AUSTIN METALS LIMITED — Director's Dealing 2015

Nov 23, 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 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	2 December 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	Glenys Rae Torrey
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	In effect has a relevant interest in sharesheld by spouse
Date of change	24 November 2015

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct:-10,000 Ordinary sharesIndirect:-341,267 Ordinary shares-1,000,000 Options expire 23August 2015, exercise price 15cents #-1,000,000 Options expire 27September 2016, exercise price 8cents-2,000,000 Options expire 2December 2017, exercise price10 cents# Expired
Class	Unlisted Options expiring 24 November2018–exercise price 4 cents each
Number acquired	1,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Direct:-10,000 Ordinary sharesIndirect:-341,267 Ordinary shares-1,000,000 Options expire 27September 2016, exercise price 8cents-2,000,000 Options expire 2December 2017, exercise price10 cents-1,000,000 Options expire 24November 2018, exercise price 4cents
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issued pursuant to shareholder approvalat AGM held on 19 November 2015

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

	Part 3	–+Closed period
	Wereabove	the interests in thetraded during a+cl	securities or contractsosed period where pri	detailedor written	No
	cleara	nce was required?
	If so,to pro	was prior written cleaceed during this perio	rance provided to allowd?	the trade	N/A
	If prio	r written clearance wa	s provided, on what dat	e was this	N/A
	provi	ded?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3