424
GDX	02/21/2020	S	-	In-Kind	216,420
GDX	02/24/2020	S	-	In-Kind	252,490
GDX	02/25/2020	S	-	In-Kind	144,360
GDX	02/26/2020	S	-	In-Kind	122,672
GDX	02/27/2020	S	-	In-Kind	220,088
GDX	02/28/2020	B	-	In-Kind	64,980
GDX	03/02/2020	S	-	In-Kind	36,100
GDX	03/03/2020	B	-	In-Kind	18,055
GDX	03/05/2020	S	-	In-Kind	3,612
GDX	03/09/2020	S	-	In-Kind	28,904
GDX	03/10/2020	S	-	In-Kind	90,325
GDX	03/11/2020	S	-	In-Kind	7,226
GDX	03/12/2020	S	-	In-Kind	281,892
GDX	03/13/2020	S	-	In-Kind	354,368
GDX	03/16/2020	S	-	In-Kind	39,787
GDX	03/17/2020	S	-	In-Kind	122,944
GDX	03/18/2020	B	-	In-Kind	647,085
GDX	03/19/2020	B	-	In-Kind	307,360
GDX	03/20/2020	S	-	In-Kind	488,160
GDX	03/23/2020	S	-	In-Kind	361,600
GDXJ	03/15/2019	B	11,836,553.25	-	2,202,658
GDXJ	03/18/2019	B	241,567.13	-	44,596
GDXJ	03/19/2019	S	-	In-Kind	274,516
GDXJ	03/25/2019	B	-	In-Kind	37,428
GDXJ	03/26/2019	B	-	In-Kind	99,800
GDXJ	03/28/2019	S	-	In-Kind	324,350
GDXJ	04/05/2019	B	-	In-Kind	124,770
GDXJ	04/09/2019	S	-	In-Kind	474,088
GDXJ	04/10/2019	B	-	In-Kind	112,275
GDXJ	04/11/2019	B	-	In-Kind	124,780

==> picture [37 x 30] intentionally omitted <==

Page 4 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXJ	04/23/2019	B	-	In-Kind	124,930
GDXJ	04/26/2019	B	-	In-Kind	124,940
GDXJ	04/29/2019	B	-	In-Kind	99,944
GDXJ	05/07/2019	B	-	In-Kind	187,395
GDXJ	05/08/2019	B	-	In-Kind	449,604
GDXJ	05/09/2019	B	-	In-Kind	187,275
GDXJ	05/10/2019	B	-	In-Kind	187,275
GDXJ	05/13/2019	B	-	In-Kind	74,904
GDXJ	05/14/2019	B	-	In-Kind	312,075
GDXJ	05/15/2019	S	-	In-Kind	499,280
GDXJ	05/16/2019	B	-	In-Kind	272,998
GDXJ	05/16/2019	S	297,448.85	-	63,827
GDXJ	05/20/2019	B	-	In-Kind	124,090
GDXJ	06/03/2019	S	-	In-Kind	620,450
GDXJ	06/05/2019	S	-	In-Kind	124,090
GDXJ	06/10/2019	S	-	In-Kind	197,008
GDXJ	06/11/2019	S	-	In-Kind	270,886
GDXJ	06/13/2019	S	-	In-Kind	98,464
GDXJ	06/17/2019	S	-	In-Kind	541,684
GDXJ	06/18/2019	S	-	In-Kind	393,952
GDXJ	06/19/2019	S	-	In-Kind	357,048
GDXJ	06/20/2019	S	-	In-Kind	36,942
GDXJ	06/21/2019	S	-	In-Kind	12,312
GDXJ	06/21/2019	B	3,927,490.78	-	775,641
GDXJ	06/24/2019	S	426,777.74	-	85,131
GDXJ	06/24/2019	S	-	In-Kind	38,256
GDXJ	06/26/2019	S	-	In-Kind	12,751
GDXJ	07/01/2019	S	-	In-Kind	89,264
GDXJ	07/02/2019	S	-	In-Kind	280,566
GDXJ	07/03/2019	S	-	In-Kind	51,008
GDXJ	07/08/2019	S	-	In-Kind	76,512
GDXJ	07/09/2019	S	-	In-Kind	76,512
GDXJ	07/11/2019	S	-	In-Kind	191,250
GDXJ	07/12/2019	S	-	In-Kind	178,514
GDXJ	07/15/2019	S	-	In-Kind	153,000
GDXJ	07/16/2019	S	-	In-Kind	127,500
GDXJ	07/18/2019	B	-	In-Kind	38,247
GDXJ	07/19/2019	B	-	In-Kind	50,992
GDXJ	07/22/2019	B	-	In-Kind	127,470
GDXJ	07/23/2019	B	-	In-Kind	178,458
GDXJ	07/24/2019	S	-	In-Kind	25,496
GDXJ	07/25/2019	B	-	In-Kind	152,976
GDXJ	07/31/2019	B	-	In-Kind	102,000

==> picture [49 x 30] intentionally omitted <==

Page 5 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXJ	08/02/2019	S	-	In-Kind	25,500
GDXJ	08/05/2019	S	-	In-Kind	229,482
GDXJ	08/07/2019	B	-	In-Kind	50,992
GDXJ	08/13/2019	S	-	In-Kind	25,492
GDXJ	08/14/2019	S	-	In-Kind	407,904
GDXJ	08/15/2019	S	-	In-Kind	76,482
GDXJ	08/19/2019	S	-	In-Kind	305,952
GDXJ	08/20/2019	S	-	In-Kind	280,456
GDXJ	08/23/2019	S	-	In-Kind	101,792
GDXJ	08/29/2019	S	-	In-Kind	25,462
GDXJ	09/03/2019	S	-	In-Kind	318,575
GDXJ	09/09/2019	S	-	In-Kind	12,752
GDXJ	09/10/2019	B	-	In-Kind	25,508
GDXJ	09/13/2019	S	-	In-Kind	89,299
GDXJ	09/13/2019	B	407,287.28	-	89,206
GDXJ	09/16/2019	B	-	In-Kind	1,295,729
GDXJ	09/17/2019	S	-	In-Kind	102,608
GDXJ	09/18/2019	S	-	In-Kind	141,064
GDXJ	09/19/2019	B	-	In-Kind	243,675
GDXJ	09/20/2019	S	-	In-Kind	12,824
GDXJ	09/20/2019	S	7,591,922.55	-	1,576,191
GDXJ	09/24/2019	B	-	In-Kind	145,092
GDXJ	09/25/2019	B	-	In-Kind	36,270
GDXJ	10/15/2019	B	-	In-Kind	36,270
GDXJ	10/22/2019	B	-	In-Kind	96,704
GDXJ	10/28/2019	B	-	In-Kind	96,696
GDXJ	10/30/2019	B	-	In-Kind	72,540
GDXJ	10/31/2019	B	-	In-Kind	72,540
GDXJ	11/01/2019	B	-	In-Kind	846,300
GDXJ	11/06/2019	B	-	In-Kind	290,136
GDXJ	11/07/2019	B	-	In-Kind	48,356
GDXJ	11/08/2019	B	-	In-Kind	181,350
GDXJ	11/11/2019	B	-	In-Kind	628,784
GDXJ	11/12/2019	B	-	In-Kind	302,300
GDXJ	11/13/2019	B	-	In-Kind	169,274
GDXJ	11/15/2019	B	-	In-Kind	120,910
GDXJ	11/18/2019	B	-	In-Kind	193,472
GDXJ	11/19/2019	B	-	In-Kind	96,736
GDXJ	12/11/2019	S	-	In-Kind	1,683,920
GDXJ	12/18/2019	S	-	In-Kind	12,028
GDXJ	12/20/2019	S	11,441,750.57	-	2,785,831
GDXJ	12/23/2019	B	-	In-Kind	87,824
GDXJ	12/24/2019	B	-	In-Kind	65,580

==> picture [45 x 24] intentionally omitted <==

Page 6 of 12

This is Annexure A of 4 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXJ	12/27/2019	B	-	In-Kind	163,935
GDXJ	12/31/2019	B	-	In-Kind	229,509
GDXJ	01/02/2020	B	-	In-Kind	174,864
GDXJ	01/03/2020	S	-	In-Kind	10,928
GDXJ	01/06/2020	S	-	In-Kind	10,928
GDXJ	01/08/2020	S	-	In-Kind	218,540
GDXJ	01/08/2020	S	902,987.95	-	201,701
GDXJ	01/09/2020	S	-	In-Kind	108,520
GDXJ	01/10/2020	S	-	In-Kind	108,520
GDXJ	01/13/2020	S	-	In-Kind	173,632
GDXJ	01/14/2020	S	-	In-Kind	217,040
GDXJ	01/16/2020	S	-	In-Kind	434,040
GDXJ	01/29/2020	S	-	In-Kind	86,824
GDXJ	01/30/2020	B	4,454,601.54	-	989,219
GDXJ	01/31/2020	S	-	In-Kind	78,470
GDXJ	02/04/2020	S	-	In-Kind	145,730
GDXJ	02/12/2020	B	-	In-Kind	223,960
GDXJ	02/19/2020	B	-	In-Kind	806,328
GDXJ	02/25/2020	S	-	In-Kind	89,664
GDXJ	02/26/2020	S	-	In-Kind	246,554
GDXJ	02/27/2020	S	-	In-Kind	89,656
GDXJ	02/28/2020	B	-	In-Kind	537,792
GDXJ	03/02/2020	B	-	In-Kind	515,338
GDXJ	03/03/2020	S	-	In-Kind	89,648
GDXJ	03/05/2020	S	-	In-Kind	11,295
GDXJ	03/06/2020	S	-	In-Kind	293,644
GDXJ	03/10/2020	S	-	In-Kind	90,424
GDXJ	03/11/2020	B	-	In-Kind	452,120
GDXJ	03/12/2020	S	-	In-Kind	407,052
GDXJ	03/13/2020	S	-	In-Kind	1,098,040
GDXJ	03/16/2020	B	-	In-Kind	1,133,500
GDXJ	03/17/2020	S	-	In-Kind	1,494,636
GDXJ	03/18/2020	B	-	In-Kind	1,131,400
GDXJ	03/19/2020	B	-	In-Kind	1,721,552
GDXJ	03/20/2020	S	9,531,168.89	-	2,685,642
GDXJ	03/23/2020	S	525,914.70	-	153,404
GDXJ	03/23/2020	S	-	In-Kind	1,372,005
MVRAU	03/15/2019	B	44,287.83	-	8,245
MVRAU	05/07/2019	S	4,740.13	-	1,056
MVRAU	05/16/2019	S	3,675.95	-	784
MVRAU	05/21/2019	B	4,021.02	-	872
MVRAU	06/17/2019	B	-	In-Kind	5,302
MVRAU	06/21/2019	B	47,551.77	-	9,395

==> picture [37 x 33] intentionally omitted <==

Page 7 of 12

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
MVRAU	06/28/2019	S	13,460.29	-	2,550
MVRAU	08/07/2019	B	2,919.04	-	488
MVRAU	08/13/2019	B	-	In-Kind	10,956
MVRAU	08/23/2019	B	4,291.77	-	853
MVRAU	08/27/2019	B	2,493.58	-	485
MVRAU	08/30/2019	B	4,000.02	-	778
MVRAU	09/04/2019	B	5,466.76	-	1,041
MVRAU	09/11/2019	B	1,705.08	-	373
MVRAU	09/20/2019	B	7,275.56	-	1,509
MVRAU	11/14/2019	B	835.61	-	182
MVRAU	12/18/2019	B	-	In-Kind	5,599
MVRAU	12/20/2019	S	25,396.92	-	6,181
MVRAU	12/31/2019	S	20,947.76	-	4,828
MVRAU	01/08/2020	S	7,027.18	-	1,569
MVRAU	01/20/2020	B	-	In-Kind	90,270
MVRAU	02/05/2020	B	-	In-Kind	5,309
MVRAU	02/21/2020	B	6,040.38	-	1,336
MVRAU	02/27/2020	B	3,309.94	-	747
MVRAU	02/28/2020	B	6,993.97	-	1,735
MVRAU	03/04/2020	B	9,702.71	-	2,401
MVRAU	03/10/2020	B	1,677.16	-	414
MVRAU	03/17/2020	S	-	In-Kind	21,668
MVRAU	03/23/2020	S	-	In-Kind	102,923
UCTGDX	03/15/2019	B	60,261.33	-	11,214
UCTGDX	03/18/2019	S	2,493.05	-	462
UCTGDX	04/11/2019	B	19,851.23	-	3,877
UCTGDX	04/15/2019	B	2,854.78	-	574
UCTGDX	05/08/2019	B	3,918.74	-	890
UCTGDX	05/17/2019	B	12,666.96	-	2,782
UCTGDX	06/04/2019	B	18,157.35	-	3,879
UCTGDX	06/14/2019	S	37,687.20	-	7,760
UCTGDX	06/21/2019	B	119,469.21	-	23,594
UCTGDX	06/27/2019	B	21,477.93	-	4,044
UCTGDX	07/09/2019	B	44,445.19	-	8,090
UCTGDX	07/10/2019	B	22,246.45	-	4,044
UCTGDX	07/16/2019	B	23,431.15	-	4,044
UCTGDX	07/23/2019	B	1,786.97	-	276
UCTGDX	07/24/2019	B	69,256.59	-	12,129
UCTGDX	07/25/2019	B	23,020.77	-	4,043
UCTGDX	08/01/2019	B	21,887.94	-	4,043
UCTGDX	08/16/2019	B	45,544.78	-	8,084
UCTGDX	08/26/2019	B	43,058.28	-	8,088
UCTGDX	09/09/2019	S	76,249.07	-	16,192

==> picture [39 x 26] intentionally omitted <==

Page 8 of 12

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDX	09/11/2019	S	110,990.61	-	24,288
UCTGDX	09/13/2019	B	110,587.11	-	24,300
UCTGDX	09/17/2019	S	38,797.06	-	8,100
UCTGDX	09/18/2019	B	39,000.21	-	8,100
UCTGDX	09/18/2019	S	97,180.56	-	20,250
UCTGDX	09/20/2019	S	43,970.98	-	9,129
UCTGDX	10/03/2019	B	4,672.68	-	951
UCTGDX	10/04/2019	B	215,402.65	-	43,868
UCTGDX	10/17/2019	B	95,156.51	-	19,935
UCTGDX	11/05/2019	B	18,966.82	-	3,829
UCTGDX	11/11/2019	B	35,805.05	-	7,974
UCTGDX	11/11/2019	B	35,805.05	-	7,974
UCTGDX	11/19/2019	S	3,355.42	-	729
UCTGDX	11/25/2019	B	53,088.62	-	11,620
UCTGDX	12/05/2019	B	36,810.96	-	7,962
UCTGDX	12/10/2019	S	34,331.74	-	7,966
UCTGDX	12/13/2019	B	16,421.45	-	3,983
UCTGDX	12/18/2019	S	16,325.38	-	3,982
UCTGDX	12/20/2019	S	116,046.76	-	28,255
UCTGDX	01/03/2020	B	66,550.17	-	15,276
UCTGDX	01/08/2020	B	51,337.63	-	11,457
UCTGDX	01/09/2020	B	16,624.28	-	3,819
UCTGDX	01/13/2020	B	32,331.36	-	7,638
UCTGDX	01/21/2020	S	52,894.29	-	11,457
UCTGDX	01/31/2020	B	17,193.03	-	3,818
UCTGDX	02/04/2020	B	33,698.33	-	7,636
UCTGDX	02/13/2020	B	49,273.77	-	11,451
UCTGDX	02/18/2020	B	16,500.98	-	3,817
UCTGDX	02/20/2020	B	52,711.47	-	11,451
UCTGDX	02/25/2020	B	51,532.08	-	11,451
UCTGDX	02/27/2020	B	83,671.02	-	19,090
UCTGDX	02/28/2020	B	15,638.22	-	3,818
UCTGDX	02/28/2020	B	46,191.93	-	11,454
UCTGDX	02/28/2020	B	30,774.62	-	7,636
UCTGDX	03/02/2020	B	14,335.03	-	3,820
UCTGDX	03/02/2020	B	43,005.08	-	11,460
UCTGDX	03/09/2020	S	63,146.68	-	15,288
UCTGDX	03/11/2020	S	41,853.48	-	11,469
UCTGDX	03/13/2020	S	25,615.68	-	7,648
UCTGDX	03/17/2020	S	26,401.02	-	7,654
UCTGDX	03/18/2020	S	12,060.84	-	3,305
UCTGDX	03/20/2020	B	27,170.03	-	7,652
UCTGDX	03/20/2020	S	25,190.90	-	7,101

==> picture [55 x 37] intentionally omitted <==

Page 9 of 12

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDXJ	03/15/2019	B	262,287.80	-	48,809
UCTGDXJ	03/18/2019	B	12,018.01	-	2,224
UCTGDXJ	05/03/2019	B	45,349.31	-	10,448
UCTGDXJ	05/06/2019	B	46,526.15	-	10,448
UCTGDXJ	05/15/2019	B	48,238.11	-	10,440
UCTGDXJ	05/16/2019	S	17,294.91	-	3,736
UCTGDXJ	06/07/2019	S	25,723.58	-	5,596
UCTGDXJ	06/21/2019	B	133,054.69	-	26,277
UCTGDXJ	06/24/2019	B	48,280.87	-	9,535
UCTGDXJ	06/25/2019	B	55,075.09	-	10,666
UCTGDXJ	06/27/2019	B	56,642.48	-	10,665
UCTGDXJ	07/10/2019	B	58,663.73	-	10,664
UCTGDXJ	07/16/2019	B	58,820.79	-	10,157
UCTGDXJ	07/17/2019	B	125,911.48	-	21,326
UCTGDXJ	07/25/2019	B	121,346.44	-	21,322
UCTGDXJ	08/06/2019	B	420,155.20	-	74,613
UCTGDXJ	08/09/2019	B	64,493.80	-	10,658
UCTGDXJ	08/14/2019	B	120,021.82	-	21,314
UCTGDXJ	08/20/2019	S	10,272.30	-	1,958
UCTGDXJ	08/29/2019	B	112,166.68	-	21,284
UCTGDXJ	09/05/2019	B	55,723.21	-	10,654
UCTGDXJ	09/12/2019	S	98,271.07	-	21,318
UCTGDXJ	09/16/2019	B	198,445.25	-	42,644
UCTGDXJ	09/16/2019	B	26,833.91	-	5,742
UCTGDXJ	09/19/2019	B	50,711.01	-	10,719
UCTGDXJ	09/20/2019	S	277,798.90	-	57,675
UCTGDXJ	09/23/2019	B	52,130.81	-	10,719
UCTGDXJ	09/23/2019	B	1,962.27	-	397
UCTGDXJ	09/26/2019	B	48,819.25	-	10,107
UCTGDXJ	10/17/2019	B	48,239.36	-	10,106
UCTGDXJ	11/07/2019	B	49,048.41	-	10,106
UCTGDXJ	11/11/2019	S	272,242.03	-	60,636
UCTGDXJ	11/12/2019	B	91,017.67	-	20,212
UCTGDXJ	11/19/2019	S	8,513.32	-	1,844
UCTGDXJ	12/04/2019	S	12,190.02	-	2,629
UCTGDXJ	12/10/2019	S	43,313.33	-	10,050
UCTGDXJ	12/17/2019	B	82,719.47	-	20,098
UCTGDXJ	12/17/2019	S	83,603.50	-	20,098
UCTGDXJ	12/19/2019	B	41,503.41	-	10,049
UCTGDXJ	12/20/2019	S	339,601.57	-	82,686
UCTGDXJ	12/24/2019	B	38,434.18	-	9,171
UCTGDXJ	12/24/2019	B	38,428.41	-	9,171
UCTGDXJ	01/06/2020	B	41,078.15	-	9,169

==> picture [46 x 30] intentionally omitted <==

Page 10 of 12

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDXJ	01/08/2020	S	27,550.62	-	6,154
UCTGDXJ	01/10/2020	S	113,897.85	-	27,315
UCTGDXJ	01/30/2020	B	129,470.07	-	28,751
UCTGDXJ	01/31/2020	B	127,232.00	-	28,254
UCTGDXJ	02/05/2020	S	5,709.88	-	1,354
UCTGDXJ	02/10/2020	S	123,698.18	-	28,197
UCTGDXJ	02/25/2020	B	84,577.23	-	18,794
UCTGDXJ	02/25/2020	B	42,294.96	-	9,397
UCTGDXJ	02/26/2020	B	41,738.86	-	9,403
UCTGDXJ	02/26/2020	B	82,051.56	-	18,806
UCTGDXJ	03/04/2020	B	32,144.53	-	7,951
UCTGDXJ	03/05/2020	B	75,909.10	-	18,964
UCTGDXJ	03/10/2020	S	37,695.15	-	9,484
UCTGDXJ	03/16/2020	S	55,232.39	-	18,984
UCTGDXJ	03/20/2020	S	100,931.71	-	28,440
UCTGDXJ	03/20/2020	S	67,338.93	-	18,982
UCTGDXJ	03/23/2020	S	168,070.94	-	48,918
MVSAU	03/15/2019	B	10,662.38	-	1,985
MVSAU	03/15/2019	B	95,944.64	-	17,865
MVSAU	03/27/2019	S	4,456.31	-	827
MVSAU	04/01/2019	S	1,842.69	-	360
MVSAU	04/08/2019	S	-	In-Kind	14,252
MVSAU	04/17/2019	S	1,952.33	-	401
MVSAU	05/14/2019	S	2,817.07	-	597
MVSAU	05/16/2019	S	9,039.83	-	1,928
MVSAU	05/29/2019	B	1,671.85	-	379
MVSAU	06/21/2019	B	3,239.29	-	640
MVSAU	06/21/2019	B	47,391.64	-	9,365
MVSAU	06/26/2019	B	6,063.24	-	1,159
MVSAU	06/28/2019	S	40,803.18	-	7,730
MVSAU	07/09/2019	S	10,236.03	-	1,865
MVSAU	07/17/2019	S	2,099.82	-	356
MVSAU	08/05/2019	S	4,206.34	-	750
MVSAU	08/14/2019	B	2,511.67	-	446
MVSAU	08/15/2019	B	-	In-Kind	14,173
MVSAU	08/19/2019	S	2,099.10	-	391
MVSAU	08/20/2019	S	3,931.17	-	749
MVSAU	08/22/2019	B	2,915.36	-	576
MVSAU	08/29/2019	B	3,921.96	-	744
MVSAU	09/03/2019	B	3,531.22	-	675
MVSAU	09/11/2019	B	3,775.85	-	826
MVSAU	09/20/2019	S	80,190.38	-	16,642
MVSAU	09/26/2019	B	2,203.09	-	456

==> picture [43 x 25] intentionally omitted <==

Page 11 of 12

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
MVSAU	10/03/2019	S	1,089.72	-	222
MVSAU	10/17/2019	B	-	In-Kind	13,588
MVSAU	10/28/2019	S	888.01	-	187
MVSAU	10/29/2019	S	2,899.63	-	603
MVSAU	10/31/2019	S	3,899.32	-	796
MVSAU	11/04/2019	S	1,753.02	-	350
MVSAU	11/12/2019	B	2,421.67	-	538
MVSAU	11/13/2019	B	16,429.94	-	3,642
MVSAU	12/11/2019	B	-	In-Kind	13,678
MVSAU	12/12/2019	S	1,184.23	-	268
MVSAU	12/20/2019	S	17,688.69	-	4,305
MVSAU	12/20/2019	S	155,711.46	-	37,886
MVSAU	12/27/2019	B	4,946.36	-	1,150
MVSAU	12/31/2019	S	25,880.98	-	5,965
MVSAU	01/08/2020	S	2,333.44	-	521
MVSAU	02/05/2020	S	1,750.82	-	415
MVSAU	02/19/2020	B	1,524.66	-	348
MVSAU	02/25/2020	B	1,741.98	-	387
MVSAU	02/28/2020	B	2,704.88	-	671
MVSAU	03/03/2020	B	2,520.90	-	665
MVSAU	03/04/2020	B	2,008.43	-	497
MVSAU	03/10/2020	B	1,616.39	-	399
MVSAU	03/12/2020	B	-	In-Kind	23,988
UCTGDIG	04/26/2019	B	3,613.94	-	751
UCTGDIG	06/21/2019	B	572.04	-	113
UCTGDIG	07/10/2019	B	4,099.34	-	745
UCTGDIG	09/20/2019	S	443.24	-	92
UCTGDIG	12/20/2019	B	497.53	-	121
UCTGDIG	01/30/2020	B	3,345.00	-	743
In-Kind transactions result from UCTGDIG receiving a basket of securities (including REGIS RESOURCES LTD) in exchange for securities in UCTGDIG.

==> picture [57 x 41] intentionally omitted <==

Page 12 of 12