NEOMETALS LTD — Director's Dealing 2013

Jan 30, 2013

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.

Name of Director	Christopher John Reed
Date of last notice	2 January 2013

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
Date of change	25 January 2013

• See chapter 19 for defined terms.

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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	Nil* 477,034 Ordinary Fully Paid 332,168 Ordinary Fully Paid 400,000 Unlisted Options at $1.184 200,000 Unlisted Options at $1.184 100,000 Ordinary Fully Paid 100,000 Ordinary Fully Paid
Class	Ordinary Fully Paid
Number acquired	-
Number disposed	C. 100,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil,transfer pursuant to commercial loan arrangement.
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	Nil* 477,034 Ordinary Fully Paid 232,168 Ordinary Fully Paid 400,000 Unlisted Options at $1.184 200,000 Unlisted Options at $1.184 100,000 Ordinary Fully Paid 100,000 OrdinaryFullyPaid

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change C. Off market transfer as a result of the terms Example: on-market trade, off-market trade, exercise of options, of a loan arrangement 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.

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

Part 3 –[+] Closed period

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 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 thisprovided?	23 January 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

• 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