ADVANCE METALS LIMITED — Director's Dealing 2012

May 22, 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 Metals Finance Limited

ABN 83 127 131 604

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	Patrick Anthony Treasure
Date of last notice	30 August 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	Indirect Interest	Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Karton Investments Pty Ltd (Staff Superannuation Fund Account)(Fund) Mr P.A Treasure is a Trustee and Beneficiary of the Fund
Date of change	23 May 2012
No. of securities held prior to change	Securities	Interest	Number
	Ordinary Fully Paid	Direct	1,762,500
	Ordinary Fully Paid	Indirect	1,415,096
	TOTAL		3,177,596
	Options each to acquire one fully paid ordinary share and exercisable at $0.25 each on or before 31 January 2013	Direct	1,000,000
	Options each to acquire one fully paid ordinary share and exercisable at $0.30 each on or before 31 January 2013	Direct	1,000,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary fully paid shares	Ordinary fully paid shares	Ordinary fully paid shares
Number acquired	155,000
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Number of Shares	Value/Consideration
	150,000	3.4 cents each
	5,000	3.8 cents each
No. of securities held after change	Securities	Interest	Number
	Ordinary Fully Paid	Direct	1,762,500
	Ordinary Fully Paid	Indirect	1,570,096
	TOTAL		3,332,596
	Options each to acquire one fully paid ordinary share and exercisable at $0.25 each on or before 31 January 2013	Direct	1,000,000
	Options each to acquire one fully paid ordinary share and exercisable at $0.30 each on or before 31 January 2013	Direct	1,000,000
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐ back	On Market Purchase

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	Nil
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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non‐cash, provide details and 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 detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3