ESTRELLA RESOURCES LIMITED — Director's Dealing 2012

May 8, 2012

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Estrella Resources Limited ABN 39 151 155 207

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr Jason Robert Berton
Date of appointment	25 October 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

3,000,000 options exercisable at $0.25 each on or before 12 September 2014 (all escrowed period of 24 months from the date of quotation) and with various vesting criteria.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of in	Name of holder & nature of in	Name of holder & nature of in
		Name of holder & nature of in	terest	Numbe	r & class of Securit	ies
		Note: Provide details of the circumstarise to the relevant interest.	nces giving
		Orogen Investments Pty Limi	ted	1,000,0Escro	00 ordinary shareed for a eriod of	s (750,000 of which are24 months from the date
				of quot	pation)

Part 3 – 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	Employment Contract as particularised in
	section 7 on page 88 of the Company’s
	Replacement Prospectus dated 11 April 2012.
Nature of interest	Employment Contract
Name of registered holder	N/A
(if issued securities)
No. and class of securities to which	N/A
interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002