Metals X Limited — Director's Dealing 2010

Jul 29, 2010

30 July 2010

Australian Securities Exchange Limited Company Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir,

APPENDIX 3Y – CHANGE OF DIRECTORS INTEREST NOTICE – PETER COOK

The attached Appendix 3Y for Metals X Limited Director Peter Cook shows a decrease in indirect holding of 56,000 MLX shares. These shares were previously held on Trust for a family member. The shares are no longer held on trust, accordingly Mr Cook no longer has an indirect interest in the shares.

Yours sincerely

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Fiona Van Maanen COMPANY SECRETARY

Level 3 Hyatt Centre, 123 Adelaide Terrace, East Perth WA 6004 ● GPO Box 2606 Perth WA 6001 Telephone: +61 8 9220 5700 ● Facsimile: +61 8 9220 5757 ● Email: reception@metalsx.com.au ● Web: www.metalsx.com.au

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	METALS X LIMITED
ABN	25 110 150 055

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	PETER GERARD COOK
Date of last notice	19 March 2010

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	Direct & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Ajava Holdings Pty Ltd: company controlled by PG Cook; and JC Cook: Spouse
Date of change	28 July 2010
No. of securities held prior to change	Direct: 21,550,000 Fully Paid Ordinary Shares 2,000,000 Options exercisable at 46 cents expiring 30/11/2010 Indirect: 46,546,200 Fully Paid Ordinary Shares
Class	Indirect: (a) 400,000 Fully Paid Ordinary Shares (b) 56,000 Fully Paid Ordinary Shares
Number acquired	N/A
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect: (a) $58,000 (b) Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct: 21,550,000 Fully Paid Ordinary Shares 2,000,000 Options exercisable at 46 cents expiring 30/11/2010 Indirect: 46,890,200 Fully Paid 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	(a) On-market purchase (b) Loss of indirect interest in shares previously held ontrust.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002