VERITY RESOURCES LIMITED — Director's Dealing 2017

Apr 11, 2017

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ASX:BML

ABN:

96 122 995 073

ASX ANNOUNCEMENT

12 APRIL 2017

CHANGE OF DIRECTOR’S INTERESTS – MR P J VOLPE

The interests of Mr P J Volpe in the securities of Botswana Metals Limited have changed following the issue of 53,950,000 fully paid ordinary shares to Trayburn Pty Ltd pursuant to the Directors’ Fee Plan.

Issued Capital:

1,462,315,814 ordinary shares

An Appendix 3Y is attached.

Market Cap (11 April 2017):

$2.9 M

Directors:

Mr Ramon Jimenez

Company Secretary

Mr Patrick Volpe (Chairman) Mr Matt Hudson (Non-Executive Director) Mr Steve Groves (Non-Executive Director)

Registered Office:

Suite 506, Level 5

1 Princess Street, Kew Victoria, Australia, 3101

Contact:

p: +61 (3) 9855 1885 e: info@botswanametals.com.au

About Botswana Metals Limited:

BML is exploring for nickel , copper , cobalt , tantalum and lithium within its 1,500 square kilometre exploration portfolio . These “new world” metals are becoming increasingly important as the world switches to cleaner sources of energy.

The company announced a maiden JORC Inferred Resource of 2.38Mt at 0.72% Ni, 0.21% Cu, and 0.73g/t PGE + Au on 28[th] April 2015 from drilling within a small 185 square kilometre section of its exploration portfolio in which it had entered a joint venture with BCL. At the time cobalt was not included in the resource calculation.

Historical drilling outside of the joint venture ground has intercepted further nickel as well as significant intercepts of copper and cobalt.

A soil sampling program detected traces of lithium and tantalum which warrant further exploration.

Large tracts of BML’s exploration portfolio remain unexplored.

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 the property of ASX and may be made public.

Introduced 30/9/2001. Amended 01/01/11.

Name of entity	BOTSWANA METALS LIMITED
ABN	96 122 995 073

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	PATRICK JOHN VOLPE
Date of last notice	16/03/2016

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.

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Direct or indirect interest Direct and indirect
Nature of indirect interest Vermar Pty Ltd and Trayburn Pty Ltd are
(including registered holder) companies of which Mr P J Volpe is a
Note: Provide details of the circumstances Director and shareholder.
giving rise to the relevant interest.
Date of change 11/04/2017
No. of securities held prior to 187,827,897
change
Class Ordinary Shares (fully paid)
Number acquired 53,950,000
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• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	$107,900.00 accrued fees for director, management and consulting services.
No. of securities held after change	241,777,897
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back.	Issue of fully paid ordinary shares to Trayburn Pty Ltd pursuant to Directors’ Fee Plan.

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.

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Detail of contract N/A
Nature of interest N/A
Name of registered holder N/A
(if issued securities)
Date of change N/A
No. and class of securities to which N/A
interest related prior to change
Note: Details are only required for a
contract in relation to which the interest
has changed.
Interest acquired N/A
Interest disposed N/A
Value/Consideration N/A
Note: If consideration is non-cash, provide
details and an estimated valuation.
Interest after change N/A
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Part 3 –[+] Closed period

Were the interests in the securities detailed above traded during a +closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided/	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011