MATSA RESOURCES LIMITED — Director's Dealing 2012

Jul 1, 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 30/9/2001.

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	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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Paul Poli & Sonya Poli ATF for P PoliSuperannuation 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 Shares4,000,000 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
Class	Unlisted options
Number acquired	Nil
Number disposed	4,000,000 Unlisted options exercisable at$0.50each expiring1July2012

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after 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
Nature of change	Expiry of unlisted options
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

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.

==> picture [433 x 287] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002