AUSTRALIAN VANADIUM LIMITED — Director's Dealing 2012

Mar 25, 2012

Appendix 3Y Change of Director’s Interest Notice

**Appendix

3Y**

Rule 3.19A.2

**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

Yellow Rock Resources 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	Sydney James Chesson
Date of last notice	20 March 2012

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.

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.	Beneficiary of Dutco Superfund –Jade Glen Pty Ltd ATF Dutco Superfund
Date of change	20 March 201223 March 2012
No. of securities held prior to change	3,100,000
Class	Ordinary
Number acquired	46,280 purchased 20/03/201253,720 purchased 23/03/2012
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.0200
No. of securities held after change	3,200,00

See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

**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 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.

Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
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 int Note: In the case of a company, interests which come withdisclosed in this part.	erests in contractsin paragraph (ii) of the definition of “notifiable interest of a director” should b
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 to	N/A
changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

**Part

3 –**[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhereprior written clearance was required?	N/A
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011