ENTERPRISE METALS LIMITED — Director's Dealing 2012

Nov 28, 2012

ENTERPRISE METALS LIMITED ABN 43 123 567 073

29 November 2012

The Manager ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir,

APPENDIX 3Y – CHANGE OF DIRECTOR’S INTEREST NOTICE

We attach Appendix 3Y Change of Director’s Interest Notice for Ms Anna Mao of Enterprise Metals Limited (“the Company”).

The change to Ms Mao’s indirect interests in the Company’s securities has not previously been disclosed due to an inadvertent oversight to inform the Company of the change in beneficial ownership.

The Company believes it has adequate arrangements in place which includes processes to inform the Company’s directors of their obligations to advise the Company of security trading activity and acknowledgments from directors of their obligations in relation to those matters.

The Company does not believe the current arrangements to be inadequate.

If you have any queries, please contact Dennis Wilkins.

Dennis Wilkins Company Secretary

Level 1, Menzies House 640 Murray Street West Perth Western Australia 6005 PO Box 992 West Perth WA 6872 Tel: (+61 8) 9436 9200 Fax: (+61 8) 9436 9220 admin@enterprisemetals.com.au www.enterprisemetals.com.au

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	ENTERPRISE METALS LIMITED
ACN	123 567 073

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	Anna (Ge) Mao
Date of last notice	14 September 2012

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	(a) Direct (b) Indirect (c) Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(b) Worldtex Capital Resources Limited – A Company associated with Ms Mao. (c) Mega Capital Resources Limited – A Company associatedwith MsMao
Date of change	21 September 2012
No. of securities held prior to change	(b) 5,000,000 fully paid ordinary shares 1,612,903 Unlisted Options ($0.25 expiry 01/06/2013) 15,000,000 Unlisted options ($0.25, expiry 12/07/2014) (c) 1,500,000 fully paid ordinary shares 483,871 unlisted options ($0.25, expiry 01/06/2013)
Class	Ordinary fully paid shares
Number acquired	Nil
Number disposed	(5,000,000)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil Pursuant to agreement with respect to the transfer of beneficial ownership

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	(a) 900,000 Unlisted Options ($0.177, expiry 11/09/2015) (b) 1,612,903 Unlisted Options ($0.25 expiry 01/06/2013) 15,000,000 Unlisted options ($0.25, expiry 12/07/2014) (c) 1,500,000 fully paid ordinary shares 483,871 unlisted options ($0.25, expiry 01/06/2013)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off Market transfer

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A N/A

If prior written clearance was provided, on what date was this provided?

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Dennis Wilkins Company Secretary

29 November 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3