CENTAURUS METALS LIMITED — Director's Dealing 2010

May 5, 2010

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 Centaurus Metals Limited ABN 40 009 468 099

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	Darren Peter Gordon
Date of last notice	15 February 2010

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The Gordon Family Trust Darren Peter Gordon is trustee and a beneficiary of the Gordon Family Trust
Date of change	30 April 2010 – issue of unlisted employee options
No. of securities held prior to change	Nil
Class	Unlisted employee options
Number acquired	2,000,000 to vest on satisfaction of performance hurdles: - First tranche of 1,000,000 to vest on commencement of iron ore production on a Mining Lease from the Company’s iron ore projects in Brazil. - Second tranche of 1,000,000 to vest on achievement of iron ore production from the Company’s iron ore projects at an average rate of 250,000 tonnes per month over a consecutive 3 month period.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil
No. of securities held after change		Indirect The Gordon Family Trust 2,000,000 unlisted employee options: - 1,000,000 exercisable at 8.0 cents, vesting on commencement of iron ore production on a Mining Lease from the Company’s iron ore projects in Brazil, expiring 31 March 2015. - 1,000,000 exercisable at 8.0 cents, vesting on achievement of iron ore production from the Company’s iron ore projects at an average rate of 250,000 tonnes per month over a consecutive 3 month period, expiring 31 March 2015.
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 employee options as approved by shareholders at the Company’s General Meeting held on 31 March 2010.

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

6 May 2010

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2

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 Centaurus Metals Limited ABN 40 009 468 099

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	Richard Grant Manners Hill
Date of last notice	15 February 2010

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Silverpeak Nominees Pty Ltd Richard Grant Manners Hill is a director and shareholder in Silverpeak Nominees Pty Ltd.
Date of change	30 April 2010 – issue of unlisted employee options
No. of securities held prior to change	Nil
Class	Unlisted employee options
Number acquired	1,500,000 vesting as follows: - 500,000 vesting immediately. - 500,000 to vest on 31 March 2011. - 500,000 to vest on 31 March 2012.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Indirect Silverpeak Nominees Pty Ltd 1,500,000 unlisted employee options: - 500,000 exercisable at 8.0 cents, vested, expiring 31 March 2015. - 500,000 exercisable at 10.0 cents, vesting on 31 March 2011, expiring 31 March 2015. - 500,000 exercisable at 12.0 cents, vesting on 31 March 2012, expiring 31 March 2015.
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 employee options as approved by shareholders at the Company’s General Meeting held on 31 March 2010.

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.

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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
----- End of picture text -----

6 May 2010

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 4