16 December 2013

ASX Code: EXG

ASX Market Announcements

ASX Limited

Exchange Centre

20 Bridge Street

Sydney NSW 2000

Appendix 3Y - Change of Director's Interest Notice

Please find attached an Appendix 3Y for a change in director's holding for Mr David Hamlyn. The change represents off-market transfers between Mr Hamlyn's holding entities and there

is no net effect on his share holding in the Company.

Yours faithfully,

Excelsior Gold Limited

Karen Brown

Company Secretary

Excelsior Gold Limited

ABN 38 123 629 863

Address: Unit 2, 124 Stirling Highway, North Fremantle WA 6159 Postal: PO Box 520, North Fremantle WA 6159

Telephone: 08 9335 770 Facsimile: 08 9335 6231

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 Excelsior Gold Limited

ABN 38 123 629 863

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

David Hamlyn

Date of last notice

21 March 2013

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

Nature of indirect interest

(including registered holder)

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

N/A

Date of change

13 December 2013

No. of securities held prior to change a) Direct Director holding

b) Resourserve Pty Ltd ATF a superfund account of which the Director is sole beneficiary

a) 5,178,666 ordinary shares b) 9,000,000 ordinary shares

Class

Ordinary shares

Number acquired

Resourserve Pty Ltd ATF a superfund account of which the Director is sole beneficiary

b) 1,178,666 ordinary shares

Number disposed

Direct Director holding

a) 1,178,666 ordinary shares

Value/Consideration

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

$0.058 per share

+ 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

(a) Direct Director holding

(b) Resourserve Pty Ltd ATF

Fund>

(a) 4,000,000ordinary shares

(b) 10,178,666 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

Off Market Transfers

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 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?

N/A

If prior written clearance was provided, on what date was this provided?

N/A

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

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