COPPERMOLY LIMITED — Director's Dealing 2011

Nov 16, 2011

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ADDRESS PHONE PO Box 7996 +61(07) 5592 2274 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 2275 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE

ASX Announcement

17[th] November 2011

ASX Code: COY

RETIREMENT OF BOB MCNEIL AS NON-EXECUTIVE DIRECTOR

The Board wishes to advise that Mr Bob McNeil has retired as a Non-Executive Director of Coppermoly Ltd, and its 100% subsidiary Copper Quest (PNG) Ltd, with effect from the close of the Company’s Annual General Meeting on 16 November 2011. Mr McNeil has been a Non-Executive Director of Coppermoly since July 2007, prior to its initial public offering (IPO) and listing on ASX in 2008. He was also one of the originators of the exploration properties and a driving force in the creation and float of the Company.

The Board wishes to thank Mr McNeil for his valuable contributions to the Company, to acknowledge his long career in the industry and to wish him well in his retirement.

A Final Director’s Interest Notice for Mr McNeil is attached.

Yours faithfully

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M. Gannon

Director & Company Secretary

Encl.

Kc/mg019.11

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 COPPERMOLY LTD ABN 54 126 490 855

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	ROBERT DONALD MCNEIL
Date of last notice	03 MAY 2011
Date that director ceased to be director	16 NOVEMBER 2011

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

110,000 ORDINARY SHARES

2,000,000 UNLISTED OPTIONS (19 CENT, EXPIRY 1 DECEMBER 2012) 500,000 UNLISTED OPTIONS (23 CENT, EXPIRY 1 DECEMBER 2012)

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Z Page 2

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 & natureof interestNote: Provide details of the circumstances giving rise tothe relevant interestINDIRECT INTEREST:MCNEIL ASSOCIATES PTY LTDMCNEIL ASSOCIATES PTY LTD<MCNEIL SUPER FUND A/C>(Mr McNeil is a Director andShareholder of McNeil AssociatesPty Ltd)MRS ROSEMARY JOY MCNEIL(Mr McNeil’s wife)	Number & class of securities10,000 ORDINARY SHARES461,000 ORDINARY SHARES202,500 LISTED OPTIONS (COYOA, 7 CENT,EXPIRY 1 DEC 2011)600,000 ORDINARY SHARES

Part 3 – Director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Z Page 3