GREENVALE ENERGY LTD — Director's Dealing 2014

Apr 9, 2014

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 Greenvale Mining NL ABN 54 000 743 555

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	Mr Kris Knauer
Date of appointment	9 April 2014

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

Nil.

• 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 interest	Number & class of Securities
Note: Provide details of the circumstances giving rise to
the relevant interest.	Note: Provide details of the circumstances giving rise to the relevant interest.
Interest held by Pitt Street Absolute Return Fund	6,882,469 Ordinary Fully Paid Shares
Pty Ltd of which Mr Knauer is a Director.
The interest is held by Moneybung Pty Ltd ATF	2,317,500 Ordinary Fully Paid Shares.
Moneybung Family Trust. Mr Knauer is a
beneficiary of the trust.

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	Pitt Street Absolute Return Fund Pty Ltd is the registered holder of20 convertible notes, each with a face value of $10,000.The Convertible Notes are unsecured, accrue interest at a rate of 8%per annum and can be converted any time between 31 August 2014and 31 August 2015.The conversion price is equal to the lesser of $0.10 per ordinary shareor 85% of the 5 Day volume weighted average price of the Company’sordinary shares on the ASX immediately prior to the issue of aconversion notice by the Note Holder to the Company.Each share issued upon conversion will have a free attached unlistedoption exercisable at $0.10 on or before 31 August 2018.	Pitt Street Absolute Return Fund Pty Ltd is the registered holder of20 convertible notes, each with a face value of $10,000.The Convertible Notes are unsecured, accrue interest at a rate of 8%per annum and can be converted any time between 31 August 2014and 31 August 2015.The conversion price is equal to the lesser of $0.10 per ordinary shareor 85% of the 5 Day volume weighted average price of the Company’sordinary shares on the ASX immediately prior to the issue of aconversion notice by the Note Holder to the Company.Each share issued upon conversion will have a free attached unlistedoption exercisable at $0.10 on or before 31 August 2018.	Pitt Street Absolute Return Fund Pty Ltd is the registered holder of20 convertible notes, each with a face value of $10,000.The Convertible Notes are unsecured, accrue interest at a rate of 8%per annum and can be converted any time between 31 August 2014and 31 August 2015.The conversion price is equal to the lesser of $0.10 per ordinary shareor 85% of the 5 Day volume weighted average price of the Company’sordinary shares on the ASX immediately prior to the issue of aconversion notice by the Note Holder to the Company.Each share issued upon conversion will have a free attached unlistedoption exercisable at $0.10 on or before 31 August 2018.
Nature of interest	Mr Knauer is a Director of Pitt Street Absolute Return Fund Pty Ltd.
Name of registered holderif id ii	Pitt Street Absolute Return Fund Pty Ltd.
( ssue securtes)
No. and class of securities to which	20 Convertible Notes.
interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

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