AUSTRALIAN VANADIUM LIMITED — Director's Dealing 2009

Nov 2, 2009

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 30/9/2001.

Name of entity	Yellow Rock Resources Limited
ABN	90 116 221 740

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	Donald Lawrence Valentino
Date of last notice	18 May 2009

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Jayvee Investments Pty Ltd A/C> (Director)
Date of change	30 October 2009
No. of securities held prior to change	Indirect - 2,697,720 ordinary shares - 2,377,251 options(30 November 2009;20 cents)
Class	Ordinary shares Options (30 September 2012; 7 cents) Options (1 September 2011; 8 cents) Options (1 September 2012; 11 cents) Options (1 September 2013; 14 cents)
Number acquired	Direct - 2,000,000 options (1 September 2011; 8 cents) - 2,000,000 options (1 September 2012; 11 cents) - 2,000,000 options (1 September 2013; 14 cents) Indirect - 3,000,000 ordinary shares - 3,000,000 options (30 September 2012; 7 cents)
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Ordinary shares - $0.039 per share Options - Nil
No. of securities held after change	Direct - 2,000,000 options (1 September 2011; 8 cents) - 2,000,000 options (1 September 2012; 11 cents) - 2,000,000 options (1 September 2013; 14 cents) Indirect - 5,697,720 ordinary shares - 2,377,251 options (30 November 2009; 20 cents) - 3,000,000 options (30 September 2012; 7 cents)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Securities issued pursuant to shareholder approval on 1 October 2009: 1. 3,000,000 shares, together with 3,000,000 free attaching options, issued as part of securities placement. 2. 6,000,000 options issued as incentive options.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Appendix 3Y Valentino.doc

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

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 30/9/2001.

Name of entity	Yellow Rock Resources Limited
ABN	90 116 221 740

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	Jeffrey Peter Green
Date of last notice	2 July 2009

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Green Drilling Pty Ltd (Director/Shareholder)
Date of change	30 October 2009
No. of securities held prior to change	Nil
Class	Ordinary shares Options (30 September 2012; 7 cents) Options (1 September 2011; 8 cents) Options (1 September 2012; 11 cents) Options (1 September 2013; 14 cents)
Number acquired	Direct - 1,000,000 options (1 September 2011; 8 cents) - 1,000,000 options (1 September 2012; 11 cents) - 1,000,000 options (1 September 2013; 14 cents) Indirect - 1,500,000 ordinary shares - 1,500,000 options (30 September 2012; 7 cents)
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Ordinary shares - $0.039 per share Options - Nil
No. of securities held after change	Direct - 1,000,000 options (1 September 2011; 8 cents) - 1,000,000 options (1 September 2012; 11 cents) - 1,000,000 options (1 September 2013; 14 cents) Indirect - 1,500,000 ordinary shares - 1,500,000 options (30 September 2012; 7 cents)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Securities issued pursuant to shareholder approval on 1 October 2009: 1. 1,500,000 shares, together with 1,500,000 free attaching options, issued as part of securities placement. 2. 3,000,000 options issued as incentive options.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Appendix 3Y Green.doc

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

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 30/9/2001.

Name of entity	Yellow Rock Resources Limited
ABN	90 116 221 740

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	Rocco Phillip Schirripa
Date of last notice	16 March 2009

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Rocco Phillip Schirripa Trust A/C> (Beneficiary)
Date of change	30 October 2009
No. of securities held prior to change	Direct - 100,000 ordinary shares
Class	Ordinary shares Options (30 September 2012; 7 cents) Options (1 September 2011; 8 cents) Options (1 September 2012; 11 cents) Options (1 September 2013; 14 cents)
Number acquired	Direct - 1,000,000 options (1 September 2011; 8 cents) - 1,000,000 options (1 September 2012; 11 cents) - 1,000,000 options (1 September 2013; 14 cents) Indirect - 1,250,000 ordinary shares - 1,250,000 options (30 September 2012; 7 cents)
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Ordinary shares - $0.039 per share Options - Nil
No. of securities held after change	Direct - 100,000 ordinary shares - 1,000,000 options (1 September 2011; 8 cents) - 1,000,000 options (1 September 2012; 11 cents) - 1,000,000 options (1 September 2013; 14 cents) Indirect - 1,250,000 ordinary shares - 1,250,000 options (30 September 2012; 7 cents)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Securities issued pursuant to shareholder approval on 1 October 2009: 1. 1,250,000 shares, together with 1,250,000 free attaching options, issued as part of securities placement. 2. 3,000,000 options issued as incentive options.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Appendix 3Y Schirripa.doc

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002