Metals X Limited — Director's Dealing 2012

Oct 24, 2012

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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.

METALS X LIMITED

ABN 25 110 150 055

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Scott James Huffadine
Date of appointment	25 October 2012

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

1,000,000 unlisted options exercisable at $0.14 each expiring on 30/11/2012

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest The Huffadine Family Trust Account the\ Huffadine\ Family\ Trust> of which Mr Huffadine is a beneficiary. P. Shearing (spouse)	Number & class of Securities 216,700 ordinary fully paid shares; 660,000 unlisted options exercisable at $0.18 each expiring on 31/12/2013; and 2,200,000 unlisted options exercisable at $0.26 each expiring on 15/08/2014. 110,000ordinaryfully paid shares.

Part 3 – 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
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002