AUSTRALIAN VANADIUM LIMITED — Director's Dealing 2009

Mar 15, 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	Rocco Phillip Schirripa
Date of last notice	19 December 2008

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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	13 March 2009
No. of securities held prior to change	Nil
Class	Ordinary shares
Number acquired	100,000
Number disposed	Nil
Value/Consideration	$3,575
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 100,000 ordinary shares Nature of change On market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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.

No. of securities held after change	No. of securities held after change	No. of securities held after change	No. of securities held after change	100,000 ordinary shares	100,000 ordinary shares	100,000 ordinary shares	100,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back				On market trade
Part 2 – Change of	director’s intere		sts in contracts
			“		”
Note: In the case of a company, inin this part.	terests which come within parag		raph (ii) of the definition of not		ifiable interest of a director sho	uld be disclosed
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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed		N/A
Interest acquired		N/A
Interest disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated 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