MINBOS RESOURCES LIMITED — Director's Dealing 2011

Sep 7, 2011

Perth Office South African Office Suite 2, Level 3 42 Kyalami Boulevard 1292 Hay Street Kyalami Business Park, West Perth, WA, 6005 Kyalami, Johannesburg PO Box 1974 West Perth WA 6872

T: +61 (08) 6140 2449 T: +27 11 466-8516/7 F: +61 (08) 6314 1587 F: +27 11 466-8523 E: info@minbos.com W: www.minbos.com

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8 September 2011

Attention: Elizabeth Harris Senior Adviser, Listing (Perth) ASX Compliance Pty Limited Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

Dear Elizabeth,

RE: Appendix 3Y

I would like to bring to your attention an oversight with disclosing a Directors’ trade in the securities of the Company.

Reason for Appendix 3Y being lodge late

On Friday 24 June 2011, the Director advised the Company Secretary of their trade in the Company securities. The trade however, occurred in two batches: 20,000 on Friday 24 June 2011; with the balance of 80,000 clearing on Monday 27 June 2011*. The Company Secretary only acknowledged receipt of the first trade and lodged an Appendix 3Y with the ASX on the 27/6/2011 to reflect this. However, the second trade that occurred was overlooked. The Company Secretary became aware of this discrepancy today and immediately made contact with you, as the Company’s ASX Advisor, to explain the oversight and has completed an Appendix 3Y below.

Arrangements in place with the Company’s Directors to ensure it is able to meet it disclosure obligations under Listing Rule 3.19A

Each of the Company’s Directors are aware of their obligations to inform the Company Secretary when there is a change in their notifiable interests; and in order that the Company complies with Listing Rule 3.19A and 3.19B, the Company has the following arrangements in place:

• Written agreements in place with each Director covering off on their obligation to notify the Company Secretary of trades within the Company’s securities.

• Email alerts by the Company’s Registry to alert the Company Secretary of any trades in the Company’s securities by the Directors.

Adequacy of the current arrangements in place to ensure compliance with Listing Rule 3.19B

The current arrangements are adequate and the Board has instructed the Company Secretary to ensure that they are reminded of and fully understand their disclosure obligations under ASX Listing rule 3.19A.

The Company apologises for this late lodgment.

Yours sincerely,

Tanya Woolley Company Secretary

*Appendix 3Y below provides a reconciliation under “Number of Securities held after change” so to capture all Appendices lodged since the notice lodged on 24/7/2011, prior to the 80,000 being traded. This brings the total securities held after change to the correct closing balance as at the date of this Appendix 3Y lodgment, 8 September 2011

1

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 MINBOS RESOURCES LIMITED

ABN 93 141 175 493

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 Richards
Date of last notice	27 June 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 Held in the name of Mr P & Mrs C Richards in which Mr Richards holds a beneficial (including registered holder) interest Note: Provide details of the circumstances giving rise to the relevant interest. Date of change 27/06/2011 No. of securities held prior to change 20,000 fully paid ordinary shares INDIRECT INTEREST: 200,000 fully paid ordinary shares Held in the name of Mr P & Mrs C Richards in which Mr Richards holds a beneficial interest. 1,000,000 unlisted Class “A” Director Options DIRECT INTEREST: (expiry 13/10/2013 @ 20 cent exercise price) Peter Richards 1,000,000 unlisted Class “B” Director Options (expiry 13/10/2013 @ 30 cent exercise price) 1,000,000 unlisted Class “C” Director Options (expiry 13/10/2013 @ 50 cent exercise price)

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y

Class		Fully Paid Ordinary Shares
Number acquired		80,000 Fully Paid Ordinary shares *
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$27,200 ( @ $0.34 each)
No. of securities held after change INDIRECT INTEREST: Held in the name of Mr P & Mrs C Richards S/F A/C> in which Mr Richards holds a beneficial interest. DIRECT INTEREST: Peter Richards		20,000 shares (traded 24/6/2011, lodged 27/6/2011) 80,000 shares (traded 27/6/2011, lodged 8/9/2011) * 10,000 shares (traded 9/8/2011, lodged 10/8/2011) 75,000 shares (traded 12/8/2011, lodged 15/8/2011) 50,000shares (traded 24/8/2011, lodged 24/8/2011) 235,000 fully paid ordinary shares 200,000 fully paid ordinary shares (142,500 subject to escrow) 1,000,000 unlisted Class “A” Director Options (expiry 13/10/2013 @ 20 cent exercise price) 1,000,000 unlisted Class “B” Director Options (expiry 13/10/2013 @ 30 cent exercise price) 1,000,000 unlisted Class “C” Director Options (expiry 13/10/2013 @ 50 cent exercise price)
Nature of change Example: on-market trade, off- market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Purchase of shares on market.

Part 2 – Change of director’s interests in contracts – Not Applicable

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

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y

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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
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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 to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y