Orion Gold NL : Change of Director's Interest Notice - Waddell (05/01/17)

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 Orion Gold NL

ABN 76 098 939 274

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	Denis Waddell
Date of last notice	13 October 2016

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.	Tarney Holdings Pty Ltd. Mr Waddell is a director and shareholder of Tarney Holdings Pty Ltd. DP Waddell Superannuation Fund. Mr Waddell is a trustee and beneficiary of the DP Waddell Superannuation Fund.
Date of change	30 December 2016.
No. of securities held prior to change	31,809,104 shares (indirect - held by Tarney Holdings Pty Ltd). 35,732,220 shares (indirect - held by DP Waddell Superannuation Fund). 6,000,000 unlisted options expiring 31 May 2018 (direct): a. 2,000,000 exercisable at $0.147849; b. 2,000,000 exercisable at $0.247849; and c. 2,000,000 exercisable at $0.347849. 12,000,000 unlisted options expiring 30 November 2020 (indirect - held by Tarney Holdings Pty Ltd): 4,000,000 exercisable at $0.02; 4,000,000 exercisable at $0.035; and 4,000,000 exercisable at $0.05.
Class	Fully paid ordinary shares.

+ See chapter 19 for defined terms.

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Appendix 3Y Change of Director's Interest Notice

Number acquired	25,000,000 fully paid ordinary shares.
Number disposed	Not applicable.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$500,000 for 25,000,000 fully paid ordinary shares.
No. of securities held after change	49,309,104 shares (indirect - held by Tarney Holdings Pty Ltd). 43,232,220 shares (indirect - held by DP Waddell Superannuation Fund). 6,000,000 unlisted options expiring 31 May 2018 (direct): a. 2,000,000 exercisable at $0.147849; b. 2,000,000 exercisable at $0.247849; and c. 2,000,000 exercisable at $0.347849. 12,000,000 unlisted options expiring 30 November 2020 (indirect - held by Tarney Holdings Pty Ltd): 4,000,000 exercisable at $0.02; 4,000,000 exercisable at $0.035; and 4,000,000 exercisable at $0.05.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	25,000,000 fully paid ordinary shares issued at an issue price of 2.0 cents per share to Mr Denis Waddell (or nominee) as approved by shareholders at the Company's Annual General Meeting on 30 November 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	Nil
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

+ 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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3