ENTERPRISE METALS LIMITED — Director's Dealing 2014

May 14, 2014

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ACN 123 567 073

ASX ANNOUNCEMENT

14 May 2014

The Manager Companies Announcement Office Australian Securities Exchange Limited Exchange Plaza, 2 The Esplanade PERTH WA 6000

Dear Sir

APPENDIX 3Y’s – CHANGE OF DIRECTOR’S INTEREST NOTICE

We attach Appendix 3Y’s - Change of Director’s Interest Notice for the following Directors of Enterprise Metals Limited (“the Company”):

• Mr Dermot Ryan; and

• Dr Allan Trench.

The Company notes that while full disclosure was made of the participation of the Directors in the Placement, announced to the market on 28 November 2013 and subsequently approved by Shareholders on 17 January 2014, the associated Appendix 3Y’s were not lodged contemporaneously with the announcement of the issue.

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. In this instance the administrative function of lodging the 3Y’s was overlooked. The Company has now instituted regular reconciliation and confirmation of Directors holdings.

The Company believes the current arrangements to be adequate.

If you have any queries, please contact Damian Delaney.

Yours sincerely

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Damian Delaney

Company Secretary

Tel: (+61 8) 9436 9200 Fax: (+61 8) 9436 9220 Email: admin@enterprisemetals.com.au

Level 1, 640 Murray Street, West Perth, WA 6005 PO Box 992, West Perth, WA 6872 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	Dermot Ryan
Date of last notice	15 May 2013

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.	A. Dermot Michael Ryan & Vivienne Eleanor Ryan B. Dermot Michael Ryan & Vivienne Eleanor Ryan
Date of change	29/01/2014
No. of securities held prior to change	A. 5,000,000 fully paid ordinary shares B. 7,400,000 fully paid ordinary shares 2,500,000 unlisted options ($0.149, expiry11/09/2015)
Class	Fully paid ordinary shares and unlisted options exercisable at $0.08, expiring 30 November 2016.
Number acquired	500,000 fully paid ordinary shares and 250,000 unlisted options exercisable at $0.08, expiring 30 November 2016.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$20,000

• 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. 5,000,000 fully paid ordinary shares B. 7,900,000 fully paid ordinary shares 2,500,000 unlisted options ($0.149, expiry 11/09/2015) 250,000 unlisted options ($0.08, expiry 30/11/2016) Nature of change Participation in the placement as approved Example: on-market trade, off-market trade, exercise of options, by shareholders in General Meeting on 17 issue of securities under dividend reinvestment plan, participation in buy-back January 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 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 N/A detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

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Damian Delaney Company Secretary 14 May 2014

• 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 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	Allan Trench
Date of last notice	15 May 2013

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevantinterest.	Dr Allan Trench and Mrs Suzanne Louise Trench
Date of change	29/01/2014
No. of securities held prior to change	A. 900,000 Unlisted Options ($0.149, expiry 11/09/2015) B. 120,000fully paid ordinary shares
Class	Fully paid ordinary shares and unlisted options exercisable at $0.08, expiring 30 November 2016.
Number acquired	B. 125,000 fully paid ordinary shares and 62,500 unlisted options exercisable at $0.08, expiring 30 November 2016.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$5,000

• 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. 245,000 fully paid ordinary shares 62,500 unlisted options ($0.08, expiry 30/11/2016)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in the placement as approved by shareholders in General Meeting on 17 January 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 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 N/A detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

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Damian Delaney Company Secretary

14 May 2014

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3