SUNSHINE METALS LIMITED — Director's Dealing 2015

Aug 12, 2015

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 30/09/01 Amended 01/01/11

Name of entity	Pelican Resources Limited
ABN	12 063 388 821

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	Alec Christopher Pismiris
Date of last notice	22 June 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

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	(a) ACP Investments Pty Ltd - Director and SoleShareholder(b) ACPInvestmentsPtyLtd<theACPInvestment A/c> – Director, Sole Shareholderand Beneficiary</the
Date of change	12 August 2015
No. of securities held prior to change	(a) ACP Investments Pty Ltd:6,000,000 Fully paid ordinary shares(b) ACP Investments Pty Ltd <acp investment<br="">A/c>:6,000,000 Fully paid ordinary shares
Class	Options exercisable at $0.01 expiring 30 Jun 19
Number acquired	6,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$60.00

+ See chapter 19 for defined terms.

No. of securities held after change	(a) ACP Investments Pty Ltd:6,000,000 Fully paid ordinary shares6,000,000Optionsexercisable at $0.01expiring 30 Jun 19
	(b) ACP Investments Pty Ltd <acp investment<br="">A/c>:6,000,000 Fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Subscription for Underwriter Options inaccordance with Sub-underwriting Agreementand approved by shareholders at GeneralMeeting held on 30 July 2015

Part 2 – Change of director's interests in contracts

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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior writtenclearance was required?	Not applicable
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.