NEURIZER LTD — Director's Dealing 2011

Mar 28, 2011

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29 March 2011

Manager Companies

Companies Announcements Office Australian Securities Exchange Ltd

E-Lodgement via ASX On-Line

Dear Sir/Madam

Marathon Resources Ltd –ASX code MTN

I attach Appendices 3Y relating to take up by Directors of entitlements under the Company’s recent non renounceable Rights Issue.

Yours sincerely

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SM Appleyard 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 30/9/2001. Amended 01/01/11

Name	of	entity	MARATHON RESOURCES LTD
ABN	31	107 531	822

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 LEONARD WILLIAMS
Date of Last Notice	16 November 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 circumstancesgivingrise to the relevant interest.	Section 608 Corporations Act Interest as previously advised.
Date of change	24/03/2011
No. of securities held prior to change	817,600 Ordinary Shares 250,000 Options to acquire ordinary shares - exercise price of $1.10 - expiry date 28/12/2012 2,000,000 Options to acquire ordinary shares in 3 Tranches Number Exercise price First Exercise Date Expiry Date 500,000 $0.876 01/11/2012 01/11/2013 750,000 $1.25 01/11/2013 01/11/2014 750,000 $1.75 01/11/2014 01/11/2015
Class	Ordinary Shares/Unlisted options
Number acquired	81,760 Ordinary Shares
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.50 per share pursuant to the Company s 1 for 10 non renounceable rights issue (NRRI).

• See chapter 19 for defined terms. 01/01/11

Appendix 3Y Page 1

G:\Marathon\Rights Issues Feb 2011\Change of Directors InterestPWilliams post NRRI Feb 11.doc

Appendix 3Y Change of Director s Interest Notice

No. of securities held after change	899,360 Ordinary Shares 250,000 Options to acquire ordinary shares - exercise price of $1.10 - expiry date 28/12/2012 2,000,000 Options to acquire ordinary shares in 3 Tranches Number Exercise price First Exercise Date Expiry Date 500,000 $0.876 01/11/2012 01/11/2013 750,000 $1.25 01/11/2013 01/11/2014 750,000 $1.75 01/11/2014 01/11/2015
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Take up of entitlement under the Company s NRRI.

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	N/A
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

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No exemption under company trading policy for rights issue
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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. Amended 01/01/11

Name	of	entity	MARATHON RESOURCES LTD
ABN	31	107 531	822

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 CLELAND SCHACHT
Date of last notice	15 December 2009

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	24/03/2011
No. of securities held prior to change	55,500 Ordinary Shares 250,000 Options to acquire ordinary shares - exerciseprice of$1.10 - expirydate 28/12/2012
Class	Ordinary Shares/Unlisted options
Number acquired	5,550 ordinary shares
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.50 per share pursuant to the Company s 1 for 10 non renounceable rights issue (NRRI).
No. of securities held after change	61,050 Ordinary Shares 250,000 Options to acquire ordinary shares - exercise price of $1.10 - expiry date 28/12/2012
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Take up of entitlement under the Company s NRRI.

• See chapter 19 for defined terms. 01/01/11

Appendix 3Y Page 1

G:\Marathon\Rights Issues Feb 2011\Change of Directors Interest C Schacht post NRRI Feb 11.doc

Appendix 3Y Change of Director s Interest Notice

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	N/A
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

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No exemption under company trading policy for rights issue.
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2