ZENITH MINERALS LIMITED — Director's Dealing 2016

Mar 28, 2016

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 ZENITH MINERALS LIMITED

ABN 96 119 397 938

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	RODNEY MICHAEL JOYCE
Date of last notice	4 January 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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Nada Granich (Spouse)
Date of change	24 March 2016
No. of securities held prior to change	Nada Granich: 8,822,783 ordinary shares
Class	Ordinary Shares
Number acquired	1,764,557 ordinary shares 882,279 quoted options exercisable at 10c, expiring31 December 2017(ZNCO)
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$70,582.28 (per non-renounceable rights issue on basis of 1 new share for every 5 existing shares held at issue price of $0.04 and a free attaching new option on basis of 1 free attaching new option for every 2 new shares issued under rights issue offer.)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Nada Granich: 10,587,340 ordinary shares and 882,279 quoted options exercisable at 10c, expiring 31 December 2017 (ZNCO) Nature of change Participation in Non-renounceable rights

Example: on-market trade, off-market trade, exercise of options, issue of issue offer securities under dividend reinvestment plan, participation in buy-back

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 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 to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011