AUDALIA RESOURCES LIMITED — Director's Dealing 2015

Nov 26, 2015

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	Audalia Resources Limited
ABN	49 146 035 690

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 Brent Butler Date of last notice 30 April 2014

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 and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Registered holders: Jayne Butler. Mr Butler is the spouse of the registered holder. Megan Holdings Pty Ltd. Mr Butler is a director and shareholder of the company, which is the registered holder. Megan Holdings Pty Ltd **Investment A/C>. Mr Butler is a director and shareholder of the company which is the trustee of the trust, which is the registered holder.
Date of change	25 November 2015.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct interest 10,000 fully paid ordinary shares Indirect interest 520,000 fully paid ordinary shares.
Class	Shares.
Number acquired	Not applicable.
Number disposed	30,000 Shares.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$6,000.
No. of securities held after change	Indirect interest 500,000 fully paid ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market transfer.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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	Consultant Agreement between Mr Butler and Audalia Resources.
Nature of interest	The Company will, subject to achieving an agreed milestone and subject to the requirements of the Listing Rules of the ASX, grant up to 4,000,000 fully paid ordinary shares to or for the benefit of Mr Butler as a long term incentive.
Name of registered holder (if issued securities)	Mr Butler (or his nominee).
Date of change	27 November 2015 (approval for the issue of Shares was received from shareholders at the AGM held on 27 November 2015).
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	Not applicable
Interest acquired	Up to 4,000,000 Shares
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	Not applicable

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?	Not Applicable
If prior written clearance was provided, on what date was this provided?	Not Applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3