FORTUNA METALS LTD — Director's Dealing 2011

Feb 13, 2011

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 30/9/2001.

Name of entity FRONTIER RESOURCES LIMITED ABN 96 095 684 389

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	Graham John Fish
Date of last notice	15 December 2010

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.

part.
Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	10 February 2011
No. of securities held prior to change	391,457	500,000	500,000	-	-
Class	ORDINARY	UNLISTED OPTIONS $0.04 31/12/ 2012	UNLISTED OPTIONS $0.05 31/12/2012	UNLISTED OPTIONS $0.09 31/12/2012	UNLISTED OPTIONS $0.10 31/12/2012
Number acquired				500,000	500,000
Number disposed	50,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$9750
No. of securities held after change	341,457	500,000	500,000	500,000	500,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

ON MARKET TRADE

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change
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• See chapter 19 for defined terms.

Appendix 3Y Page 2