PENINSULA ENERGY LIMITED — Director's Dealing 2008

Sep 25, 2008

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26 September 2008

Companies Announcement Office Via Electronic Lodgement

CORRECTION TO 2007 APPENDIX 3Y FORM

Please find attached correct Appendix 3Y forms for Mr John Simpson and Mr Warwick Grigor to amend a previous administrative error and to correctly reflect their current interests in the securities of the Company, as disclosed in the 2008 Annual Report released to the market on 23 September 2008.

Yours sincerely

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Jonathan Whyte Company Secretary

31 Ord Street, West Perth WA 6005, GPO Box 2809, West Perth WA 6872 Phone: +61 (0) 8 9420 9333 Fax: +61 (0) 8 9321 2477

Peninsula Minerals Limited - ABN: 67 062 409 303

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 Peninsula Minerals Limited ABN 67 062 409 303

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	John Simpson
Date of last notice	21 December 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Geohen Investments Pty Ltd Interest as Director and Beneficiary Etchell Capital Pty Ltd Interest as Director and Beneficiary Etchell Investments P/L ATF Interest as Director and Beneficiary
Date of change	21 December 2007 (Amendment due to clerical error to update to correct balance)
No. of securities held prior to change	Geohen Investments Pty Ltd - 13,900,000 Ordinary Fully Paid Shares Etchell Capital Pty Ltd - 3,600,000 Ordinary Fully Paid Shares Etchell Investments P/L ATF - 7,000,000 Unlisted options exercisable at 6 cents on or before 30 June 2010 - 7,000,000 Unlisted options exercisable at 10 cents on or before 30 June 2010 - 7,000,000* Unlisted options exercisable at 15 cents on or before 30 June 2010.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	Geohen Investments Pty Ltd - 13,900,000 Ordinary Fully Paid Shares Etchell Capital Pty Ltd - 3,600,000 Ordinary Fully Paid Shares Etchell Investments P/L ATF - 7,000,000 Unlisted options exercisable at 6 cents on or before 30 June 2010 - 7,000,000 Unlisted options exercisable at 10 cents on or before 30 June 2010 - 7,000,000* Unlisted options exercisable at 15 cents on or before 30 June 2010.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Correction to previous Appendix 3Y. As a result of a clerical error the holding in Etchell Capital Pty Ltd was incorrectly disclosed as 3,300,000 ordinary fully paid shares when the correct balance was 3,600,000 ordinary fully paid shares. This balance is disclosed in the 2008 Annual Report.

• One third of each class of option vests every 12 months from date of issue

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.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002

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 Peninsula Minerals Limited ABN 67 062 409 303

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	Warwick Grigor
Date of last notice	-

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Direct Interest
Date of change	3~~rd~~December 2007 (Amendment due to clerical error to update to correct balance)
No. of securities held prior to change	2,500,000 Unlisted Options exercisable at 2 cents on or before 23/02/09 - 3,000,000 Unlisted options exercisable at 6 cents on or before 30 June 2010 - 3,000,000 Unlisted options exercisable at 10 cents on or before 30 June 2010 - 3,000,000* Unlisted options exercisable at 15 cents on or before 30 June 2010.
Class	Unlisted Options
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	-2,500,000 Unlisted Options exercisable at 2 cents on or before 23/02/09 - 3,000,000 Unlisted options exercisable at 6 cents on or before 30 June 2010 - 3,000,000 Unlisted options exercisable at 10 cents on or before 30 June 2010 - 3,000,000* Unlisted options exercisable at 15 cents on or before 30 June 2010.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Amendment to correctly reflect options issued to Mr Grigor in the prior year as approved by shareholders at the 2007 Annual General Meeting of the Company and as disclosed in the 2008 Annual Report.

• One third of each class of option vests every 12 months from date of issue

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
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002