XREF LIMITED — Director's Dealing 2016

Jan 19, 2016

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity King Solomon Mines Limited (ASX Code: KSO) ARBN 122 404 666

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Timothy Lloyd Mahony
Date of appointment	18 January 2016

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Tim Mahony & Jacki Pervan Biatan Pty Ltd Timothy Lloyd Mahony holds 99 of 100 shares in, Biatan Pty Ltd and he is a beneficiary of the trust **Family A/C>.

Number & class of Securities 1,000,000 fully paid ordinary shares 650,000 fully paid ordinary shares In addition, 900,000 options, with an exercise price of A$0.23 and a three-year life, which were approved by shareholders at the 26 November 2015 Extraordinary General Meeting, are to be issued to Timothy Lloyd Mahony or his nominee, as a key component of his remuneration, and are to be issued shortly now that the Xref Pty Ltd acquisition has been completed and when a restricted securities agreement has been executed by the Company and Timothy Lloyd Mahony (two-year escrow).

Part 3 – 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	N/A
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002