KINGSROSE MINING LIMITED — Director's Dealing 2012

Jan 3, 2012

Appendix 3Y Change of Director’s Interest Notice

**Appendix

3Y Change
of
Director’s
Interest
Notice**

Rule
3.19A.2

_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	TIMOTHY G. SPENCER
Date of last notice	1 September 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	1,120,917 Ordinary Shares 500,000 Unlisted Options
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	n/a.
Date of change	3 January 2012
No. of securities held prior to change	1,120,917 Ordinary Shares 500,000 Unlisted Options
Class	Ordinary Shares Unlisted Options
Number acquired	500,000 ordinary shares – exercise of options under ESOP
Number disposed	370,917 ordinary shares – on market trade
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Disposed - $509,668 Acquired - $70,000
No. of securities held after change	1,250,000 Ordinary Shares

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature
of
change Disposed
–
on
market
trade. Example:
on-­‐market
trade,
off-­‐market
trade,
exercise
of
options,
issue
of Acquired
–
exercise
of
options
previously
issued securities
under
dividend
reinvestment
plan,
participation
in
buy-­‐back under
the
Company’s
Employee
Share
Option Plan.

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 contract	Not Applicable
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
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 thisperiod?	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