AUSTIN METALS LIMITED — Director's Dealing 2012

Dec 3, 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 Silver City Minerals Limited (ASX Code: SCI) ABN 68 130 130 933 309

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	Christopher Torrey
Date of last notice	28 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Glenys Rae Torrey. In effect has a beneficial interest in securities held by spouse.
Date of change	28 November 2012
No. of securities held prior to change	Direct: - 10,000 Ordinary shares - 1,000,000 Options expire 6 April 2012, exercise price 25 cents - 1,000,000 Options expire 6 April 2013, exercise price 25 cents - Indirect: - 130,000 Ordinary shares - 2,000,000 Options expire 8 September 2014, exercise price 25 cents

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Unlisted options
Number acquired	1,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration. The options were valued at $0.0299 each.
No. of securities held after change	Direct: - 10,000 Ordinary shares - 1,000,000 Options expire 6 April 2012, exercise price 25 cents - 1,000,000 Options expire 6 April 2013, exercise price 25 cents - Indirect: - 130,000 Ordinary shares - 2,000,000 Options expire 8 September 2014, exercise price 25 cents - 1,000,000 Options expire 23 August 2015, exercise price 15 cents
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issued pursuant to approval by shareholders at the Annual General Meeting held on 28 November 2012.

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 Nature of interest Name of registered holder (if issued securities) Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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 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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