PEEL MINING LIMITED — Director's Dealing 2009

Oct 5, 2009

Appendix 3Y

Rule 3.19A.2

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	Peel Exploration Limited
ABN	42 119 343 734

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	Robert Maclaine Tyson
Date of last notice	16/04/2009

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 and Indirect
Nature of indirect interest	Direct – Robert Maclaine Tyson
(including registered holder)	Indirect – Jordan Tyson & Flynn Tyson
Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect – Tyson Titan Super Fund
Date of change	30 September and 5 October 2009
No. of securities held prior to change	Direct
	2,100,000 FPO Shares
	1,172,874QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	1,050,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.20
	2,500,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.30
	Indirect
	544,750 FPO Shares
	200,000QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	200,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
Class	Fully Paid Ordinary Shares
Number acquired	779,265
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/Consideration	$78,312.03
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Direct
	2,800,000 FPO Shares
	1,172,874QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	1,050,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.20
	2,500,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.30
	Indirect
	624,015 FPO Shares
	200,000QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	200,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
Nature of change	Participation in Entitlement Issue and on-market
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	purchase

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

+ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

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	Peel Exploration Limited
ABN	42 119 343 734

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	Simon Hadfield
Date of last notice	07/09/2007

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	Direct – Simon Hadfield
(including registered holder)	Indirect – Salamar Pty Ltd
Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	5 October 2009
No. of securities held prior to change	Direct
	1,000,000 FPO Shares
	500,000QuotedOptionsexpiring30/11/10,exercisable at $0.20
	500,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
	2,500,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.30
	Indirect
	1,100,000 FPO Shares
	672,873QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	550,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
Class	Fully Paid Ordinary Shares
Number acquired	351,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/Consideration	$35,100.00
Note: If consideration is non-cash, provide details and estimatedvaluation
No. of securities held after change	Direct
	1,167,000 FPO Shares
	500,000QuotedOptionsexpiring30/11/10,exercisable at $0.20
	500,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
	2,500,000 Unlisted Options expiring 30/11/10,
	exercisable at $0.30
	Indirect
	1,284,000 FPO Shares
	672,873QuotedOptionsexpiring30/11/10,
	exercisable at $0.20
	550,000UnlistedOptionsexpiring30/11/10,
	exercisable at $0.20
Nature of change	Participation in Entitlement Issue
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buyback

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

+ See chapter 19 for defined terms.