ADAVALE RESOURCES LIMITED — Director's Dealing 2011

Mar 22, 2011

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A.B.N . 91 008 719 015
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23 March 2011

Company Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Amended Appendix 3Y

Please find attached two amended Appendix 3Y.

The Appendix 3Y released 10 December 2010 and the Appendix 3Y released on 18 March 2011 stated the number of securities held prior to change and after change incorrectly. The attached documents have been corrected.

Yours faithfully,

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Sylvie Dimarco Company Secretary Adavale Resources Limited

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Address: U8-9 Forrest Street Cottesloe, Perth, Western Australia, Australia 6001 l Postal Address: PO Box 968, Cottesloe, Perth, Western Australia, Australia 6911. Telephone: (08) 9467 2049 l Facsimile: (08) 9286 2900 l Email: admin@adavaleresources.com.au l Website: www.adavaleresources.com.au

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Amended 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	As the controller of Larca Pty Ltd, the registered holder of the securities.
Date of change	1 September 2009
No. of securities held prior to change	8,626,293 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 Note: If consideration is non-cash, provide details and estimated valuation	nil
No. of securities held after change	8,626,293 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	The performance shares lapsed after 24 months as the performance hurdles were not achieved in the required timeframe

• See chapter 19 for defined terms.

Appendix 3Y

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

1/9/2009