Change of Director's Interest Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 MALACHITE RESOURCES LIMITED

ABN 86 075 613 268

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

James Dean

Date of last notice

3 December 2014

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

Direct and Indirect

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

AGIO Capital Corporation Limited (NZ Company

No. 1805740) as trustee of The Dean Family NZ Trust. Mr. Dean is a beneficiary of The Dean

Family NZ Trust

Construction Equipment Finance Limited

Futura A/C>. Mr. Dean is sole Director.

Date of change

19 May 2015 - shares acquired

25 May 2015 - options expired

+ 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 prior to change

11,936,508 fully paid Ordinary Shares

25,600,214 fully paid Ordinary Shares

1,500,000 Options @ 5.0 cents expiry 25 May 2015

1,500,000 Options @ 7.5 cents expiry 25 May 2015

1 Convertible Note on the following terms:

• Issue Price of each Note - $50,000;

• Term of Notes - 5 October 2015;

• Interest Rate - 15% per annum;

• Conversion - at the election of Noteholders at any time; and

• Conversion Price - Lesser of or $0.015 or 20%

discount to the 30 Day VWAP at the time of conversion.

Class

Ordinary Shares

Options @ 5.0 cents expiry 25 May 2015

Options @ 7.5 cents expiry 25 May 2015

Number acquired

2,000,000 Ordinary Shares

Number disposed

1,500,000 Options @ 5.0 cents expired 25 May

2015 not exercised

1,500,000 Options @ 7.5 cents expired 25 May

2015 not exercised

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$10,000 - acquisition of shares

No. of securities held after change

13,936,508 fully paid Ordinary Shares

25,600,214 fully paid Ordinary Shares

1 Convertible Note on the following terms:

• Issue Price of each Note - $50,000;

• Term of Notes - 5 October 2015;

• Interest Rate - 15% per annum;

• Conversion - at the election of Noteholders at any time; and

• Conversion Price - Lesser of or $0.015 or 20%

discount to the 30 Day VWAP at the time of conversion.

Nature of change

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

Shares - Participation in Share Purchase Plan

Options - Expired - not exercised.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Appendix 3Y Change of Director's Interest Notice 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

NIL

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

above traded during a +closed period where prior written clearance was required?

No

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?

26 May 2015

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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