NEOMETALS LTD — Director's Dealing 2012

May 14, 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

15 May 2012

Company Announcements Office ASX Limited Via Electronic Lodgement

Dear Sirs

Change of Directors Interest Notices

Please find attached Appendices 3Y following the Company’s recent Entitlement Offer.

The Company notes that due to an administrative error with the processing of acceptances, Gidleigh Pty Ltd, an entity associated with Steven Cole, was issued with 37,828 shares ($7,565.60) in excess of its entitlement. After becoming aware of this error and consultation with ASX, the Company advised Gidleigh of the error, and Gidleigh promptly divested those additional shares. Gidleigh’s shareholding in the attached Appendix 3Y represents the take up of its entitlement under the Entitlement Offer.

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	David John Reed
Date of last notice	13 April 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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	10 May 2012
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	6,496,105 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
Class	Ordinary Fully Paid

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	6,300,131
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,260,026.20
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	8,905,684 Ordinary Fully Paid 1,000,000 Unlisted Options at $1.00 222,310 Ordinary Fully Paid 1,272,310 Ordinary Fully Paid 1,500,000 Unlisted Options at $0.80 15,527,034 Ordinary Fully Paid 1,050,000 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	Participation in the Company’s Entitlement Offer

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 Interest acquired

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• 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

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	Steven Cole
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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gidleigh Pty Ltd Director/Secretary Shareholder
Date of change	10 May 2012
No. of securities held prior to change	42,896 Ordinary Fully Paid 250,000 Unlisted Options at $1.20 350,000 Unlisted Options at $0.80 500,000 Unlisted Options at $1.00
Class	Ordinary Fully Paid
Number acquired	32,172
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$6,434.40

• 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 after change 75,068 Ordinary Fully Paid 250,000 Unlisted Options $1.20 350,000 Unlisted Options $0.80 500,000 Unlisted Options $1.00 Nature of change Participation in the Company’s

Example: on-market trade, off-market trade, exercise of options, Entitlement Offer. 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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Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011