AUSQUEST LIMITED — Director's Dealing 2015

May 5, 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 – AusQuest Limited ABN – 35 091 542 451

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Graeme Drew
Date of last notice	5 December 2013

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	Change in indirect interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Graeme Drew and Mrs Barbara Drew< The Drew Family S/F A/C>
Date of change	30 April 2015
No. of securities held prior to change	Indirect:8,612,466 Ordinary fully paid shares1,500,000 Listed Options
Class	Ordinary fully paid sharesListed Options
Number acquired	3,000,000 Ordinary fully paid shares1,500,000 Listed Options
Number disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$57,000
No. of securities held after change	Indirect:11,612,466 Ordinary fully paid shares1,500,000 Listed Options (exercise priceof $0.04 per option, expiry date of 30November 2016).1,500,000 Listed Options (exercise priceof $0.035 per option, expiry date of 30April 2018).
Nature of changeExample: on‐market trade, off‐market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy‐back	Participation in Tranche 2 of Placementas approved by shareholders on 23 April2015

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

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