NEOMETALS LTD — Director's Dealing 2011

Jul 5, 2011

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

6 July 2011

Company Announcements Office ASX Limited Via Electronic Lodgement

Dear Sirs

Change of Director’s Interest Notices

Please see the attached Appendices 3Y for three directors as a result of the recent expiry of options.

The Appendix 3Y for Christopher Reed also reflects a required movement of his shareholdings pursuant to a commercial loan and share pledge arrangement he has entered into. Mr Reed has pledged and assigned 2,300,000 of his shares in favour of the pledgee, as security for a loan facility he has obtained. 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 entered into these arrangements as part of a restructure of his personal affairs in order to refinance a loan used to exercise 1,000,000 Company options in June 2010 and a tax liability that had arisen by virtue of a grant of Company options that have expired unexercised.

Yours faithfully

Darren Wates 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..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 30 May 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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	A. Christopher John Reed C. Nickel Investments Pty Ltd Sole Director/Secretary Beneficiary of Trust E. MF Royalty Pty Ltd Sole Director/Secretary Shareholder
Date of change	A. 5 July 2011 C. 30 June 2011 E. 30 June 2011

• See chapter 19 for defined terms.

6 July 2011

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. MF Royalty Pty Ltd F. Western Mining Corporation Pty Limited	2,400,000 Ordinary Fully Paid 447,034 Ordinary Fully Paid 62,168 Ordinary Fully Paid 500,000 Unlisted Options at $0.75 800,000 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 $0.80 500,000 Unlisted Options at $0.75 1,000,000 Unlisted Options at $0.80
Class	A. Ordinary Fully Paid C. Unlisted Options at $0.75 E. Unlisted Options at $0.75
Number acquired	-
Number disposed A. Christopher John Reed C. Nickel Investments Pty Ltd E. MF Royalty Pty Ltd	2,300,000* 500,000 Unlisted Options at $0.75 500,000 Unlisted Options at $0.75
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A. Nil, transfer pursuant to share pledge arrangement* C. Nil, expiry of unlisted options E. Nil,expiryof unlisted options

• See chapter 19 for defined terms.

6 July 2011

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. MF Royalty Pty Ltd F. Western Mining Corporation Pty Limited	100,000 Ordinary Fully Paid* 447,034 Ordinary Fully Paid 62,168 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 Nil 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	A. Off market transfer as a result of the terms of a share pledge arrangement C. Expiry of unlisted options E. Expiryof unlisted options

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.

6 July 2011

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

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?	Yes, written clearance was provided in accordance with Company’s securities trading policy.
If prior written clearance was provided, on what date was this provided?	30 June 2011

• Mr Reed has entered into a commercial loan and share pledge arrangement, under which he has 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.

• See chapter 19 for defined terms.

6 July 2011

Appendix 3Y Page 4

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	Peter Lionel Fleury Collins
Date of last notice	6 December 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	-
Date of change	30 June 2011
No. of securities held prior to change Peter Lionel Fleury Collins Pamela Maree Collins	285,705 Fully Paid Ordinary Shares 500,000 Unlisted Options – $0.75 125,000 Unlisted Options - $0.80 250,000 Unlisted Options - $1.00 200,000 Unlisted Options - $1.20 125,000 Unlisted Options - $0.80
Class	Unlisted Options at $0.75
Number acquired	-
Number disposed	500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, expiry of unlisted options

6 July 2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Peter Lionel Fleury Collins 285,705 Fully Paid Ordinary Shares 125,000 Unlisted Options - $0.80 250,000 Unlisted Options - $1.00 Pamela Maree Collins 200,000 Unlisted Options - $1.20 125,000 Unlisted Options - $0.80 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.

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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
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6 July 2011

Appendix 3Y Page 2

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	Ian Courtney Junk
Date of last notice	6 December 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	B. Aurora Prospects Pty Ltd Director/Shareholder
Date of change	30 June 2011
No. of securities held before change A. Ian Courtney Junk B. Aurora Prospects Pty Ltd C. Aurora Prospects Pty Ltd	277,034 Ordinary Fully Paid 227,034 Ordinary Fully Paid 500,000 Unlisted Options at $0.75 200,000 Unlisted Options at $1.20 250,000 Unlisted Options at $0.80 250,000 Unlisted Options at $1.00 277,034 Ordinary Fully Paid
Class	Unlisted Options at $0.75
Number acquired	-
Number disposed	500,000

• See chapter 19 for defined terms.

6 July 2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, expiry of unlisted options
No. of securities held after change A. Ian Courtney Junk B. Aurora Prospects Pty Ltd C. Aurora Prospects Pty Ltd	277,034 Ordinary Fully Paid 227,034 Ordinary Fully Paid 200,000 Unlisted Options at $1.20 250,000 Unlisted Options at $0.80 250,000 Unlisted Options at $1.00 277,034 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	Expiry of unlisted options

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.

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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
----- End of picture text -----

• See chapter 19 for defined terms.

6 July 2011

Appendix 3Y Page 2