AUSTIN METALS LIMITED — Director's Dealing 2016

Jan 28, 2016

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	24 November 2015

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	Megmax Pty Ltd <CGT Super Fund A/C>
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 Super Fund
Date of change	22 to 27 January 2016

• 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:
	-	10,000 Ordinary shares
	Indirect:
	-	341,267 Ordinary shares
	-	1,000,000 Options expire 27
		September 2016, exercise price 8
		cents
	-	2,000,000 Options expire 2
		December 2017, exercise price
		10 cents
	-	1,000,000 Options expire 24
		November 2018, exercise price 4
		cents
Class	Ordinary Shares
Number acquired	282,956
Number disposed	Nil
Value/Consideration	Average $0.0175 per share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Direct:
	-	10,000 Ordinary shares
	Indirect:
	-	624,223 Ordinary shares
	-	1,000,000 Options expire 27
		September 2016, exercise price 8
		cents
	-	2,000,000 Options expire 2
		December 2017, exercise price
		10 cents
	-	1,000,000 Options expire 24
		November 2018, exercise price 4
		cents
Nature of change	On-market trades
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation in
buy-back

• 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
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3