LATITUDE 66 LIMITED — Director's Dealing 2012

May 29, 2012

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 Syndicated Metals Limited ABN 61 115 768 986

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	David Morgan
Date of last notice	March 22.2012

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	Indirect
Nature of indirect interest	2,972,974 shares and 1,486,487 options held
(including registered holder)	by Emlyn Holdings Pty Ltd ATF Glyn DWR
Note: Provide details of the circumstances giving rise to the relevant	Trust and 1,081,080 shares and 540,540
interest.	options held by DBG Morgan and FM Morgan
	ATF for Morgold Superannuation Fund
Date of change	May 29 2012
No. of securities held prior to change	Nil
Class	Shares and Options
Number acquired	4,054,054 Shares and 2,027,027 free
	attaching options
Number disposed	Nil
Value/Consideration	4,054,054 Shares @ 7.4 cents each for total
Note: If consideration is non-cash, provide details and estimatedvaluation	value of $300,000. Options free attaching.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 2,972,974 shares and 1,486,487 options held by Emlyn Holdings Pty Ltd ATF Glyn DWR Trust, and 1,081,080 shares and 540,540 options held by DBG Morgan and FM Morgan ATF Morgold Superannuation Fund Nature of change Acquired in a placement Example: on-market trade, off-market trade, exercise of options, 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.

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----- Start of picture text ----- 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 a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

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 to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3