PENINSULA ENERGY LIMITED — Director's Dealing 2012

May 17, 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	John Simpson
Date of last notice	18 January 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.	Geohen Investments Pty LtdInterest as Director and BeneficiaryEtchell Capital Pty LtdInterest as Director and BeneficiaryEtchell Capital Pty Ltd <Simpson SuperannuationA/C>Interest as Director and BeneficiaryEtchell Investments P/L ATFInterest as Director and Beneficiary
Date of change	17 May 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	Geohen Investments Pty Ltd- 16,216,667 Ordinary Fully Paid Shares- 579,167 Listed options exercisable at 3 cents on orbefore 30 June 2012Etchell Capital Pty Ltd <Simpson SuperannuationA/c>- 9,677,924 Ordinary Fully Paid Shares- 1,219,481 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,003,101 Listed Options exercisable at 3 cents on orbefore 31 December 2015 (PENOC)Etchell Capital Pty Ltd- 14,517,808 Ordinary Fully Paid Shares- 79,452 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,000,000 Performance Shares Class C expiring 30June 2014John Andrew Simpson- 7,000,000 Listed options exercisable at 3 centson or before 30 June 2012.
		- 1,219,481 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,003,101 Listed Options exercisable at 3 cents on orbefore 31 December 2015 (PENOC)Etchell Capital Pty Ltd- 14,517,808 Ordinary Fully Paid Shares- 79,452 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,000,000 Performance Shares Class C expiring 3June 2014
	Class	Ordinary Shares
	Number acquired	1,400,000
	Number disposed	Nil
	Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$49,353.85
	No. of securities held after change	Geohen Investments Pty Ltd- 16,216,667 Ordinary Fully Paid Shares- 579,167 Listed options exercisable at 3 cents on orbefore 30 June 2012Etchell Capital Pty Ltd <Simpson SuperannuationA/c>- 10,377,924 Ordinary Fully Paid Shares- 1,219,481 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,003,101 Listed Options exercisable at 3 cents on orbefore 31 December 2015 (PENOC)Etchell Capital Pty Ltd- 15,217,808 Ordinary Fully Paid Shares- 79,452 Listed options exercisable at 3 cents on orbefore 30 June 2012- 7,000,000 Performance Shares Class C expiring 30June 2014John Andrew Simpson- 7,000,000 Listed options exercisable at 3 centson or before 30 June 2012.
	Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	On-market trade

Part 2 – Change of director’s interests in contracts

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand 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 detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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