KINGSROSE MINING LIMITED — Director's Dealing 2011

May 31, 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 KINGSROSE MINING LIMITED

ABN 49 112 389 910

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 CHRISTOPHER MORRIS
Date of last notice	1 OCTOBER 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.

Direct or indirect interest	Indirect interest
Nature of indirect interest	On-Market Trade of ordinary shares and listed
(including registered holder)	options into Goldcrest Pty Ltd, a company in
Note: Provide details of the circumstances giving rise to the relevant	which Mr. Morris has a beneficial interest.
interest.
Date of change	1 June 2011
No. of securities held prior to change	5,250,000 Ordinary Shares
	1,000,000 Unlisted Options
	850,000 Listed Options
Class	1. Ordinary Shares
	2. Listed Options
Number acquired	1. 100,000
	2. 50,000
Number disposed	N/a
Value/Consideration	Purchase price of:
Note: If consideration is non-cash, provide details and estimatedvaluation	1. $1.55 (50K); $1.50 (50K)2. $1.34.
No. of securities held after change	5,350,000 Ordinary Shares
	1,000,000 Unlisted Options
	900,000 Listed Options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

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

On-Market Trade of ordinary shares and listed options purchased by Goldcrest Pty Ltd, a company in which Mr. Morris has a beneficial interest.

Part 2 – Change of director’s interests in contracts – Not Applicable

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 contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluationInterest after change

Not Applicable

Part 3 – Closed period

Were the interests in the securities orcontractsdetailedabovetradedduring a closed period where priorwritten clearance was required?If so, was prior written clearanceprovided to allow the trade toproceed duringthisperiod?Ifpriorwrittenclearancewasprovided, on what date was thisprovided?	NoN/AN/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011