ENTERPRISE METALS LIMITED — Director's Dealing 2014

Dec 30, 2014

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 Ltd ABN 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Dermot Ryan
Date of last notice	15 May 2014

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	Indirect
Nature of indirect interest	D.	M. Ryan & V. E. Ryan	<RF Super Fund
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	A/C> (trustee and beneficiary of account)
interest.
Date of change	24	December 2014
No. of securities held prior to change	Indirect
	•	D. M. Ryan & V.	E. Ryan <The
		Enterprise A/C> -
		5,000,000 fully paid ordinary shares.
	•	D. M. Ryan & V. E.	Ryan <RF Super
		Fund A/C>
		7,900,000 fully paid ordinary shares.
		250,000unlisted	options ($0.08;
		expiry 30/11/16).
		2,500,000 unlisted	options ($0149;
		expiry 11/9/15).
Class	Fully paid ordinary shares.
Number acquired	375,000 fully paid ordinary shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.04 per fully paid ordinary share.
No. of securities held after change	Indirect•D. M. Ryan & V. E. Ryan <TheEnterprise A/C> -5,000,000 fully paid ordinary shares.•D. M. Ryan & V. E. Ryan <RF SuperFund A/C>8,275,000 fully paid ordinary shares.250,000unlistedoptions ($0.08;expiry 30/11/16).2,500,000 unlisted options ($0149;expiry 11/9/15).
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of fully paid ordinary sharespursuant to the Share Purchase Plan asannounced to ASX on 25 November 2014.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance was required? **	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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 Ltd ABN 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Dr Allan Trench
Date of last notice	15 May 2014

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 relevantinterest.	Dr A. & Mrs S. L. Trench <Trench SuperFund A/C> (trustee and beneficiary ofaccount)
Date of change	24 December 2014
No. of securities held prior to change	DirectDr A. Trench –900,000 unlisted options ($0.177; expiry11/9/15).IndirectDr A. & Mrs S. L. Trench <Trench SuperFund A/C> -62,500 unlisted options ($0.08; expiry30/11/16).245,000 fully paid ordinary shares.
Class	Fully paid ordinary shares.
Number acquired	37,500 fully paid ordinary shares.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil.
Value/Consideration	$0.04 per fully paid ordinary share.
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Direct
	Dr A. Trench –
	900,000 unlisted options ($0.177; expiry
	11/9/15).
	Indirect
	Dr A. & Mrs S. L. Trench <Trench Super
	Fund A/C> -
	62,500 unlisted options ($0.08; expiry
	30/11/16).
	282,500 fully paid ordinary shares.
Nature of change	Issue of fully paid ordinary shares
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	pursuant to the Share Purchase Plan asannounced to ASX on 25 November 2014.

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	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 winterest related prior to changeNote: Details are only required for a contrrelation to which the interest has changed	hichact in	N/A
	Interest acquired		N/A
	Interest disposed		N/A
	Value/ConsiderationNote: If consideration is non-cash, provideand an estimated valuation	details	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance was required? **	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3