HAMMER METALS LIMITED — Director's Dealing 2013

Apr 17, 2013

ASX Announcement ASX Code: MDS ABN 87 095 092 158

18 April 2013

Company Facts

Diversified mining and metals company Midas Resources (ASX: MDS ) is a gold and copper focussed company with significant gold projects at Lake Carey south of Laverton where the Company has the Fortitude gold deposit. The Company also has a significant tenement position in the multi-metal Paterson Province Midas and has drill tested IOCG style copper mineralisation.

Key Projects:

• Lake Carey (100%)

• Paterson Province (100%)

• West Pilbara Iron Ore (100%)

The Iron Ore tenements are subject to a Sale Agreement with Pilbara Commodities Pty Ltd, Midas will receive a further $400k in cash and 4.0 million 20c shares subject to the IPO of Pilbara.

Corporate Structure

Shares on issue 541.4m Performance Options 2.7m 52 week high A$0.017 52 week low A$0.005

CHANGE IN DIRECTORS INTERESTS

The Directors of Midas Resources Limited (‘Midas’ or ‘the Company’) are please to provide the following up date to Directors Interests.

Director Mr John Hopkins participated in the Company’s Share Purchase Plan in November 2012 however through an administrative oversight his increased holding was not advised to the market.

The Company is aware of its listing rule obligations in respect to this matter and specifically listing rules 3.19A and 3.19B. In this respect the Company makes the following statements about the attached Appendix 3Y.

1. The Appendix 3Y had not previously been reported as a result of an administrative oversight.

2. The Company has informed all Directors of the disclosure requirements set out in listing rules 3.19A, 3.19B and s205G of the Corporations Act. In addition the Company has previously adopted a Securities Trading Policy which has been disclosed to the market and which outlines the requirements for disclosure and approval of all securities trading.

3. The Company is confident that the arrangements it currently has in place are adequate and doesn’t believe that any additional steps are required to ensure ongoing compliance with listing rule 3.19B.

An Appendix 3Y is attached for immediate release.

Yours faithfully,

On behalf of Midas Resources Limited

Company Directors

John Hopkins Chairman

Geoff Balfe Managing Director

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Mark Pitts Company Secretary

Derek Fisher 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	John Hopkins
Date of last notice	15 December 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	2 November 2012
No. of securities held prior to change	3,533,334 Ordinary Shares 1,000,000 Unlisted options expiring12/12/2014
Class	Ordinary Shares
Number acquired	446,428 Ordinary Shares
Number disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$ 5,000
No. of securities held after change	3,979,762 Ordinary shares 1,000,000 Unlisted options expiring 12/12/2014

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Take up of securities under share Example: on-market trade, off-market trade, exercise of options, purchase plan. 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.

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

Part 3 –+Closed period
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.

Appendix 3Y Page 2

01/01/2011