ADMIRALTY RESOURCES NL. — Director's Dealing 2012

May 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 30/09/01 Amended 01/01/11

Name of entity	ADMIRALTY RESOURCES NL
ABN	74 010 195 972

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	Stephen Charles Prior
Date of last notice	17 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	1. Direct
	2. Indirect
Nature of indirect interest	Shares are held by Fortieth Agenda Pty Ltd, a
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	company of which Mr. Prior is a Director.
interest.
Date of change	1. 2 May 2012
	2. 2 May 2012
No. of securities held prior to change	1. 400,000
	2. 3,300,000
Class	Fully paid ordinary shares
Number acquired	1. 100,000
	2. 800,000
Number disposed	1. Nil
	2. Nil
Value/Consideration	1. $4,500
Note: If consideration is non-cash, provide details and estimatedvaluation	2. $36,000
No. of securities held after change	1. 500,000
	2. 4,100,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change	Acquisition of securities under pro-rata non-
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	renounceable rights offer and shortfall offer at$0.045.

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.

Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
Nature of changeExample: on-market trade, off-market trade, exercise of options,Acre
	Nature of changeExample: on-market trade, off-market trade, exercise of options,		Acre	quisition of securities under pro-rata non-nounceable rights offer and shortfall offer at
	issue of securities under dividend reinvestment plan, participation inbuy-back		$0	.045.
	Part 2 – Change of director’s interests in contractNote: In the case of a company, interests which come within paragraph (ii) ofbe 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 inrelation to which the interest has changed	N/A
	Interest acquired	N/A
	Interest disposed	N/A
	Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
	Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011