Resolute Mining Limited — Director's Dealing 2015

Nov 23, 2015

Appendix 3Y Change of Director’s Interest Notice

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 30/9/2001.

Name of entity RESOLUTE MINING LIMITED ABN 39 097 088 689

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	John Paul Welborn
Date of last notice	10 July 2015

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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.
Date of change	24 November 2015
No. of securities held prior to change	1,000,000 fully paid ordinary shares200,000 convertible notes
Class	Performance Rights
Number acquired	1,515,000
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Performance Rights represent the Long Term Incentivecomponent of remuneration for Mr Welborn and areissued for nil cash consideration. On vesting, onePerformance Right is converted to one fully paidordinary share in the Company. Vesting is subject toperformance and other conditions set out in the Noticeof 2015 Annual General Meeting (“AGM”). ThisPerformance Right issue was approved by shareholdersat the AGM held on 24November 2015.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1,000,000 fully paid ordinary shares200,000 convertible notes1,515,000 Performance Rights with a vesting date of30 June 2018
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Issue of Performance Rights pursuant to theshareholder approved Resolute Mining PerformanceRights Plan.

Part 2 – Change of director’s interests in contracts

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

Part 3 – Closed Period

Were the interests in the securities or contractsdetailed above traded during a closed periodwhere prior written clearance was required?	No
If so, was prior written clearance provided toallow the trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

• See chapter 19 for defined terms.

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9/12/2010