Austral Gold Limited — Director's Dealing 2012

Oct 14, 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 Austral Gold Limited ABN 30 075 860 472

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	Wayne Hubert
Date of last notice	18 October 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 relevantinterest.	Registered holder of the shares is MerrillLynch Australia Nominees Pty Limited.
Date of change	No change in this holding
No. of securities held prior to change	1,750,000 ordinary shares(Merrill Lynch Australia Nominees PtyLimited)
Class	Ordinary shares
Number acquired	-
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-
No. of securities held after change	1,750,000 ordinary shares(Merrill Lynch Australia Nominees PtyLimited)

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change	There was no change in this holding.
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	Information provided for completeness.
buy-back

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	Put and call agreement dated 4 August 2011
Nature of interest	Put right at $0.2678 per share; and
	call option at $0.2678 per share
	Both are exercisable 4 August 2012
Name of registered holder	Put: Merrill Lynch (Australia) Nominees Pty Limited
(if issued securities)	(as referred to in part 2 of this form)
	Call: Inversiones Financieras del Sur SA
Date of change	4 August 2012
No. and class of securities to	Put: 1,750,000 ordinary shares (as referred to in
which interest related prior to	part 2 of this form)
change	Call: 2,500,000 ordinary shares
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	-
Interest disposed	Agreement lapsed, therefore Mr Hubert no longer
	has an interest in any securities under this
	agreement.
Value/Consideration	Nil
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	Nil

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts	12 August was a closed
detailed above traded during a+closed period	period, however the change
where prior written clearance was required?	of interest was not the result
	of a trade or exercise, the
	agreement lapsed.
If so, was prior written clearance provided to	n/a
allow the trade toproceed during thisperiod?
If prior written clearance was provided, on what	n/a
date was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3