Resolute Mining Limited — Major Shareholding Notification 2013

May 26, 2013

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Resolute Mining Ltd.
ACN/ARSN	097 088 689
1. Details of substantial holder (1)
NameACN/ARSN (if applicable)	Vanquard Precious Metals and Mining Fund
The holder ceased to be asubstantial holder on	23 May 2013
The previous notice was given to the company on	16 May 2013
The previous notice was dated	16 May 2013
2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company orscheme, since the substantial holder was last required

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (4)	Considerationgiven in relationto change (5)	Class (6)and numberof securitiesaffected	Person's votesaffected
15/05/2013	Vanguard PreciousMetals & Mining Fund	Sell	USD per 0.79 ShareAUD per 0.80 Share	Ordinary $-$2.415,508	VanguardPrecious Metals &Mining Fund
16/05/2013	Vanguard PreciousMetals & Mining Fund	Sell	USD per 0.72 ShareAUD per 0.73 Share	Ordinary $-$3,450,000	VanguardPrecious Metals &Mining Fund
23/05/2013	Vanguard PreciousMetals & Mining Fund	Sell	USD per 0.72 ShareAUD per 0.74 Share	Ordinary-3,000,000	VanguardPrecious Metals &Mining Fund

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantialholder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A
N/A	N/A

4. Addresses

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

Name	Address
Vanguard Precious Metals and MiningFund	c/o The Vanguard Group, Inc.455 Devon Park DriveWayne, PA 19087USAAttn: Nick GouldCompliance Managernick_gould@vanguard.com
JPMorgan Chase Bank, N.A.	Level 1885 Castlereagh StSydney NSW 2000Australia

Signature

Saaay, Whitakon PAINCIPAL capacity print name Sel $_{\text{date}}$ sign here 24 May 2013