NORTHERN MINERALS LIMITED — Director's Dealing 2010

Sep 20, 2010

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 Northern Uranium Limited ABN 61 119 966 353

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	Adrian Christopher Griffin
Date of last notice	18 June 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 and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Adrian Christopher Griffin & Josephine Dawn Norman atf Global Super Fund
Date of change	16 September 2010
No. of securities held prior to change	Adrian Griffin 1,254,126 ordinary shares (NTU) 200,000 ordinary shares subject to terms and conditions of the Northern Uranium Share Plan (NTUAI) 350,500 options exercisable at $0.20 expiry 30/09/2012 (NTUOA) 818,182 options exercisable at $0.15 expiry 31/03/2012 (NTUOB) 500,000 options exercisable at $0.108 expiry 1/03/2013

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Adrian Christopher Griffin & Josephine Dawn Norman atf Global Super Fund 414,556 ordinary shares (NTU)
Class	a) Ordinary shares (NTU) b) Options exercisable at $0.20 expiry 30 September 2012 (NTUOA) c) Options exercisable at $0.15 expiry 31 March 2012(NTUOB) d) Unlisted options exercisable at $0.108 expiry 1 March 2013
Number acquired	818,182 Ordinary shares (NTU) issued on conversion of NTUOB
Number disposed	818,182 options exercised (NTUOB)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Options exercised at 15 cents
No. of securities held after change	Adrian Griffin 2,072,308 ordinary shares (NTU) 200,000 ordinary shares subject to terms and conditions of the Northern Uranium Share Plan (NTUAI) 350,500 options exercisable at $0.20 expiry 30/09/2012 (NTUOA) 500,000 options exercisable at $0.108 expiry 1/03/2013 Adrian Christopher Griffin & Josephine Dawn Norman atf Global Super Fund 414,556 ordinary shares (NTU)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options NTUOB

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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	Nil
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

• See chapter 19 for defined terms.

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 30/9/2001.

Name of entity Northern Uranium Limited ABN 61 119 966 353

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	Colin James McCavana
Date of last notice	18 June 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 circumstances giving rise to the relevant interest.	Indirect interest held by Bell Bay Investments Pty Ltd of which Mr McCavana is a director and shareholder. Indirect interest held by Colin McCavana Super Fund of which Mr McCavana is a trustee and beneficiary.
Date of change	16 September 2010
No. of securities held prior to change	Bell Bay Investments Pty Ltd – 425,000 ordinary shares (NTU) 50,000 options (NTUOA) exercisable at $0.20 expiring 30/09/2012 200,000 ordinary shares subject to terms and conditions of the Northern Uranium Share Plan (NTUAI) Colin McCavana Super Fund – 906,250 ordinary shares (NTU) 93,750 options exercisable at $0.20 expiry 30/09/2012 (NTUOA) 437,500 options exercisable at $0.15 expiry 31/03/2012 (NTUOB) 500,000 options exercisable at $0.108 expiry

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

	1/03/2013
Class	a) Ordinary shares (NTU) b) Options exercisable at $0.20 expiry 30 September 2012 (NTUOA) c) Options exercisable at $0.15 expiry 31 March 2012(NTUOB) d) Unlisted options exercisable at $0.108 expiry 1 March 2013
Number acquired	437,500 Ordinary shares (NTU) issued on conversion of NTUOB
Number disposed	437,500 options exercised (NTUOB)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Options exercised at 15 cents
No. of securities held after change	Bell Bay Investments Pty Ltd – 425,000 ordinary shares (NTU) 50,000 options (NTUOA) exercisable at $0.20 expiring 30/09/2012 200,000 ordinary shares subject to terms and conditions of the Northern Uranium Share Plan (NTUAI) Colin McCavana Super Fund – 1,343,750 ordinary shares (NTU) 93,750 options exercisable at $0.20 expiry 30/09/2012 (NTUOA) 500,000 options exercisable at $0.108 expiry 1/03/2013
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options NTUOB

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	Nil
Nature of interest
Name of registered holder (if issued securities)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002