CANNINDAH RESOURCES LIMITED — Director's Dealing 2011

Nov 9, 2011

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 30/09/01 Amended 01/01/11

Name of entity	PLANET METALS LIMITED
ABN	35 108 146 694

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	Andrew Langham Gillies
Date of last notice	18 July 2011

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	Indirect and Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Ordinary shares held through Company of which Planet Director is a Director and Shareholder and a Superannuation Fund of which a beneficiary and Trustee
Date of change	7 November 2011
No. of securities held prior to change	2,261,934 Ordinary Shares (held directly and indirectly)
Class	Unlisted options
Number acquired	500,000 Unlisted Options to acquire Ordinary Shares at 11 cents until 7 November 2013 500,000 Unlisted Options to acquire Ordinary Shares at 12.5 cents until 7 November 2013 Options (held indirectly) lapse 3 months after ceasing to be a Director if not exercised before that time
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	2,261,934 Ordinary Shares (held directly and indirectly) 500,000 Unlisted Options to acquire Ordinary Shares at 11 cents until 7 November 2013 500,000 Unlisted Options to acquire Ordinary Shares at 12.5 cents until 7 November 2013 Options (held indirectly) lapse 3 months after ceasing to be a Director if not exercised before that time
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options as approved at the Company’s Annual General Meeting

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 – +Closed period
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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