ORBMINCO LIMITED — Director's Dealing 2012

Oct 8, 2012

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: Australian-American Mining Corporation Limited

ABN: 99 073 155 781

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	Mark Ceglinski
Date of last notice	6 June 2012

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 relevantinterest.	Bluerise Holdings Pty Ltd <The BlueriseAccount>. Mark Ceglinski is a Director ofBluerise Holdings Pty LtdSunboat Investments Pty Ltd <Sunboat SuperFund A/C>. Mark Ceglinski is a Director ofSunboat Investments Pty Ltd.
Date of change	5 October 2012

• 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		Direct190,000 options exercisable at $0.50 andexpiring 31 December 2012.IndirectBluerise Holdings Pty Ltd <The BlueriseAccount>,2,000,000 fully paid ordinary shares;800,000 options exercisable at $0.50 andexpiring 31 December 2012.13,000,000 performance rightsSunboat Investments Pty Ltd <Sunboat SuperFund A/C>,300,000 fully paid ordinary shares;732,000 options exercisable at $0.50 andexpiring 31 December 2012.
Class		Fully paid ordinary sharesPerformance rights
Number acquired		Indirect- Ordinary shares- 6,000,000
Number disposed		Indirect: 5,000,000 performance rights
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation		Indirect: Bluerise Holdings Pty Ltd <TheBluerise Account>Ordinary shares- Increase in shares as aresult of the taking up the Share PurchasePlan allocation of $15,000Ordinary shares- issued for nil considerationupon conversion of performance rightsPerformance rights- nilSunboat Investments Pty Ltd <Sunboat SuperFund A/C>,Ordinary shares- Increase in shares as aresult of the taking up the Share PurchasePlan allocation of $15,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		IndirectBluerise Holdings Pty Ltd <The BlueriseAccount>7,500,000 fully paid ordinary shares;800,000 options exercisable at $0.50 andexpiring 31 December 2012.8,000,000 performance rightsSunboat Investments Pty Ltd <Sunboat SuperFund A/C>,800,000 fully paid ordinary shares;732,000 options exercisable at $0.50 andexpiring 31 December 2012.Direct190,000 options exercisable at $0.50 andexpiring 31 December 2012.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Indirect: Increase in shares as a result of thetaking up the Share Purchase Plan allocationof $15,000.Shares- conversion of performance rightsinto ordinary shares following secondperformance hurdle being met.Performance rights- Decrease of 5,000,000performance rights approved by shareholderson 28 May 2012 upon them converting intoordinarysharesfollowingthesecondperformance hurdle beingmet.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to N/A which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A

Part 3 – Closed Period

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

• See chapter 19 for defined terms.

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