NEX METALS EXPLORATION LIMITED — Director's Dealing 2011

May 25, 2011

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.

Name of entity Nex Metals Explorations Ltd ABN 63 124 706 449

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	Kenneth Malcolme Allen
Date of last notice	21/01/2010

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	Direct or indirect interest	Direct or indirect interest		Direct and Indirect	Direct and Indirect	Direct and Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstinterest.	ances giving rise to	the relevant		KM & LK Allen trusAllen Self Managed	tee forSuper Fund
	Date of change				19 May 2011
	No. of securities held prior to	change			Direct6500001 ordinar s	ares
					,, y500,000 Opt Ex @ $ 250,000 Opt Ex @ $ 250,000 Opt Ex @ $	0.25 by 30/10.40 by 30/10.50 by 30/1	1/121/121/12
					500,000 Opt Ex @ $0.60 by 30/11/12500,000 Opt Ex @ $0.75 by 30/11/121,000,000 Opt Ex @ $1.00 by 30/11/122,850,000 Opt Ex @ $0.25 by 30/11/11Indirect530,000 ordinary shares
	Class				Ordinary

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number acquired		120,000
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation		$15,000
No. of securities held after change		Direct6,620,001 ordinary shares5,850,000 optionsIndirect530,000 ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Share purchase plan acquisition

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	Detail of contract	Detail of contract	No Change	No Change
Nature of interest
Name of registered holder(if issued securities)
Date of change
NiNth	o. and classnterest related prote: Details are only reque interest has chaned	of securities to whichior to changeired for a contract in relation to which
	g
I	nterest acquired
I	nterest disposed
VNv	alue/Consideratiote: If consideration is noaluation	onn-cash, provide details and an estimated
I	nterest after chan	ge

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002