LCL RESOURCES LIMITED — Director's Dealing 2015

Jun 23, 2015

24 June 2015

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CHANGE OF DIRECTOR’S SHAREHOLDING

Metminco Limited ("Metminco") announces that on 24 June 2015 the Directors were issued a total of 27,240,388 fully paid ordinary shares (Shares) by way of exercise of 26,058,334 options @ A$0.006 (£0.003) per share expiring 27 June 2015 and exercise of 1,182,054 options @ A$0.005 (£0.0026) per share expiring 15 May 2016.

Following this announcement Directors interest in securities in the Company are as set out in Table 1 and Table 2 below:

Table 1 - Shares

Director	Direct and Indirect Interest	Increase	Holding	% Interest
William Howe	Indirect(111,474,933)	11,475,000	111,474,933	4.4%
Francisco Vergara	Direct(10,140,000)and Indirect(50,000,000)	3,750,000	60,140,000	2.4%
PhillipWing	Indirect(26,729,109)	1,041,667	26,729,109	1.1%
Tim Read	Indirect (21,157,692)	6,250,000	21,157,692	0.8%
Roger Higgins	Direct(4,903,848)and Indirect(784,616)	2,451,924	5,688,464	0.2%
Steve Tainton	Indirect(4,843,594)	2,271,797	4,843,594	0.2%
Total		27,240,388	230,033,792	9.2%

Table 2 - Options

Director	Expiring 27 June 2015 @A$0.006 (£0.003) per Share	Expiring 15 May 2016 @A$0.005 (£0.0026) per Share	Total Options
William Howe	21,858,333	16,666,600	38,524,933
Tim Read	3,750,000	3,507,692	7,257,692
PhillipWing	2,708,333	6,044,106	8,752,439
FranciscoVergara	-	2,500,000	2,500,000
Roger Higgins	-	184,616	184,616
Steve Tainton	-	-	-
Total	28,316,666	28,903,014	57,219,680

Attached is an Appendix 3Y for each Director.

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Philip W Killen Company Secretary

Metminco Limited ABN 43 119 759 349 Level 6, 122 Walker Street, North Sydney, NSW, 2060 ASX Code: MNC.AX; AIM Code: MNC.L Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857 www.metminco.com.au

ASX ANNOUNCEMENT

METMINCO LIMITED

24 June 2015

For further information please contact:

METMINCO LIMITED

Stephen Tainton / Phil Killen

Office: +61 (0) 2 9460 1856

NOMINATED ADVISOR AND BROKER

RFC Ambrian Australia Will Souter/ Nathan Forsyth United Kingdom Samantha Harrison / John van Eeghen

Office: +61 (0) 2 9250 0000 Office: +44 (0) 20 3440 6800

FINANCIAL PUBLIC RELATIONS

Buchanan (UK) Gordon Poole/Bobby Morse

Office: +44 (0) 207 466 5000

Page | 2

ASX ANNOUNCEMENT

METMINCO LIMITED

24 June 2015

Company Background

Metminco is a dual ASX and AIM listed company with a portfolio of copper, molybdenum and gold projects in Peru and Chile.

Projects and Mineral Resources

The Los Calatos Project, located in southern Peru, has a total estimated mineral resource of 352 million tonnes at 0.76% Cu and 318 ppm Mo at a cut-off grade of 0.5% Cu, comprising a Measured and Indicated Mineral Resource of 136 million tonnes at 0.73% Cu and 434 ppm Mo, and an Inferred Mineral Resource of 216 million tonnes at 0.78% Cu and 244 ppm Mo.

The Chilean assets include the Mollacas Copper Project with a Mineral Resource of 15.5 million tonnes consisting of a Measured Resource of 11.2 million tonnes at 0.55% Cu and 0.12g/t Au and an Indicated Resource of 4.3 million tonnes at 0.41% Cu and 0.14g/t Au(at a 0.2% copper cut-off); and the Vallecillo Project with a Mineral Resource of 8.9 million tonnes consisting of a Measured Resource of 5.5 million tonnes at 0.84g/t Au, 9.99g/t Ag, 1.12% Zn and 0.32% Pb, an Indicated Resource of 2.6 million tonnes at 0.80g/t Au, 10.23g/t Ag, 0.94% Zn and 0.35% Pb and an Inferred Resource of 0.8 million tonnes at 0.50g/t Au, 8.62g/t Ag, 0.48% Zn and 0.17% Pb (at a cut-off grade of 0.2g/t Au).

The Company also has a number of early stage exploration projects where initial exploration activities have identified anomalous copper, molybdenum and gold values.

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is currently employed by the Company in Chile.

Colin Sinclair has sufficient experience (over 30 years) which is relevant to the style of mineralisation, type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results’. Mr Sinclair, as Competent Person for this announcement, has consented to the inclusion of the information in the form and context in which it appears herein.

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘’anticipate”, “believe”, “could”, “estimate”, “expect”, “future”, “intend”, “may”, “opportunity”, “plan”, “potential”, “project”, “seek”, “will” and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco’s actual results to differ materially from the results expressed or anticipated in these statements.

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing requirements.

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 Metminco Limited

ABN 43 119 759 349

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	William James Howe
Date of last notice	15 May 2015

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 interest
Nature of indirect interest – prior to change (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares and options held directly indirectly
Date of change	24 June 2015
No. of securities held prior to change	99,999,933 shares (50,000,000 indirectly through Finhill Capital Pty Ltd) & 33,333,333 unlisted options exercisable at A$0.006, expiring 27 June 2015 & 16,666,600 unlisted options exercisable at A$0.005 per share, expiring 15 May 2016.
Class	Shares and options
Number acquired	11,475,000 ordinary shares
Number disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$68,850 for ordinary shares

• 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	111,474,933 held indirectly shares (50,000,000 through Finhill Capital Pty Ltd and 61,474,993 held through Wilnic Pty Ltd) & 21,858,333 unlisted options exercisable at A$0.006, expiring 27 June 2015 & 16,666,600 unlisted options exercisable at A$0.005 per share, expiring 15 May 2016
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 11,475,000 unlisted options at A$0.006 per share

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
**Date of change **	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 30/09/01 Amended 01/01/11

Name of entity Metminco Limited

ABN 43 119 759 349

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 Francisco Vergara-Irarrazaval

Date of last notice 15 May 2015

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 – prior to change (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Vergara held 56,390,000 shares (50,000,000 shares in Humber Resources Inc) & 3,750,000 unlisted options exercisable at A$0.006 per share,expiring27June 2015.
Date of change	24 June 2015
No. of securities held prior to change	56,390,000 shares (50,000,000 shares held indirectly through Humber Resources Inc) & 3,750,000 unlisted options exercisable at A$0.006 per share expiring 27 June 2015 held directly & 2,500,000 unlisted options unlisted options exercisable at A$0.005 per share expiring 15 May 2016 indirectly through Humber Resources Inc
Class	Shares and options
Number acquired	3,750,000 ordinary shares at A$0.006 per share
Number disposed	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$22,500 for ordinary shares
No. of securities held after change	60,140,000 shares (50,000,000 shares held indirectly through Humber Resources Inc) & 2,500,000 unlisted options unlisted options exercisable at A$0.005 per share expiring 15 May 2016 indirectly through Humber Resources Inc
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 3,750,000 options at A$0.006 per share

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 30/09/01 Amended 01/01/11

Name of entity Metminco Limited

ABN 43 119 759 349

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 Phillip John Wing

Date of last notice 15 May 2015

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 – prior to change (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares and options
Date of change	24 June 2015

• 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 prior to change	25,687,442 sharesheld as follows: Chile Copper Mine Pty Ltd (13,425,643) Hammerfest Investments Pty Ltd (7,279,491), Bellafont Investments Pty Ltd (26,154), P J Wing Pty Ltd (4,930,000) Kirin Corporation Pty Ltd (26,154) & 3,750,000 unlisted options exercisable at A$0.006 per share, expiring 27 June 2015 held inP J Wing Pty Ltd & 6,044,106 unlisted optionsexercisable at A$0.005 per share, expiring 15 May 2016 held as follows: Chile Copper Mine Pty Ltd (3,158,975), Hammerfest Investments Pty Ltd (1,712,823), Bellafont Investments Pty Ltd (6,154), P J Wing Pty Ltd (1,160,000) Kirin Corporation Pty Ltd (6,154)
Class	Shares and options
Number acquired	1,041,667 ordinary shares at A$0.006 per share.
Number disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$6,250 for shares
No. of securities held after change	26,729,109 sharesheld as follows: Chile Copper Mine Pty Ltd (13,425,643) Hammerfest Investments Pty Ltd (7,279,491), Bellafont Investments Pty Ltd (26,154), P J Wing Pty Ltd (5,971,667) Kirin Corporation Pty Ltd (26,154) & 2,708,333 unlisted options exercisable at A$0.006 per share, expiring 27 June 2015 held inP J Wing Pty Ltd & 6,044,106 unlisted optionsexercisable at A$0.005 per share, expiring 15 May 2016 held as follows: Chile Copper Mine Pty Ltd (3,158,975), Hammerfest Investments Pty Ltd (1,712,823), Bellafont Investments Pty Ltd (6,154), P J Wing Pty Ltd (1,160,000) Kirin Corporation Pty Ltd (6,154)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 1,041,667 options @ at A$0.006 per share

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

Detailof contract	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest relatedprior to change	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration	Not applicable
Interest after change	Not applicable
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?		Not applicable
If prior written clearance was provided, on what date was this provided?		Not applicable

• 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 Metminco Limited

ABN 43 119 759 349

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 Read
Date of last notice	15 May 2015

7

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Read holds an indirect interest in shares and options through Catralex Consultancy Limited in which he holds a 100% interest.
Date of change	24 June 2015
No. of securities held prior to change	14,907,692 shares 10,000,000 unlisted options exercisable at £0.003 per share expiring 27 June 2015 3,507,692 unlisted options exercisable at £0.0026 per share expiring 15 May 2016
Class	Shares and options
Number acquired	6,250,000shares at A$0.005 per share
Number disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$37,500 for shares

• 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	21,157,692 shares 3,750,000 unlisted options exercisable at £0.003 per share expiring 27 June 2015 3,507,692 unlisted options exercisable at £0.0026 per share expiring 15 May 2016
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options 6,250,000 at $0.006 per share.

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
**Date of change **	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 30/09/01 Amended 01/01/11

Name of entity Metminco Limited

ABN 43 119 759 349

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 Roger John Higgins

Date of last notice 15 May 2015

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 interest
Nature of indirect interest – prior to change (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Shares and options
Date of change	24 June 2015
No. of securities held prior to change	3,236,540 shares – direct (2,451,924) and indirect (784,616 - through Tanabal Superannuation Fund) & 1,875,000 unlisted options held directly exercisable at A$0.006 per share expiring 27 June 2015 & 761,540 unlisted options exercisable at A$0.005 per share expiring 15 May 2016 held directly (576,924) and indirectly (184,616 held through Tanabal Superannuation Fund)
Class	Shares and options
Number acquired	2,451,924 shares
Number disposed	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$14,135 for ordinary shares and attached unlisted options
No. of securities held after change	5,688,464 shares – direct (4,903,848) and indirect (784,616 - through Tanabal Superannuation Fund) and 184,616 options @ $0.005 per share expiring 15 May 2016 held through Tanabal Superannuation Fund)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 1,875,000 options at A$0.006 per share & 576,924 options at A$0.005 per share

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 30/09/01 Amended 01/01/11

Name of entity Metminco Limited

ABN 43 119 759 349

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 Stephen Tainton

Date of last notice 15 May 2015

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 – prior to change (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Stephen Tainton held an indirect interest in shares & unlisted options through Erika Tainton
Date of change	24 June 2015
No. of securities held prior to change	2,571,797 shares & 1,666,667 unlisted options exercisable at A$0.006 per share expiring 27 June 2015 & 605,130 unlisted options exercisable at A$0.005 per share expiring 15 May 2016 - both held indirectly through Erika Tainton
Class	Shares and options
Number acquired	2,271,797 shares
Number disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$13,026 for shares

• 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	4,843,594 shares held indirectly through Erika Tainton
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of 1,666,667 unlisted options exercisable at A$0.006 per share & 605,130 unlisted options exercisable at A$0.005 per share

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011