ACROW LIMITED — Director's Dealing 2012

Jun 6, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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	Noble Mineral Resources Limited
ABN	36 124 893 465

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	Wayne Norris
Date of last notice	30 November 2011

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 Not Applicable. Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change No. of securities held prior to change Class Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change

• See chapter 19 for defined terms.

01/01/2011Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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	Call Option over fully paid ordinary shares pursuant to a
	Deutsche Equity Option Facility Agreement between Mr
	Norris and Deutsche Bank AG (Agreement). The Call Option
	gives Mr Norris the right to buy the shares for $0.4048 each
	on 1 June 2015. The exercise price may be adjusted if the
	market price of the shares (as defined in the Agreement)
	exceeds $0.5667 each.
Nature of interest	Direct
Name of registered holder	Wayne David Norris
(if issued securities)
Date of change	30 May 2012
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	Call Option over 11,125,094 fully paid ordinary shares.
Interest disposed	-
Value/Consideration	$500,000 paid in respect of the Call Option. Balance of funds
Note: If consideration is non-cash, provide details and an estimated valuation	to be paid if the Call Option is exercised in June 2015.
Interest after change	Call Option over 11,125,094 fully paid ordinary shares.

Part 3 –[+] Closed period

Part 3 – +Closed period
Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
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.

Appendix 3Y Page 2

01/01/2011