NEOMETALS LTD — Director's Dealing 2010

Nov 21, 2010

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97 Outram St West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

22 November 2010

Company Announcements Office Australian Securities Exchange Via Electronic Lodgement

Dear Sirs,

CHANGE OF DIRECTOR’S INTEREST

Please find attached an Appendix 3Y Notice for off‐market transfer by David Reed.

Yours faithfully,

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Jason Carone COMPANY SECRETARY

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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 Reed Resources Ltd ABN 89 099 116 631

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	David John Reed
Date of last notice	25 October 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.	E. Coal Holdings Pty Ltd Director/Secretary
Date of change	22 November 2010
No. of securities held before change A. David John Reed B. Judith Mary Reed C. Trucking Nominees Pty Ltd D.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund E. Coal Holdings Pty Ltd	8,219,149 Ordinary Fully Paid 127,034 Ordinary Fully Paid 727,034 Ordinary Fully Paid 1,500,000 Unlisted Options at $0.80 12,277,034 Ordinary Fully Paid 400,000 Ordinary Fully Paid
Class	Ordinary Full Paid

25 May 2010

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired E. Coal Holdings Pty Ltd	200,000
Number disposed A. David John Reed	200,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$100,000
No. of securities held after change A. David John Reed B. Judith Mary Reed C. Trucking Nominees Pty Ltd D.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund E. Coal Holdings Pty Ltd	8,019,149 Ordinary Fully Paid 127,034 Ordinary Fully Paid 727,034 Ordinary Fully Paid 1,500,000 Unlisted Options at $0.80 12,277,034 Ordinary Fully Paid 600,000 Ordinary Fully Paid
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market trade

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 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

25 May 2010

Appendix 3Y Page 2