MINERAL COMMODITIES LTD — Director's Dealing 2010

May 18, 2010

Appendix 3Y Change of Director’s Interest Notice

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 MINERAL COMMODITIES LTD ABN 39 008 478 653

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	MARK VICTOR CARUSO
Date of last notice	13 April 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

Direct or indirect interest	Indirect interest in shares
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Caruso is a director of Zurich Bay Holdings Pty Ltd and has a relevant interest in that company’s issued capital. Zurich Bay Holdings Pty Ltd holds shares in Mineral Commodities Limited.
Date of change	14 May 2010
No. of securities held prior to change	20,063,615 Ordinary Shares 7,380,396 Listed Options exercisable at $0.20 on or before 31 December 2012
Class	Ordinary Shares
Number acquired	70,900
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.0379

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 20,134,515 Ordinary Shares 7,380,396 Listed Options exercisable at $0.20 on or before 31 December 2012 Nature of change

Example: on-market trade, off-market trade, exercise of options, On-Market Trade issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Detail of contract 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001

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 MINERAL COMMODITIES LTD

ABN 39 008 478 653

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	JOSEPH A CARUSO
Date of last notice	13 April 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

Direct or indirect interest	Indirect interest in shares
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Caruso is a director of Zurich Bay Holdings Pty Ltd and has a relevant interest in that company’s issued capital. Zurich Bay Holdings Pty Ltd holds shares in Mineral Commodities Limited.
Date of change	14 May 2010
No. of securities held prior to change	20,050,988 Ordinary Shares 7,380,396 Listed Options exercisable at $0.20 on or before 31 December 2012
Class	Ordinary Shares
Number acquired	70,900
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.0379

• See chapter 19 for defined terms.

Appendix 3Y Page 3

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	20,121,888 Ordinary Shares 7,380,396 Listed Options exercisable at $0.20 on or before 31 December 2012
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On Market Trade

Part 2 – Change of director’s interests in contracts

Detail of contract 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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

30/9/2001