NEW AGE EXPLORATION LIMITED — Director's Dealing 2012

Oct 24, 2012

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24[th] October 2012

ASX : NAE

ASX ANNOUNCEMENT

Resignation of Non-Executive Chairman and Director

New Age Exploration Limited (“NAE” or “the Company”) wishes to advise that it has today accepted the resignation of Mr Edwin Stoyle as Non-Executive Chairman and Director, effective immediately.

Mr Stoyle, 71, joined the Board in 2005 and has made a valuable contribution to the Company during this time. The Board would like to thank Mr Stoyle for his contribution to the Board and wishes him well for his future endeavours.

An Appendix 3Z – Final Director Interest Notice is attached.

The Company will commence a process to recruit a replacement independent Non-Executive Chairman and Director.

ENDS

For further information please contact:

Victoria Thomas Six Degrees Investor Relations E: Victoria.thomas@sdir.com.au Ph: +61 3 9645 7567

Gary Fietz Managing Director E: info@nae.net.au Ph: +61 3 9620 9931

Level 17, 500 Collins Street, Melbourne, VIC, 3000 ACN 004 749 508 www.nae.net.au Page 1 of 1

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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: New Age Exploration Ltd

ABN: 65 004 749 508

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Mr Edwin Stoyle
Date of last notice	6/5/10
Date that director ceased to be director	24 October 2012

Part 1 – Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

4,645,000 ordinary shares 750,000 unlisted options

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Number & class of securities Note: Provide details of the circumstances giving rise to the relevant interest

Part 3 – Director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002