SUNSHINE METALS LIMITED — Director's Dealing 2018

Oct 22, 2018

Appendix 3Y

Rule 3.19A.2

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	Antonio Alessio Torresan
Date of last notice	3 July 2017

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.Date of change	Mainview Holdings Pty Ltd – Sole Director andSole ShareholderMonslit Pty Ltd –Sole Director, Sole Shareholder and BeneficiaryMonslit Pty Ltd – SoleDirector, Sole Shareholder and Beneficiary
	16 October 2018
No. of securities held after change59,193,981 Fully Paid Ordinary Shares18,235,896 Options exercisable at $0.01expiring 30 Jun 1910,500,000 Options exercisable at $0.02expiring 31 December 2019	Monslit Pty Ltd Monslit Pty Ltd Mainview Holdings Pty Ltd
Class	Options exercisable at $0.02 expiring31 December 19
Number acquired	10,500,000
Number disposed	10,500,000

+ See chapter 19 for defined terms.

Value/Consideration	$3,570
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
59,193,981 Fully Paid Ordinary Shares	Monslit Pty Ltd
18,235,896 Options exercisable at $0.01	Monslit Pty Ltd
expiring 30 Jun 19
10,500,000 Options exercisable at $0.02	Monslit Pty Ltd
expiring 31 December 2019
Nature of change	Off-market transfer with no change in overall
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back	relevant interests

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

+ See chapter 19 for defined terms.

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.