NEOMETALS LTD — Director's Dealing 2011

Dec 22, 2011

23 December 2011

Company Announcements Office ASX Limited Via Electronic Lodgement

Dear Sirs

Change of Director’s Interest Notices

Please see attached Appendices 3Y for David Reed and Christopher Reed. The notices reflect a transfer of shares from David Reed to Christopher Reed, and a movement of those shares by Christopher Reed pursuant to a commercial loan and share pledge arrangement he has entered into, as was announced to ASX on 6 July 2011.

Yours faithfully

Darren Wates COMPANY SECRETARY

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 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 5 April 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 December 2011
No. of securities held prior to change David John Reed Judith Mary Reed Trucking Nominees Pty Ltd Trucking Nominees Pty Ltd ATF D.J. Reed Superannuation Fund Coal Holdings Pty Ltd	8,045,011 Ordinary Fully Paid 1,000,000 Unlisted Options at $1.00 127,034 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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Fully Paid
Number acquired	-
Number disposed	436,796
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$135,407
No. of securities held after change David John Reed Judith Mary Reed Trucking Nominees Pty Ltd Trucking Nominees Pty Ltd ATF D.J. Reed Superannuation Fund Coal Holdings Pty Ltd	7,608,215 Ordinary Fully Paid 1,000,000 Unlisted Options at $1.00 127,034 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 Transfer

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 Note: Details are only required for a contract in relation to which the interest has changed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	Yes
If so, was prior written clearance provided to allow the trade to proceed during this period?	15 December 2011
If prior written clearance was provided, on what date was this provided?	15 December 2011

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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..Amended 01/01/11

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	Christopher John Reed
Date of last notice	4 November 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 – 23 December 2011

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held before change A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Western Mining Corporation Pty Limited	100,000 Ordinary Fully Paid* 447,034 Ordinary Fully Paid 32,168 Ordinary Fully Paid 800,000 Unlisted Options at $0.85 400,000 Unlisted Options at $1.20 1,500,000 Unlisted Options at $0.80 2,000,000 Unlisted Options at $1.00 200,000 Unlisted Options at $0.85 200,000 Unlisted Options at $1.20 500,000 Unlisted Options at $0.80 1,000,000 Unlisted Options at $0.80
Class	Ordinary Fully Paid
Number acquired A. Christopher John Reed	436,796
Number disposed A. Christopher John Reed	436,796
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$135,407 Nil – transfer pursuant to share pledge arrangement*

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Western Mining Corporation Pty Limited	100,000 Ordinary Fully Paid* 477,034 Ordinary Fully Paid 32,168 Ordinary Fully Paid 800,000 Unlisted Options at $0.85 400,000 Unlisted Options at $1.20 1,500,000 Unlisted Options at $0.80 2,000,000 Unlisted Options at $1.00 200,000 Unlisted Options at $0.85 200,000 Unlisted Options at $1.20 500,000 Unlisted Options at $0.80 1,000,000 Unlisted Options at $0.80
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 acquisition of shares and subsequent transfer of these shares pursuant to the terms of a share pledge arrangement*

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 Note: Details are only required for a contract in relation to which the interest has changed

• See chapter 19 for defined terms.

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Yes above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the Yes. trade to proceed during this period? If prior written clearance was provided, on what date 15 December 2011 was this provided?

• As announced on 6 July 2011, Mr Reed has entered into a commercial loan and share pledge arrangement, under which he pledged and assigned 2,300,000 of his shares in favour of the pledgee, as security for the loan facility. The term of the loan is 3 years. After the loan is discharged the pledgee is to release its interest in and return the pledged shares. Mr Reed has now acquired 436,796 shares and pledged and assigned these additional shares in favour of the pledgee, as security for the loan facility.

• See chapter 19 for defined terms.

Appendix 3Y Page 4