MAGNETITE MINES LIMITED. — Director's Dealing 2011

May 5, 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	ROYAL RESOURCES LIMITED
ABN	34 108 102 432

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Philip George Crabb
Date of last notice	4/03/2011

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	BOTH DIRECT AND INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Relevant interests arise by virtue of thepower to control the voting rights attached tothe securities of the entities.
Date of change	(i)3/5/2011(ii)5/5/2011

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to changePhilip G CrabbJune W CrabbIoma Pty Ltd (The Gemini Fund Account)Ragged Range Mining Pty LtdThe Crabb Superannuation Fund	750,000unquoted options exercisableat 30 cents each on or before30 November 2013.10,430ordinary shares.1,490quoted options exercisable at12 cents each on or before 31October 2013.12,096,539 ordinary shares.680,384quoted options exercisable at12 cents each on or before 31October 2013.1,000,000unquoted options exercisableat 50 cents each on or before30 June 2012.750,000unquoted options exercisableat 55 cents each on or before26 November 2014.1,000,000unquoted options exercisableat 28 cents each on or before29 November 2015.5,753,713ordinary shares.1,188,428quoted options exercisable at12 cents each on or before 31October 2013.6,277,233ordinary shares195,833quoted options exercisable at12 cents each on or before 31October 2013.
Class	(i) & (ii)Quoted options exercisable at10 cents each on or before 31October 2011.
Number acquiredThe Crabb Superannuation Fund	(i)3,999(ii)9,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	(i)$289.89(ii)$585.00

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after changePhillip G CrabbJune W CrabbIoma Pty Ltd (The Gemini Fund Account)Ragged Range Mining Pty LtdThe Crabb Superannuation Fund

750,000unquoted options exercisableat 30 cents each on or before30 November 2013.10,430ordinary shares.1,490quoted options exercisable at12 cents each on or before 31October 2013.12,096,539 ordinary shares.680,384quoted options exercisable at12 cents each on or before 31October 2013.1,000,000unquoted options exercisableat 50 cents each on or before30 June 2012.750,000unquoted options exercisableat 55 cents each on or before26 November 2014.1,000,000unquoted options exercisableat 28 cents each on or before29 November 2015.5,753,713ordinary shares.1,188,428quoted options exercisable at12 cents each on or before 31October 2013.6,277,233ordinary shares.12,999quoted options exercisable at10 cents each on or before 31October 2011.195,833quoted options exercisable at12 cents each on or before 31October 2013.

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back

(i) & (ii)On market trades.

• See chapter 19 for defined terms.

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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.

Detail of contract	Not Applicable
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No.
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?	3/05/2011

• See chapter 19 for defined terms.

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