PENINSULA ENERGY LIMITED — Director's Dealing 2012

Jul 4, 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 30/09/01 Amended 01/01/11

Name of entity: Peninsula Energy 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	18 May 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.

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Direct or indirect interest Direct and Indirect
Nature of indirect interest Geohen Investments Pty Ltd
(including registered holder) Interest as Director and Beneficiary
Note: Provide details of the circumstances giving rise to the relevant
interest. Etchell Capital Pty Ltd
Interest as Director and Beneficiary
Etchell Capital Pty Ltd A/C>
Interest as Director and Beneficiary
Etchell Investments P/L ATF

Interest as Director and Beneficiary
Date of change 29 June 2012 to 2 July 2012
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• 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	Geohen Investments Pty Ltd - 16,216,667 Ordinary Fully Paid Shares - 579,167 Listed options exercisable at 3 cents on or before 30 June 2012 Etchell Capital Pty Ltd **A/c> - 10,377,924 Ordinary Fully Paid Shares - 1,219,481 Listed options exercisable at 3 cents on or before 30 June 2012 - 7,003,101 Listed Options exercisable at 3 cents on or before 31 December 2015 (PENOC) Etchell Capital Pty Ltd - 15,217,808 Ordinary Fully Paid Shares - 79,452 Listed options exercisable at 3 cents on or before 30 June 2012 - 7,000,000 Performance Shares Class C expiring 30 June 2014 John Andrew Simpson - 7,000,000 Listed options exercisable at 3 cents on or before 30 June 2012.
Class	Ordinary Shares
Number acquired	(i) 8,878,100 (ii) 7,000,000 (iii) Nil
Number disposed	(i) (8,878,100) PENOA (exercised) (ii) (7,000,000)Performance Shares (converted) (iii) (7,000,000)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $266,343 (ii) Nil (iii) $244,461
No. of securities held after change	Geohen Investments Pty Ltd - 16,795,834 Ordinary Fully Paid Shares Etchell Capital Pty Ltd **A/c> - 11,597,405 Ordinary Fully Paid Shares - 7,003,101 Listed Options exercisable at 3 cents on or before 31 December 2015 (PENOC) Etchell Capital Pty Ltd - 15,297,260 Ordinary Fully Paid Shares John Andrew Simpson - 7,000,000 Ordinary Fully Paid Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	(i) Exercise of PENOA options (ii) Conversion of Performance Shares Class C (iii) On Market CrossTrade

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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	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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3