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	Haryono Eddyarto
Date of last notice	19 March 2012

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	Direct Interest
Nature of indirect interest(including registered holder)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:38,772,585 ordinary shares
Class	a. Ordinary Sharesb. Unlisted options (Class UO9) exercisableat $0.04 on or before 31 July 2012
Number acquired	a. 24,000,000b. 10,000,000
Number disposed	Nil

• See chapter 19 for defined terms.

03/08/2012

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	a. $ 480,000 @ $0.02 each shareb. Arthur Phillip (or its nominee) wasgranted10,000,000optionsinconsiderationofArthurPhillipproviding a loan facility of $1 millionto Adavale Resources Limited asapproved by the shareholders at theAGM held on 26 November, 2010. Asannounced on 1 August 2012, theArthur Phillip convertible loan hasbeenterminatedandAdavaleResources Limited has entered into anew convertible loan for $1 millionwith Mr Eddyarto. The 10,000,000options are transferred from ArthurPhillipto Mr Eddyarto for$1.00
No. of securities held after change	INDIRECT:Ordinary Shares: 38,772,585DIRECT:Ordinary Shares: 24,000,000Unlisted Options (Class UO9) : 10,000,000exercisable at $0.04 on or before 31 July2014
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off Market Trades

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

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 – Closed Period

	Were the interests in the securitiesor contracts detailed above tradedduring a closed period wherepriorwrittenclearancewasrequired?	Were the interests in the securitiesor contracts detailed above tradedduring a closed period wherepriorwrittenclearancewasrequired?	Were the interests in the securitiesor contracts detailed above tradedduring a closed period wherepriorwrittenclearancewasrequired?	Were the interests in the securitiesor contracts detailed above tradedduring a closed period wherepriorwrittenclearancewasrequired?	No	No	No	No
	If so, wprovide	as prior wrd to allowdi thi	itten clearanthe tradeid?	ceto	N/A
	procee	urng s	pero
	If prio	r written	clearance w	as	N/A
	provided, on which date was thisprovided?

Date of Lodgement of Appendix 3Y: 3 August, 2012

03/08/2012

• See chapter 19 for defined terms.

Appendix 3Y Page 3