HAMMER METALS LIMITED — Director's Dealing 2012

Dec 20, 2012

ASX Announcement ASX Code: MDS ABN 87 095 092 158

26 November, 2012

Diversified mining and metals company Midas Resources (ASX: MDS ) is a gold and copper focussed company with an advanced gold project at Lake Carey south of Laverton where the Company is carrying out a scoping study on the Fortitude gold deposit. Midas also has an active gold exploration program at Lake Carey testing various targets. In the multi-metal Paterson Province Midas is preparing to diamond drill-test a number of geophysical targets for IOCG and Nifty style copper deposits.

Key Projects:

• Paterson Province (100%)

• Lake Carey (100%)

CHANGE OF DIRECTORS INTEREST NOTICES

Please find attached Appendices 3Y – Change in Directors Interest Notices.

For and on behalf of the Board of Midas Resources Limited

Mark Pitts Company Secretary

• Leonora Gold Project (100%)

Corporate Structure

Shares on issue	525.8m
Performance Options	2.7m
52 week high	A$0.017
52 week low	A$0.006

Company Directors

John Hopkins Chairman

Geoff Balfe

Managing Director

Terry Streeter

Non-Executive Director

Company Secretary

Mark Pitts

MIDAS RESOURCES LIMITED | ABN 87 095 092 158 Level 1 282 Rokeby Road Subiaco WA 6008 | PO Box 356 Subiaco WA 6904 T +61 8 9388 2211 | F +61 8 9388 2600 | www.midasresources.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	MIDAS RESOURCES LIMITED
ABN	87 095 092 158

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	Geoff Balfe
Date of last notice	30 November 2012

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Balfe has a relevant interest in Needmore Investments Pty Ltd and Avanteos Investments Ltd.
Date of change	19 December 2012
No. of securities held prior to change	Direct 500,000 unlisted options expiring 15/11/13 Indirect 15,705,877 ordinary shares 6,741,200 listed options (MDSOC) expiring 30/11/12
Class	(1) Ordinary Shares (2) Listed options
Number acquired	(1) 10,049,112

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	(2) (6,741,200) Listed options expired
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(1) $0.01 per share (2) Nil
No. of securities held after change	Direct 500,000 unlisted options expiring 15/11/13 Indirect 25,754,989 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	(1) Shares issued in settlement of Director Loans as approved by shareholders at the AGM (2) Listed options expired

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 detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade n/a to proceed during this period? If prior written clearance was provided, on what date was this n/a provided?

• 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	MIDAS RESOURCES LIMITED
ABN	87 095 092 158

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	Terry Streeter
Date of last notice	1 November 2011

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.	Mr Streeter has a relevant interest in Jungle Creek Gold Mines Pty Ltd & Velsberry Pty Ltd
Date of change	19 December 2012
No. of securities held prior to change Jungle Creek Gold Mines Pty Ltd Velsberry Pty Ltd	39,500,755 ordinary shares 7,110,186 listed options (MDSOC) expiring 30/11/12 59,677,605 ordinary shares 2,446,504 listed options (MDSOC) expiring 30/11/12
Class	(1) Ordinary Shares (2) Listed options
Number acquired	(1) 5,467,506

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	(2) (9,556,690) listed options expired
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(1) $0.01 (2) Nil
No. of securities held after change Jungle Creek Gold Mines Pty Ltd Velsberry Pty Ltd	39,500,755 ordinary shares 65,145,111 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	(1) Shares issued on partial settlement of Director Loans as approved by shareholders at AGM. (2) Listed options expired

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

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3