MATSA RESOURCES LIMITED — Director's Dealing 2012

Nov 29, 2012

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 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	3 July 2012

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Paul Poli & Sonya Poli ATF for P Poli Superannuation Fund P Poli as trustee for P Poli Family Trust
Date of change	26 November 2012
No. of securities held prior to change	10,550,000 Fully Paid Ordinary Shares 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	Fully paid ordinary shares Unlisted options
Number acquired	50,000 Fully paid ordinary shares
Number disposed	1,000,000 Unlisted options exercisable at $0.273 each expiring 26 November 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$13,650 – Acquisition of fully paid ordinary shares $50,000 – Disposal of unlisted options exercisable at $0.273 expiring 26 November 2012
No. of securities held after change	10,600,000 Fully Paid Ordinary Shares 2,750,000 Unlisted options exercisable at $0.45 each expiring 30 November 2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market disposal and exercise of unlisted options

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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