AXP ENERGY LIMITED — Director's Dealing 2012

Jan 24, 2012

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.

Name of entity Austin ExplorationLimited ABN 114 198 471

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	Chris Hodge
Date of last notice
Date that director ceased to be director	24 January 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

1,000,000 ordinary shares

1,000,000 options exercisable at $0.055 expiring on or before 12 December 2013

+ See chapter 19 for defined terms.

Appendix 3Z  Page 1

11/3/2002

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 riseto the relevant interestTuffy Nominees Pty Ltd as Trusteefor his Super Fund	Number & class of securities900,000 ordinary shares

Part 3 – Director’s interests in contracts

Part 3 –		Director’s interests in contracts
	Detail	of contract	None
	Nature	of interest
	Name(if issu	of registered holdered securities)
	No. aninteres	d class of securities to whicht relates

+ See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002