NEOMETALS LTD — Director's Dealing 2012

Jul 29, 2012

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Level 1, 672 Murray St West Perth WA 6005

Locked Bag 8 West Perth WA 6872 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

30 July 2012

Company Announcements Office ASX Limited Via Electronic Lodgement

Dear Sirs

Change of Director’s Interest Notices

Please see the attached Appendices 3Y for Luke Tonkin and Chris Reed as a result of the issue of shares and grant of performance rights pursuant to their employment agreements following shareholder approval on 12 July 2012.

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 30/09/01 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	Luke Tonkin
Date of last notice	15 May 2012

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.	Cynthton Pty Ltd Shareholder Beneficiaryof Trust
Date of change	30 July 2012
No. of securities held prior to change	Nil
Class	Ordinary Fully Paid
Number acquired	833,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil cash consideration. Shares issued pursuant to terms of employment agreement following shareholder approval.
No. of securities held after change	833,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of shares pursuant to terms of employment agreement.

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	Rights granted pursuant to Reed Resources Ltd Performance Rights Plan Rules
Nature of interest	Rights granted pursuant to Reed Resources Ltd Performance Rights Plan Rules. If Rights vest, the Director is entitled to be allocated one ordinary fully paid share for each Right.
Name of registered holder (if issued securities)	N/A
Date of change	30 July 2012
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	833,000 Rights vesting on 30 June 2013 834,000 Rights vesting on 30 June 2014 2,580,390 Rights which may vest on 30 June 2013 or 31 December 2013 on the satisfaction of certain performance conditions, based on the Company’s performance relative to comparator companies, as summarised in the notice for the Extraordinary General Meetingheld on 12July2012.
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil cash consideration. Rights issued pursuant to terms of employment agreement following shareholder approval.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change	833,000 Rights vesting on 30 June 2013 834,000 Rights vesting on 30 June 2014 2,580,390 Rights which may vest on 30 June 2013 or 31 December 2013 on the satisfaction of certain performance conditions, based on the Company’s performance relative to comparator companies, as summarised in the notice of meeting for the EGM held on 12July2012.

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
If prior written clearance was provided, on what date was this provided?	30 July 2012

• 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 30/09/01 Amended 01/01/11

Name of entity	Reed Resources Ltd (‘Company’)
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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Christopher John Reed
Date of last notice	2 July 2012

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.	C. Nickel Investments Pty Ltd Sole Director/Secretary Beneficiary of Trust E. Louron Exploration Pty Ltd Director/Secretary/Shareholder Beneficiary of Trust F. Sonia Jean Reed Spouse
Date of change	30 July 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Louron Exploration Pty Ltd F. Sonia Jean Reed	100,000 Ordinary Fully Paid* 477,034 Ordinary Fully Paid 32,168 Ordinary Fully Paid 800,000 Unlisted Options at $0.834 400,000 Unlisted Options at $1.184 200,000 Unlisted Options at $0.834 200,000 Unlisted Options at $1.184 Nil Nil
Class	Ordinary Fully Paid
Number acquired	C. 300,000 E. 100,000 F. 100,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil cash consideration. Shares issued pursuant to terms of employment agreement following shareholder approval.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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. Louron Exploration Pty Ltd F. SoniaJean Reed	100,000 Ordinary Fully Paid* 477,034 Ordinary Fully Paid 332,168 Ordinary Fully Paid 800,000 Unlisted Options at $0.834 400,000 Unlisted Options at $1.184 200,000 Unlisted Options at $0.834 200,000 Unlisted Options at $1.184 100,000 Ordinary Fully Paid 100,000 OrdinaryFullyPaid
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of shares pursuant to terms of employment agreement.

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	Rights granted pursuant to Reed Resources Ltd Performance Rights Plan Rules
Nature of interest	Rights granted pursuant to Reed Resources Ltd Performance Rights Plan Rules. If Rights vest, the Director is entitled to be allocated one ordinary fully paid share for each Right.
Name of registered holder (if issued securities)	N/A
Date of change	30 July 2012
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.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	1,000,000 Rights vesting on 30 June 2013 1,154,184 Rights which may vest on 30 June 2013 or 31 December 2013 on the satisfaction of certain performance conditions, based on the Company’s performance relative to comparator companies, as summarised in the notice for the Extraordinary General Meetingheld on 12July2012.
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil cash consideration. Rights issued pursuant to terms of employment agreement following shareholder approval.
Interest after change	1,000,000 Rights vesting on 30 June 2013 1,154,184 Rights which may vest on 30 June 2013 or 31 December 2013 on the satisfaction of certain performance conditions, based on the Company’s performance relative to comparator companies, as summarised in the notice for the Extraordinary General Meetingheld on 12July2012.

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period whereprior written clearance was required?	Yes
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	Yes
If prior written clearance was provided, on what date was thisprovided?	30 July 2012

• As announced on 6 July 2011, 23 December 2011 and 13 April 2012, Mr Reed has entered into a commercial loan and share pledge arrangement, under which he has pledged and assigned 3,398,906 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.

Appendix 3Y Page 4

01/01/2011