AUSTRALIA UNITED MINING LIMITED — Director's Dealing 2012

Jun 5, 2012

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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 30/9/2001.

Name of entity Altius Mining limited

ABN35 126 540 547

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Joe Fekete
Date of last notice	23 Sep 2011
Date that director ceased to be director	30 May 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

200,000 fully paid ordinary shares.

1,400,000 options each having an exercise price of $0.20 and an expiry date of 30 June 2013.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestFekete Management Services PtyLtdATF Early Retirement SuperFund anentity in which Mr Fekete is amember.Lisa Fekete, Mr Fekete’s wife.	Number & class of securities750,000 fully paid ordinary shares.350,000 options having an exercise price of $0.20and an expiry date of 30 June 2013 each.300,000 fully paid ordinary shares.250,000 options having an exercise price of $0.20and an expiry date of 30 June 2013 each.

Part 3 – Director’s interests in contracts

Detail of contract	The Board has agreed to issue Mr Fekete (orhis nominee) 3,000,000 unlisted optionshaving an exercise price of $0.20 and anexpiry date of 31 December 2014. The issue ofthese options is subject to prior shareholderapproval beingobtained bythe Company.
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002