MATSA RESOURCES LIMITED — Director's Dealing 2012

Jul 2, 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	25 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 relevant interest.	Superannuation FundP Poli as trustee for P Poli Family Trust
Date of change	1 July 2012
No. of securities held prior to change	10,550,000 Fully Paid Ordinary Shares
	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	Unlisted options
Number acquired	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	4,000,000 Unlisted options exercisable at$0.50 each expiring 1 July 2012
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	10,550,000 Fully Paid Ordinary Shares1,000,000 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	Expiry 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior written**clearance was required? **	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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