MAGNETITE MINES LIMITED. — Director's Dealing 2012

Jul 24, 2012

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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	ROYAL RESOURCES LIMITED
ABN	34 108 102 432

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director Date of last notice Date that director ceased to be director

Brian Dudley Richardson 18 July 2012 29 June 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

1,236,096	ordinary shares.
100,000	quoted options exercisable at 12 cents each on or before 31
	October 2013.
500,000	unquoted options exercisable at 55 cents each on or before
	26 November 2014.
750,000	unquoted options exercisable at 28 cents each on or before
	29 November 2015.
750,000	unquoted options exercisable at 21 cents each on or before
	27 November 2016.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestMrs Anne Richardson (spouse)	Number & class of securities631,455ordinary shares.500,000unquoted options exercisableat 30 cent each on or before30 November 2013.

Part 3 – Director’s interests in contracts

Detail of contract N/A Nature of interest N/A Name of registered holder N/A (if issued securities) No. and class of securities to which N/A interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002