VERITY RESOURCES LIMITED — Major Shareholding Notification 2016

Mar 15, 2016

ABN 96 122 995 073

==> picture [162 x 47] intentionally omitted <==

ASX Code: BML

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED DATE: 16 MARCH 2016

CHANGE IN SUBSTANTIAL HOLDING

Attached is a Form 604 – Notice of change of interests of substantial holder received from P J Volpe, M C Volpe, Vermar Pty Ltd and Trayburn Pty Ltd following the recent rights issue.

Ramon Jimenez Company Secretary

Botswana Metals Limited

REGISTERED OFFICE

Suite 506, Level 5, 1 Princess Street Kew Vic Australia 3101 P: +61 3 9855 1885; F: +61 3 9855 2885 Email info@botswanametals.com.au

www.botswanametals.com.au

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Company Name Botswana Metals Limited

ACN 122 995 073

1. Details of substantial holder

Name Patrick John Volpe, Maria Catina Volpe, Vermar Pty Ltd (ACN 007 284 997) and Trayburn Pty Ltd (ACN 006 048 639)

There was a change in the interests of the substantial holder on: 15/03/2016 The previous notice was given to the company on: 11/06/2014 The previous notice was dated: 11/06/2014

2. Details of 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 had a relevant interest 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		Previous notice		Present notice
	Person’s votes	Voting power	Person’s votes	Voting power
Fully paid ordinary shares	73,827,897	12.98%1	187,827,897	19.97%2

1 At the date of the last notice the company had 568,606,489 voting shares on issue each carrying one vote.

• 2 At the date of this notice the company has 940,495,874 voting shares on issue each carrying one vote.

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 of change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person’s votes affected
21/07/2015	Patrick John Volpe, Maria Catina Volpe, Vermar Pty Ltd and Trayburn Pty Ltd	Issue of shares to Trayburn Pty Ltd pursuant to Share Purchase Plan.	$15,000.00	2,000,000	2,000,000
27/07/2015	As above	Issue of shares to Patrick John Volpe on exercise of Performance Rights.	-	3,000,000	3,000,000

- 1 -

15/03/2016	As above	Issue of shares to Trayburn Pty Ltd pursuant to underwriting agreement.	$218,000.00	109,000,000	109,000,000

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Person’s votes
Vermar PtyLtd	Vermar PtyLtd	Vermar PtyLtd	Direct	63,327,897	63,327,897
Trayburn PtyLtd	Trayburn PtyLtd	Trayburn PtyLtd	Direct	121,500,000	121,500,000
Patrick John Volpe	Patrick John Volpe	Patrick John Volpe	Direct	3,000,000	3,000,000
Patrick John Volpe	Vermar Pty Ltd and Trayburn Pty Ltd	Vermar Pty Ltd and Trayburn Pty Ltd	Indirect	184,327,897	185,327,897
Maria Catina Volpe	Patrick John Volpe, Vermar Pty Ltd and Trayburn Pty Ltd	Patrick John Volpe, Vermar Pty Ltd and Trayburn PtyLtd	Indirect	187,327,897	187,327,897

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

6. Addresses

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

==> picture [487 x 15] intentionally omitted <==

----- Start of picture text -----

Name Address
----- End of picture text -----

Patrick John Volp	e, Ma	ria	Catina 10 Rowland Street, Kew, Victoria, 31	01
Volpe, Vermar	Pty	Ltd	and
Trayburn PtyLtd
Signature
print	name		Patrick John Volpe
capacity			Director of Vermar Pty Ltd and Trayburn	Pty Ltd
sign	here		_______	date	16/03/2016

- 2 -