Chrysalis Resources Limited Company Snapshot

Listed on ASX 27 May 2008

ASX Share Code CYS

Sector Mining

Company Structure Board and Management

Dr Neale Fong – Non- Executive Chairman

Ms Jing Wang - Executive Director

Mr Jian Hua Sang – Non-Executive Director

Mr Michael Griffiths – Non-Executive

Director/Company Secretary

Mr Leigh Ryan – Chief Executive Officer

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BOARD RESTRUCTURE/RESULTS OF ANNUAL

GENERAL MEETING 2013

2nd December 2013

ABN 56 125 931 964

Level 1, 331 Hay Street

SUBIACO WA 6008

PO Box 226, Wembley WA 6913

Phone: 618 9380 4430

Fax: 618 9481 5044

E: info@chrysalisresources.com.au

www.chrysalisresources.com.au

No of Shares on Issue 220,474,881

Cash (as at 31st October) $2.62M

Chrysalis Resources Limited (ASX: CYS, the Company or Chrysalis) wishes to provide the following

update to the changes of the board of directors and executive staff at Chrysalis.

Appointment of Chief Executive Officer

The board of directors are pleased to announce the appointment of Mr Leigh Ryan to the position of

Chief Executive Officer effective immediately.

Mr Ryan is a highly qualified geologist with 26 years of experience in the exploration and resources

industry, specifically in project management and executive management throughout Australia and

Africa. He has been involved in the targeting, evaluation, discovery and resource definition of

numerous gold and base metal deposits and has successfully negotiated many purchase option and

joint venture agreements. Mr Ryan was previously the Managing Director of Boss Resources Limited,

and prior to that was employed by Resolute Mining Limited as the Group Exploration Manager for

Africa and Australia. He has worked extensively in Queensland, WA, Tanzania, Burkina Faso, Mali, and

Cote d’Ivoire.

Chrysalis’ Chairman Dr Neale Fong, commented, “The Company is delighted to have secured the

appointment of Mr Leigh Ryan to lead the Zambian Copper Project into the next phase of exploration

with his wealth of knowledge and technical and operational experience.”

Chairman

Dr Neale Fong has resigned as Executive Chairman and will continue with the Company in the position

of Non-Executive Chairman.

Resignation and Appointment of Executive Directors

Mr Grant Kidner has resigned as Executive Director of the Company effective 29th November 2013. Mr

Kidner has been with the Company since August 2008.

Mr Jian Hua Sang has resigned as Executive Director and Interim Chief Executive Officer and will

remain with the Company as a Non-Executive Director. Ms Jing Wang was appointed as Executive

Director after resigning as a Non-Executive Director.

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BOARD RESTRUCTURE/RESULTS OF ANNUAL GENERAL MEETING 2013

Resignation and Appointment of Non-Executive Directors

Mr Adrian Paul and Mr Trevor Benson have resigned as Non-Executive Directors of the Company

effective 29th November 2013.

Chairman Dr Neale Fong, thanked all resigning directors for their efforts adding that the resignations

were part of the Company’s board restructure process.

“Mr Kidner, Mr Paul and Mr Benson have all made tremendous contributions to the Board over a

number of years," Dr Neale Fong said.

"On behalf of the Board and Management, I thank them for their commitment and dedication and

wish them all the very best in their future endeavours."

Appendix 3Z Final Director’s Interest Notices for Mr Kidner, Mr Paul and Mr Benson is attached .

Resignation and Appointment of Company Secretary

The Board of Chrysalis advises that Mr Michael Griffiths has been appointed as Company Secretary

effective from 29th November 2013. Ms Melanie Cotterell has resigned as Company Secretary effective

from 29th November 2013.

Dr Fong commented, “Ms Cotterell has provided a substantial contribution to the Company since

December 2010 and the board would like to thank Ms Cotterell for her contribution to the company

and wish her all the best for the future.”

RESULTS OF ANNUAL GENERAL MEETING 2013

In accordance with ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001, the

following information is provided in respect of each resolution considered and voted upon at the 2013

Annual General Meeting of Shareholders of Chrysalis Resources Limited held at 3:00pm (Perth time) on

29th November 2013.

All resolutions were passed unanimously by a show of hands. The resolutions presented for

shareholder consideration and the proxies received in respect of each resolution are set out in the

table below.

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BOARD RESTRUCTURE/RESULTS OF ANNUAL GENERAL MEETING 2013

Resolution For Against Abstain Discretion

1 Adoption of Remuneration Report 101,664,411 204,603 1,995,000 14,149,720

2 Re-Election of Executive Director – Grant

Kidner Resolution Withdrawn

3 Re-Election of Non-Executive Director –

Adrian Paul Resolution Withdrawn

4 Re-Election of Non-Executive Director –

Michael Griffiths 115,914,631 1,964,103 135,000 0

5 Re-Election of Executive Director – Jian Hua

Sang 115,874,131 144,603 1,995,000 0

6 Director’s Remuneration

101,594,411 274,603 1,995,000 14,149,720

7 Amendment to Constitution

(Special Resolution) 115,909,131 104,103 1,995,000 5,400

8 Approval of the 10% Placement Facility

(Special Resolution) 115,479,131 259,603 1,995,000 280,000

9 Adoption of Employee Share Plan 101,659,811 214,603 1,995,000 14,144,230

Yours sincerely,

Dr Neale Fong

Executive Chairman

For further information please contact:

Mr Leigh Ryan Chief Executive Officer +61 427 093 043

Website: www.chrysalisresources.com.au

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. 11/3/2002 Appendix 3Z Page 1

Rule 3.19A.3

Appendix 3Z

Final 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 CHRYSALIS RESOURCES LIMITED

ABN 56 125 931 964

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director Mr Grant Kidner

Date of last notice 26th July 2013

Date that director ceased to be director 29th November 2013

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

Direct Interests: 3,375,000 fully paid ordinary shares

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. Appendix 3Z Page 2 11/3/2002

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

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.

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

Mr Grant Kidner ATF RJK Trust Lizrow Pty Ltd ATF Kidner Trust Kew Gardens Pty Ltd Ultimo Catering & Events Pty Ltd Reospark Holdings Pty Ltd ATF JBC Superannuation Fund

Number & class of securities

900,000 fully paid ordinary shares 804,104 fully paid ordinary shares 27,000 fully paid ordinary shares 441,000 fully paid ordinary shares 900,000 fully paid ordinary shares

Part 3 – Director’s interests in contracts

Detail of contract None

Nature of interest

Name of registered holder (if issued securities)

No. and class of securities to which interest relates

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. 11/3/2002 Appendix 3Z Page 1

Rule 3.19A.3

Appendix 3Z

Final 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 CHRYSALIS RESOURCES LIMITED

ABN 56 125 931 964

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director Mr Adrian Paul

Date of last notice 26 July 2013

Date that director ceased to be director 29th November 2013

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 9,450,004 fully paid ordinary shares

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. Appendix 3Z Page 2 11/3/2002

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

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.

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

Cintra Pty Ltd ATF Cintra Trust The ZME Superannuation Fund Ruby Hall Pty Ltd

Number & class of securities

297,000 fully paid ordinary shares 2,194,816 fully paid ordinary shares 540,000 fully paid ordinary shares

Part 3 – Director’s interests in contracts

Detail of contract None

Nature of interest

Name of registered holder (if issued securities)

No. and class of securities to which interest relates

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. 11/3/2002 Appendix 3Z Page 1

Rule 3.19A.3

Appendix 3Z

Final 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 CHRYSALIS RESOURCES LIMITED

ABN 56 125 931 964

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director Mr Trevor Benson

Date of last notice 24th September 2012

Date that director ceased to be director 29th November 2013

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

Direct Interests: 4,140,000 fully paid ordinary shares

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Appendix 3Z Final Director’s Interest Notice

+ See chapter 19 for defined terms. Appendix 3Z Page 2 11/3/2002

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

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.

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

Trevetal Investments Pty Ltd

Number & class of securities

2,610,000 fully paid ordinary shares

Part 3 – Director’s interests in contracts

Detail of contract None

Nature of interest

Name of registered holder (if issued securities)

No. and class of securities to which interest relates

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