MAGNETITE MINES LIMITED. — Director's Dealing 2017

Mar 16, 2017

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17 March 2017

The Manger ASX Compliance Pty Ltd Level 40, Central Park 152 – 158 St Georges Terrace PERTH WA 6000

Dear Sir/Madam

118B Glen Osmond Road, Parkside South Australia 5063

Telephone:+61 8 8427 0516 Facsimile:+61 8 8427 0515 info@magnetitemines.com www.magnetitemines.com ABN: 34 108 102 432

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APPENDIX 3Y – CHANGE OF DIRECTOR’S INTEREST NOTICE – GORDON TOLL

We refer to the late lodgement today of the attached Appendix 3Y – Change of Director’s Interest Notice for Mr Gordon Toll and advise the following:

• (1) The Appendix 3Y has been lodged late due to an administrative oversight;

• (2) The Company ensures it Directors are aware of the Company’s disclosure obligations under Listing Rule 3.19A, and has a signed agreement with each of its Directors, which requires Directors to notify the Company Secretary of any changes to securities they hold no later than 3 business days after the change so that the Company is able to meet its disclosure obligations under Listing Rule 3.19A; and

• (3) The Company’s current arrangements are considered adequate to ensure compliance with Listing Rule 3.19B.

Should you wish to discuss this matter further please do not hesitate to contact me.

Yours sincerely MAGNETITE MINES LIMITED

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Frank DeMarte Company Secretary

Document ID: ROYDOC-53-1546

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	MAGNETITE MINES 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.

Name of Director	Gordon L Toll
Date of last notice	2/12/2016

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 relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	9/01/2017

• See chapter 19 for defined terms.

Appendix 3Y Page 1

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Gordon L Toll Coffee House Group Limited	10,000,000 Unquoted options exercisable at 2 cents each on or before 26 November 2020. 10,000,000 Unquoted options exercisable at 2 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 1.7 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 4.4 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 3.7 cents each on or before 30 November 2021. 78,476,509 ordinary shares.
Class	Unquoted options exercisable at 4 cents each on or before 8 January 2022.
Number acquired Gordon L Toll	10,000,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	The options were issued for no consideration.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Gordon L Toll Coffee House Group Limited

10,000,000 Unquoted options exercisable at 2 cents each on or before 26 November 2020. 10,000,000 Unquoted options exercisable at 2 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 1.7 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 4.4 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 3.7 cents each on or before 30 November 2021. 10,000,000 Unquoted options exercisable at 4 cents each on or before 8 January 2017. 78,476,509 ordinary shares.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of director options for the quarter ending 31 December 2016 approved by shareholders at Annual General Meeting held on 30 November 2016.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 –[+] Closed period

art 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?	-
If prior written clearance was provided, on what date was this provided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011