Resolute Mining Limited — Major Shareholding Notification 2013

May 16, 2013

Form 604

Corporations Act 2001Section 671B

Notice of change of interests of substantial holder

To Company Name/SchemeACN/ARSN	Resolute Mining Ltd.097 088 689
1. Details of substantial holder (1)NameACN/ARSN (if applicable)	Vanguard Precious Metals and Mining Fund
There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated	14/05/201310/05/201310/05/2013

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'svotes	Voting power (5)
Ordinary	47.350.000	7.37%	39,765,508	6.18%

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 ofchange	Person whoserelevant interest changed	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votes affected
10-May-2013	Vanguard PreciousMetals and Mining Fund	Sale	USD 0.88 per ShareAUD 0.88 per Share	Ordinary -2,750,000	Vanquard PreciousMetals and Mining Fund
13-May-2013	Vanguard PreciousMetals and Mining Fund	Sale	USD 0.82 per ShareAUD 0.83 per Share	Ordinary $-$2,078,000	Vanquard PreciousMetals and Mining Fund
14-May-2013	Vanguard PreciousMetals and Mining Fund	Sale	USD 0.82 per ShareAUD 0.83 per Share	Ordinary $-$2,756,492	Vanguard PreciousMetals and Mining Fund

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
VanguardPreciousMetals andMiningFund	JPMorgan ChaseBank, N.A.	JPMorgan ChaseBank, N.A.	Beneficial Owner	Ordinary -39,765,508	39,765,508

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 fo

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

6. Addresses

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

Name	Address
Vanguard Precious Metals andMining Fund	Vanguard Precious Metals and Mining Fundc/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

print name Glenn Booraem Controller capacity sign here date 16 May 2013