Metals X Limited — Director's Dealing 2014

Jan 1, 2014

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: 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	Paul Mathew Cmrlec
Date of last notice	29 November 2013

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 givingrise to the relevant interest.	Berrimil Services Pty Ltd of which Mr Cmrlec is aDirector and Beneficiary; andD Cmrlec (Spouse)
Date of change	31 December 2013
No. of securities held prior to change	Direct: 40,700 Fully Paid Ordinary SharesIndirect: 317,150 Fully Paid Ordinary Shares;660,000 Unlisted options exercisable at$0.18 each expiring 31/12/2013
Class	Unlisted options exercisable at $0.18 eachexpiring 31/12/2013
Number acquired	N/a
Number disposed	N/a
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	N/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct: 40,700 Fully Paid Ordinary Shares Indirect: 317,150 Fully Paid Ordinary Shares 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.

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 whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	N/a
Interest acquired	N/a
Interest disposed	N/a
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	N/a
Interest after change	N/a

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011