Navarre Minerals : 04/07/2017 – Change in substantial holding x 2

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	4,697,944	6.47%	12,031,598	5.42%*

604 page 1/2 15 July 2001

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
To Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	NAVARRE MINERALS LIMITED
	125 140 105
	Mr Kevin John Wilson
	N/A
There was a change in the interests of the substantial holder on 30/06/2017 The previous notice was given to the company on 19/06/2014 The previous notice was dated 17/06/2014 Previous and present voting power Changes in relevant interests Present relevant interests The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: * Based on 222,046,495 ordinary shares on issue Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
19/3/15	Mr Kevin John Wilson	Acquisition under pro rata entitlement offer	$35,234.61	1,174,487 fully paid ordinary shares	1,174,487
20/11/15	Mr Kevin John Wilson	Acquisition under share purchase plan	$15,000.00	500,000 fully paid ordinary shares	500,000
23/09/16	Mr Kevin John Wilson	Acquisition under pro rata entitlement offer	$73,920.22	2,548,973 fully paid ordinary shares	2,548,973
5/12/16	Mr Kevin John Wilson	Shares issued in lieu of unpaid directors' fees, with shareholder approval	Nil (deemed issue price of $0.05 per share)	1,752,000 fully paid ordinary shares	1,752,000
30/06/17	Mr Kevin John Wilson	Acquisition under pro rata entitlement offer	$40,745.82	1,358,194 fully paid ordinary shares	1,358,194

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Mr Kevin John Wilson	Mr Kevin John Wilson	Mr Kevin John Wilson	Power to exercise vote and/or power to dispose of the shares	10,279,598 fully paid ordinary shares	10,279,598
Mr Kevin John Wilson	Mr Kevin John Wilson	Mr Kevin John Wilson	Power to exercise vote and/or power to dispose of the shares	1,752,000 fully paid ordinary shares	1,752,000

Precedents 3734 v1

Bris_docs/8665181_1

604 a.e 212 15 Jul• 2001

6. Chanosinassociation

The pOl'$01l$who hilve·become associates (2} of,ceased tobe as. datas of. or h.l"'e changed thf! rn11ui-e of 01elr assoaation (9),•ith.tlle substantial holder in

relation to ,;oting ir,teresl$ n the co1npany or scheme are asfIO\S:

Na,ne anoJCNIAM.SN {i applicablo)	Natureof asso;1atio11
NIA

6. Addre ses

Tho addresse5. of pF.-r.:.ons named iiths form are as follows:

Na,ne			AcJdress
Mr Kevin John•i'lson			PO 80)( 141N,Annadak) VIC 3143
·-

Signature

print oa,ne Kev n Jchn 1/.Jilson paci1y

sign here data 4/07/20 17

DIRECTIONS

(1) If there are a rv mw, of sub:;;!anlialholders withsimililr or r&:'a:ed reh.)Vill'I!Interests. (eg,acorpo,ration andii:. rel.led oorporstions. or tt'.a ,na.nager and lrus:ea of an,equity trvst}. the names ooukl b indudodin .i.o annexore tc:> th form. tr1ha rolevari interest;of a group of porsons are essentially Ail'litar. ltle)" rnay be 1efeiredlo Uuuugl Out the 0tm as a spe-:;16cally named group rf he ,nernbershipof esch group. ,l,t11the n3me$ and addtessas of tl)embers

is Cle.arty set out inp(lr1;19ra ph6 of the- fonn.

(2) See 1he c!efin1tioo of"a.ssociate" in section 9 of the Corporations h;t 2001. '

{:!} See the ce'ir:ition of erevanll.ntecst",n sections eoa and 6718(7) of ti e Corpor tions Act 200·1.

1. The vo1in9 shares of a co,npany oonstMe one c;.&ass unless divided hlO $epJrate claeses,

2. The Pf.JSDn's vot&; divided by the totIvotes i"l thebody corporate: or sci'en1e multiplied by 1•JO.

3. Include det.;ii!S 01:

ta)

(b)

any relevao.1.:igroo ncnt or ether circum!:.tances oecausa of whtch the change In relevanl lnt0ros.t occurred If ubsectioo 6718(4) app:ies,a C()py ot anyumeflt set1t1g0,.11 the t&m sofany relevant agreement, and c1 tatwnenlby thepet6on givirlg full an::t aocJrate cleta l;;of any cooIrnet. scheme or arrangemeot. must accofllpJny thisf°>rm , together witha,vritteo sta:ement certifying this contract, scheme or arrangement: 3nd

any qualiftcaton ofthe power of a F=ers:>nto oxcre;sc, control the exrc1&e cf. 011nflu&noe theexeor. the voting powecs or rfiF,;poi.alof U'IG se:urities to which the rela-vanl Interest reltes {nclica in!iC1ea111the pa:ucular s.ec1.1rities t:, vh ch lhe qual·fi-catlon app ies).

See the darinil.Ol'lof"relevanlagreement•in action 9 of the Co1porat101 Act 2001.

(7j Details of theoomidr;;tion must inctuda an · andall benefits,money and other.u1a1 any person from vhom a r 10vat1t titerest ·as aoqui1uJ l1a$.or ,nay become entitled to rece ve in relat ont·::> thal eoquisition.COtilil musl te incJuclede• en the baMfil is conditionalon the happening or nnt nf a conlingencJ. taits must belnctudeo on an)• benefit paid on behalf of u,e subStantialholder oris Hssoc:iato io relationlo the au·siUons,even if they

are nolpaid dlroctfy to the pers-0n from whom thQ l'ell)VntInterest · s acqu!rP.d,

{8} uthe substantiat hok.ieris unabl1.: tu du1011nlne !he identity of the peraon (eg. if the reteva.ot ntet arises because of Jnoption} writ "unkncw1"1'",

(9} Give details.Ifappropriate.of the present as1:;ocia11-::in and any cnange ii'tl"at association since thelast sut:istantialhoJtJi-ng notice.

PrecedentS 3734 v1

Bris_docsl8665181_1

Form 604

Corporations Act 2001

Section 6718

604 page 2/2 15 July 2001

Notice of change of interests of substantial holder

To Company Name/Scheme

NAVARRE MINERALS LIMITED

ACN/ARSN

1. Details of substantial holder (1) Name

   There was a change in the interests of the substantial holder on	30/06/2017
   The previous notice was given to the company on	19/06/2014
   The previous notice was dated	17/06/2014

   ACN/ARSN (if applicable)

   125 140 105

   New Chum Holdings Ply Ltd & associates listed in item 6 081 021 303

2. Previous and present voting power

   Class of securities (4)	Previous notice	Present notice
   	Person's votes I Voting power (5)	Person's votes I Voting power (5)
   Fully paid ordinary shares	5,055,013 16.97%	11,797,692 15.31%*

   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows :

   * Based on 222,046 ,495 ordinary shares on issue

3. Changes in relevant interests

   Date of change	Person whose relevant interest chanqed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   See Annexure

   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

4. Present relevant interests

   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows :

   Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
   New Chum Holdings Ply Ltd	New Chum Holdings Ply Ltd	New Chum Holdings Ply Ltd	Power to exercise (or to control) vote and/or power to dispose of the shares	O	0
   New Chum Holdings Ply Ltd	New Chum Holdings Ply Ltd	New Chum Holdings Ply Ltd	Power to exercise (or to control) vote and/or power to dispose of the shares	6.471• 092fully paid ordinary shares	6 471 092 ' '
   Mr Geoffrey John McDermott & Mrs Catherine Lee McDermott , G and W McDermott>	Mr Geoffrey John McDermott & Mrs Catherine Lee McDermott , G and W McDermott>	Mr Geoffrey John McDermott & Mrs Catherine Lee McDermott , G and W McDermott>	Power to exercise (or control) vote and/or power to dispose of the shares	163•242fully paid ordinary shares	163,242
   Mrs Catherine Lee McDermott	Mrs Catherine Lee Mrs Catherine Lee McDermott McDermott		Power to exercise (or to control) vote and/or power to dispose of the shares	5• 163• 358fully paid ordinary shares	5 163 358 • ·

5. Changes in association

   The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

   Name and ACN/ARSN (if applicable)	Nature of association
   Glenelg Mining Ply Ltd (ACN 083 164 756)	Glenelg Mining Ply Ltd (GMPL) has ceased to be an associate of the substantial holder. Mr Geoffrey McDermott was formerly one of two directors and beneficial owners of GMPL. GMPL's shares in Navarre Minerals Limited were split 50:50 between the two directors of GMPL and transferred off-market into individual holdings (see Annexure) before GMPL was voluntarily deregistered in October 2016.

6. Addresses

The a·ddresses of persons named in this form are as follows:

Name	Address
New Chum Holdings Pty Ltd	3 Florence Street, STAWELL VIC 3380
New Chum Holdings Ply Ltd	3 Florence Street, STAWELL VIC 3380
Mr Geoffrey John McDermott	3 Florence Street, STAWELL VIC 3380
Mrs Catherine Lee McDermott	3 Florence Street, STAWELL VIC 3380
Glenelg Mining Ply Ltd	PO Box 454, BENDIGO VIC 3552

Signature

print name Geoffrey John McDermott capacity Director

sign here date

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form . If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

2. See the definition of "associate" in section 9 of the Corporations Act 2001.

3. See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.

4. The voting shares of a company constitute one class unless divided into separate classes.

5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

6. Include details of:

7. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

8. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

9. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency . Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

10. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown"'.

11. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.