VARISCAN MINES LIMITED — Director's Dealing 2015

May 4, 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 30/09/01 Amended 01/01/11

Name of entity Variscan Mines Limited

ABN 16 003 254 395

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	Gregory F P Jones
Date of last notice	4 May 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 relevant interest.	Shares held by Gregory Jones Family A/C> G F P Jones is a beneficiary of the holder.
Date of change	28 April 2015 to 1 May 2015
No. of securities held prior to change	Direct: Nil Indirect: - 5,844,999 ordinary shares - 3,339,999 Listed options exercisable at 1.5 cents each and expiry on 4 May 2017 - 2,300,000 Options expire 25 November 2015, exercise price 30 cents Indirect: - 4,000,000 Options expire 4 December 2017, exercise price 7 cents

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary shares
Number acquired	500,001
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Average of $0.012 per share
No. of securities held after change	Direct: Nil Indirect: - 6,345,000 ordinary shares - 3,339,999 Listed options exercisable at 1.5 cents each and expiry on 4 May 2017 - 2,300,000 Options expire 25 November 2015, exercise price 30 cents Indirect: - 4,000,000 Options expire 4 December 2017, exercise price 7 cents
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market purchases

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 Nature of interest Name of registered holder (if issued securities) Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

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