1 July 2015

For Immediate Release

NOTIFICATION OF EXPIRY OF OPTIONS

Ramelius Resources Limited advises that the attached notification of expiry of options has today been mailed to all holders of RMSO Options.

1 July 2015

ISSUED CAPITAL

Ordinary Shares: 469M

DIRECTORS

CHAIRMAN:

Robert Kennedy

NON-EXECUTIVE DIRECTORS:

Kevin Lines Michael Bohm MANAGING DIRECTOR: Mark Zeptner

www.rameliusresources.com.au [email protected]

RAMELIUS RESOURCES LIMITED

Registered Office

Suite 4, 148 Greenhill Road

Parkside, Adelaide

South Australia 5063

Tel +61 8 8271 1999

Fax +61 8 8271 1988

Operations Office

Level 1, 130 Royal Street

East Perth WA 6004

Tel 08 9202 1127

Fax 08 9202 1138

Dom Francese
Company Secretary
26 June 2015
Dear Option Holder
NOTIFICATION OF EXPIRY OF OPTIONS
At the date of this notice you are the registered holder of "RMSO" Options in Ramelius Resources
Limited which are due to expire on 1 August 2015. Your options will expire unless exercised on or before that date. It is therefore important that you carefully read the following information and if
necessary seek independent financial advice.
Expiry Date
Your options expire at 5pm on Saturday 1 August 2015. Quotation of these options (ASX code: "RMSO") will cease on the Australian Securities Exchange at the close of trading on Monday 27
July 2015.
Number of Options held and amount due on exercise
The number of options held at the date of this notice and the amount due on any exercise of options is shown on the attached Exercise of Options Notice Form.
Exercise Price and Payment
The exercise price of the Options is $0.12 per Option. One fully paid ordinary share in the Company will be issued for each Option exercised. You may exercise your Options by payment of the amount due on exercise. Cheques in Australian currency equivalent to the amount due on
exercise should be made payable to Ramelius Resources Limited and crossed "Not Negotiable".
Your cheque, together with completed and signed Exercise of Options Notice Form should be lodged with the Company's Share Registry, Computershare Investor Services Pty Ltd, Level 5, 115
Grenfell Street Adelaide SA 5000 (GPO Box 1903 Adelaide SA 5001) by no later than close of business on Friday 31 July 2015. Any enquiries should be directed to the Share Registry on 1300
556 161 (within Australia) or +61 3 9415 4000 (outside Australia).
Consequence of Non-Payment
Options not exercised by 1 August 2015 will expire with no value and no further entitlement will exist.
Underwriting
No underwriting agreement exists in respect of these options.

www.rameliusresources.com.au [email protected]

RAMELIUS RESOURCES LIMITED

Registered Office

4/148 Greenhill Road

Parkside

South Australia 5063

Tel +61 8 8271 1999

Fax +61 8 8271 1988

Operations Office Level1, 130 Royal Street East Perth WA 6004

Tel 08 9202 1127

Fax 08 9202 1138

Share prices
The latest available market sale price on the Australian Securities Exchange Limited before the date of this notice for fully paid ordinary shares in Ramelius Resources Limited (ASX code "RMS")
being the underlying securities to which the Options relate to was $0.12 on 25 June 2015.
The highest and lowest market price for fully paid ordinary shares in Ramelius Resources Limited (ASX code "RMS") being the underlying securities to which the Options relate to during the three months immediately before the date of this notice and the respective dates were as follows:
Highest Price: $0.157 on 13 and 16 April 2015
Lowest Price: $0.10 on 1 April 2015
Yours faithfully
RM Kennedy
Chairman

Option Expiry Notice

Use a black pen.

Ramelius Resources

Limited

ABN 51 001 717 540

Where a choice is required,

Print in CAPITAL letters

inside the grey areas.

A B C 1 2 3

mark the box with an 'X' X

Options exercisable at A$0.12 expiring on 1 August 2015

Optionholder Entitlement details

Dear Optionholder(s)

You are reminded that the Options to subscribe for Ordinary Shares in the capital of Ramelius Resources Limited registered in your name expire on 1 August 2015. These Options are exercisable wholly or in part by the payment of A$0.12 for each option exercised. Payment has to be received at the address overleaf, by 5:00pm (Adelaide time) on Friday 31 July 2015. For every one option exercised,

the optionholder will be allotted one Ordinary Share in the capital of Ramelius Resources Limited.

Options not exercised by 1 August 2015 will lapse.

To be completed by the Optionholder

ASX Code

Number of Options registered in your name

Amount payable on full exercise of Options at A$0.12 per Option

Number of Ordinary Shares to be issued

RMSO

Number of Options to be exercised Amount enclosed at A$0.12 per Option

I/We enclose my/our payment for the amount shown above being payment of A$0.12 per Option. To the Directors

Ramelius Resources Limited

I/We the abovementioned being the registered holder(s) of the Options, hereby exercise my/our option for Ordinary Shares in Ramelius Resources Limited and

I/we request you allot to me/us and I/we agree to be bound by the Constitution of the Company.

Cheque details - Make your cheque or bank draft payable to Ramelius Resources Limited

Sign Here - This section must be signed for your instructions to be executed

Individual or Optionholder 1 Optionholder 2 Optionholder 3

Sole Director and Sole Company Secretary Director/Company Secretary Director

Contact Details

Please provide your contact details in case we need to speak to you about this slip

See back of form for completion guidelines

200690_Samples/000001/000001

How to complete this form

Exercise your Options in full or part

Registration Name(s)

The fully paid ordinary shares will be registered in the name(s) printed

Signature(s)

You must sign the form as follows in the space provided:

on the form.

Options Exercised

Enter the number of Options you wish to exercise.

Exercise Moneys

Enter the amount of exercise moneys. To calculate the amount payable, multiply the number of Options exercised by the exercise price.

Payment

Make your cheque or bank draft payable to Ramelius Resources Limited in Australian currency and cross it Not Negotiable. Your cheque or bank draft must be drawn on an Australian Bank.

Complete the cheque details in the boxes provided. The total amount must agree with the amount shown in box B.

Sufficient cleared funds must be held in your account as cheques returned unpaid may not be re-presented and may result in your Exercise of Options Notice being rejected. Pin (do not staple) your cheque(s) to the Exercise of Options Notice. Cash will not be accepted. Receipt for payment will not be forwarded.

Individual: Joint holding: Power of Attorney:

Companies:

Deceased Estate:

where the holding is in one name, the Optionholder must sign.

the holding is in more than one name all of the

Optionholders must sign.

to sign under Power of Attorney, you must have already lodged this document with the registry. Alternatively, attach an originally certified copy of the Power of Attorney to this form when you return it.

this form must be signed by either 2 Directors or a Director and a Company Secretary. Alternatively, where the company has a Sole Director and, pursuant to the Corporations Act, there is no Company Secretary, or where the Sole Director is also the Sole Company Secretary, that Director may sign alone. Delete titles as applicable.

all executors must sign and, if not already noted by the registry, a certified copy of Probate or Letters of Administration must accompany this form.

This is an important document and requires your immediate attention. If you are in any doubt as to how to deal with it, please consult your

Financial or other Professional Advisor.

Lodgement of Notice

Option Expiry Notices must be received by Computershare Investor Services Pty Limited Adelaide by no later than 5:00pm (Adelaide time) on Friday 31 July

2015. You should allow sufficient time for this to occur. Return the Option Expiry Notice with cheque(s) attached to:

Computershare Investor Services Pty Limited

GPO Box 1903

Adelaide SA 5000

Neither CIS nor the Company accepts any responsibility if you lodge the Option Expiry Notice at any other address or by any other means.

Privacy Notice

The personal information you provide on this form is collected by Computershare Investor Services Pty Limited (CIS), as registrar for the securities issuers (the issuer), for the purpose of maintaining registers of securityholders, facilitating distribution payments and other corporate actions and communications. In addition, the issuer may authorise us on their behalf to send you marketing material or include such material in a corporate communication. You may elect not to receive marketing material by contacting CIS using the details provided above or emailing [email protected]. We may be required to

collect your personal information under the Corporations Act 2001 (Cth) and ASX Settlement Operating Rules. We may disclose your personal information to our related bodies corporate and to other individuals or companies who assist us in supplying our services or who perform functions on our behalf, to the issuer for whom we maintain securities registers or to third parties upon direction by the issuer where related to the issuer's administration of the securityholding, or as otherwise required or authorised by law. Some of these recipients may be located outside Australia, including in the following

countries: Canada, India, New Zealand, the Philippines, the United Kingdom and the United States of America. For further details, including how to access and correct your personal information, and information on our privacy complaints handling procedure, please contact our Privacy Officer

at [email protected] or see our Privacy Policy at http://www.computershare.com/au.

No Underwriting

No underwriting agreement currently exists in respect of these options.

If you have any enquiries concerning your Option holding, please contact Computershare Investor Services Pty Limited on 1300 556 161 within

Australia, or on +61 3 9415 4000 if overseas