APOLLO MINERALS LIMITED — Director's Dealing 2011

Oct 27, 2011

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 Apollo Minerals Limited ABN 96 125 222 924

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	Richard Shemesian
Date of last notice	14 June 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Black Swan Global Pty Ltd (trustee of aninvestment trust of which the Director is apotential beneficiary)Normandy Corporation Pty Limited(trustee of a self managed superannuationfund of which the director is a member)
Date of change	14 June 2011
No. of securities held prior to change	AON – 14,818,630AONO – 10,000,000
Class	AON – Fully Paid OrdinaryAONO - $0.25 options expiring 30 June2012
Number acquired	800
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	NIL
No. of securities held after change	AON – 14,819,430AONO–10,000,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Correction of previous error Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Nature of change

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.

	Nature of chanExample: on-market trasecurities under dividen	gede, off-market trad reinvestment pl	de, exercise of options,an participation in buy-			Corr	ection of pre	vious erro	r
					issue of
					back
			,
Part 2 – Chan		ge of direc	tor’s interest		s in contra		cts
Note: In the case of a comdisclosed in this part.		pany, interests wh	ich come within paragr		aph (ii) of the defini		tion of “notifiable i	nterest of a dir	ector” should be
	Detail of contr	act		N/	A
	Nature of inte	rest
	Name of reist	ered holde	r
	g(if issued secur	ities)
	Date of change
	No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto 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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed N/A above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date N/A was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002