Navarre Minerals : 26/09/2016 – Change of Director’s Interest Notice – Dorward

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 Navarre Minerals Limited

ABN 66 125 140 105

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	John Dorward
Date of last notice	24 November 2015

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.	Kautag Pty Ltd (Mr Dorward is a director of and has a beneficial interest in Kautag Pty Ltd) Kautag Pty Ltd (director & beneficial interest) Ms Katherine Griffin (wife of Mr Dorward)
Date of change	23 September 2016
No. of securities held prior to change	1,931,250 ordinary fully paid shares
Kautag Pty Ltd
Kautag Pty Ltd	1,788,463 ordinary fully paid shares
Ms Katherine Griffin	1,010,000 ordinary fully paid shares
Total	4,729,713 ordinary fully paid shares
Class	Fully paid ordinary shares (Shares) Unlisted options (Options)
Number acquired	1,891,886 Shares 945,943 Options
Number disposed	Nil

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.029 per Share The Options were issued for nil consideration, but are free attaching options issued under the Company's entitlement offer announced on 25 August 2016. The Options were issued on the basis of 1 free attaching option for every 2 Shares subscribed for and issued pursuant to the entitlement offer.
No. of securities held after change	2,703,750 ordinary fully paid shares 386,250 unlisted options for ordinary shares (exercise price $0.05, expiry 31/3/18)
Kautag Pty Ltd
Kautag Pty Ltd	2,503,849 ordinary fully paid shares 357,693 unlisted options for ordinary shares (exercise price $0.05, expiry 31/3/18)
Ms Katherine Griffin	1,414,000 ordinary fully paid shares 202,000 unlisted options for ordinary shares (exercise price $0.05, expiry 31/3/18)
Total	6,621,599 ordinary fully paid shares 945,943 unlisted options for ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in the Company's non-renounceable entitlement offer pursuant to the Company's prospectus dated 25 August 2016

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Part 3 - +Closed period Appendix 3Y Change of Director's Interest Notice

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	N/A
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.

01/01/2011 Appendix 3Y Page 3