AUSTRALIAN VANADIUM LIMITED — Director's Dealing 2016

May 2, 2016

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.

Introduced 30/9/2001.
Name of entity	AUSTRALIAN VANADIUM LIMITED
ABN	90 116 221 740

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	Brian Davis
Date of last notice	29 April 2016
Date that director ceased to be director	29 April 2016

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

1,333,334 fully paid ordinary shares 333,334 listed options (31/12/2018; $0.02)

• See chapter 19 for defined terms.

Appendix 3Z Page 1

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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 interestGeologica Pty Ltd(Director/Shareholder)	Number & class of securities1,333,334 fully paid ordinary shares333,334 listed options (31/12/2018; $0.02)1,000,000 unlisted options (31/12/2017; $0.014712)

Part 3 – Director’s interests in contracts

Detail of contract	Each Performance Right converts to one ordinaryfully paid share, subject to satisfaction of specifiedperformance criteria as approved by shareholders on20 November 2015. The Performance Rights expireon 2 February 2020.
Nature of interest	Unlisted Performance Rights
Name of registered holder(if issued securities)	Brian Davis
No. and class of securities towhich interest relates	6,000,000 unlisted performance rights

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002