MATSA RESOURCES LIMITED — Director's Dealing 2011

Mar 24, 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 30/9/2001.

Name	of entity	MATSA RESOURCES LIMITED
ABN	48 106	732 487

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	Paul Poli
Date of last notice	21 March 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	Indirect
Nature of indirect interest	Paul Poli & Sonya Poli ATF for P Poli
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Superannuation FundP Poli as trustee for P Poli Family Trust
Date of change	21 March 2011
No. of securities held prior to change	10,460,933 Fully Paid Ordinary Shares
	3,747,733 Unlisted options exercisable at
	$0.35 each expiring 1 July 2011
	4,000,000 Unlisted options exercisable at
	$0.50 each expiring 1 July 2012
	1,000,000 Unlisted options exercisable at
	$0.273 each expiring 26
	November 2012
	2,750,000 Unlisted options exercisable at
	$0.45 each expiring 30 November
	2013
Class	Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	89,067
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$25,935.15
No. of securities held after change	10,550,000 Fully Paid Ordinary Shares3,747,733 Unlisted options exercisable at$0.35 each expiring 1 July 20114,000,000 Unlisted options exercisable at$0.50 each expiring 1 July 20121,000,000 Unlisted options exercisable at$0.273 each expiring 26November 20122,750,000 Unlisted options exercisable at$0.45 each expiring 30 November2013
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market purchase

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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