ADAVALE RESOURCES LIMITED — Director's Dealing 2009

Sep 1, 2009

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 30/9/2001.

Name	of entity	Adavale Resources Limited
ABN	91 008 719	015

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	John Ernest Risinger
Date of last notice	6 May 2008

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	Indirect
Nature of indirect interest	As the controller of Larca Pty Ltd, the registered
(including registered holder)	holder of the securities.
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	1 September 2009
No. of securities held prior to change	8,226,293 Shares
	3,871,000 Performance shares
Class	Indirect Performance Shares
Number acquired	nil
Number disposed	3,871,000 - indirect performance shares lapsed and
	redeemed
Value/Consideration	nil
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	8,226,293 Shares
Nature of change	The performance shares lapsed after 24 months as
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	the performance hurdles were not achieved in therequired timeframe

• See chapter 19 for defined terms.

Appendix 3Y Page 1

1/9/2009

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms. Appendix 3Y Page 2

1/9/2009