MAGNETITE MINES LIMITED. — Director's Dealing 2012

Apr 9, 2012

Level 3, IBM Building 1060 Hay Street, West Perth Western Australia 6005

10 April 2012

PO Box 7525 Cloisters Square, Perth Western Australia 6850

Telephone:+61 8 9322 8542 Facsimile:+61 8 9322 6577 info@royalresources.com.au

www.royalresources.com.au ABN: 34 108 102 432

The Manager ASX Market Announcements ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Via Electronic Lodgement

Dear Sir/Madam

EXPIRY OF UNQUOTED OPTIONS

We wish to advise that 1,500,000 unquoted options exercisable at 30 cents each expired on 6 April 2012 (ROYAK).

Yours sincerely ROYAL RESOURCES LIMITED

==> picture [68 x 76] intentionally omitted <==

Frank DeMarte COMPANY SECRETARY

3-026-12.ROY.FDM.KG

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 30/9/2001.

Name of entity ROYAL RESOURCES LIMITED ABN 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.

Name of Director	Marcus Flis
Date of last notice	30/11/2011

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

Direct or indirect interest	BOTH DIRECT AND INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Relevant interests arise by virtue of thepower to control the voting rights attached tothe securities of the entities.
Date of change	6/04/2012

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice	Appendix 3YChange of Director’s Interest Notice
	No. of securities held prior to change
	Mr Marcu(M & S FSusan FliRowan Tr	s Ferdinlis Supes	and Flisr Fund A/C)		266,700ordinary shares.38,100quoted options exercisacents each on or beforeOctober 2011.1,500,000options expiring 6 Aprilexercisable at 30 cents e1,500,000options expiring 6 Aprilexercisable at 50 cents e233,333ordinary shares.33,333quoted options exercisacents each on or beforeOctober 2011.1,000,000options expiring 30 Aprexercisable at 8 cents e	ble at 10312012ach.2013ach.ble at 1031il 2013ch
		ee Fund	Account		1,333,333ordinary shares.333,333quoted options exercisacents each on or beforeOctober 2011.1,500,000unquoted options exerci	.ble at 1031sable at
					55 cents each on or befoNovember 2014.1,750,000unquoted options exerci28 cents each on or befoNovember 2015.2,000,000unquoted options exerci21 cents each on or befoNovember 2015.	re 26sable atre 29sable atre 27
	Class				Unquoted options exercisable at 30 ceach on or before 6 April 2012.	ents
	Nb	id
	umer acqure				-
	Number disposed(M & S Flis Super Fund A/C)				1,500,000
	Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation				Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change(M & S Flis Super Fund A/C)Susan Flis(Rowan Tree Fund A/C)

266,700ordinary shares.38,100quoted options exercisable at 12cents each on or before 31October 2013.1,500,000options expiring 6 April 2013exercisable at 50 cents each.233,333ordinary shares.33,333quoted options exercisable at 12cents each on or before 31October 2013.1,000,000options expiring 30 April 2013exercisable at 8 cents each.1,333,333ordinary shares.333,333quoted options exercisable at 12cents each on or before 31October 2013.1,500,000unquoted options exercisable at55 cents each on or before 26November 2014.1,750,000unquoted options exercisable at28 cents each on or before 29November 2015.2,000,000unquoted options exercisableat 21 cents each on or before27 November 2016.

Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan,participation in buy-back

Expiry of unquoted options.

Part 2 – Change of director’s interests in contracts

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 contractin relation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearance wasrequired?	No.
If so, was prior written clearance provided to allow the trade toproceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 4

30/9/2001