ADAVALE RESOURCES LIMITED — Director's Dealing 2012

Aug 2, 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 30/9/2001.

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	Mr Richard J Poole
Date of last notice	24 December 2010

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 Interest
Nature of indirect interest	Fontelina Pty Ltd, of which Richard Poole is a
(including registered holder)	director and shareholder
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	2 August 2012
No. of securities held prior to change	Indirect:
	Ordinary Shares:
	50,796,085
	Unlisted Options : 27,004,435
	exercisable at $0.04 cents on or before 31
	July2014
Class	Unlisted Options
Number acquired	Indirect :
	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Number disposed	Number disposed	Number disposed	Unlisted Options (Class UO9) : 10,000,000exercisable at $0.04 on or before 31 July2014	Unlisted Options (Class UO9) : 10,000,000exercisable at $0.04 on or before 31 July2014
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation				Arthur Phillip (or its nominee) was granted10,000,000 options in consideration ofArthur Phillip providing a loan facility of $1million to Adavale Resources Limited asapproved by the shareholders at the AGMheld on 26 November, 2010. As announcedon 1 August 2012, the Arthur Phillipconvertible loan has been terminated andAdavale Resources Limited has entered intoa new convertible loan for $1 million with MrEddyarto. The 10,000,000 options aretransferred from Arthur Phillip to MrEddyarto for $1.00
No. of securities held after change				Indirect:Ordinary Shares:50,796,085.00Unlisted Options (Class UO1) : 17,004,435exercisable at $0.04 cents on or before 31July 2014
				Unlisted Optionsexercisable at $	(Class UO1) : 17,004,4350.04 cents on or before 31
				July 2014
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back				Off Market Trade

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	N/A

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

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A

Date Lodged: 3 August 2012

• See chapter 19 for defined terms.

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