AUSTRALIA UNITED MINING LIMITED — Director's Dealing 2012

May 1, 2012

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 ABN 35 126 540 547

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Xiao Jing Wang
Date of appointment	2 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

8,918,738 fully paid ordinary shares.

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

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

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

==> picture [406 x 459] intentionally omitted <==

----- Start of picture text ----- Name of holder & nature of Number & class of SecuritiesinterestNote: Provide details of the circumstances giving rise tothe relevant interest.30,000,000 fully paid ordinary sharesWY Australia Investments Pty Ltd<WY Family A/C>(Mr Wang is a director andshareholder of this entity).Ever Resources Pty Ltd 10,000,000 fully paid ordinary shares(Mr Wang is a director andshareholder of this entity).Ms Jia Yu 2,500,000 fully paid ordinary shares(Ms Yu is Mr Wang’s wife, MrWang can control the shares)----- End of picture text -----

Part 3 – 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	None
Nature of interest

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 3