PENINSULA ENERGY LIMITED — Director's Dealing 2012

Jan 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 30/9/2001.

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	27 September 2011

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 Superannuation A/C>Interest as Director and BeneficiaryEtchell Investments P/L ATFInterest as Director and Beneficiary
Date of change	17 January 2012

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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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 Superannuation A/c>- 8,477,924 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- 13,317,808 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 30 June2014John Andrew Simpson- 7,000,000 Listed options exercisable at 3 centson or before 30 June 2012.
Class	Ordinary Fully Paid Shares
Number acquired	2,400,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$103,849.75

• See chapter 19 for defined terms. Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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 Superannuation A/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 30 June2014John 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 ofsecurities under dividend reinvestmentplan, participation in buy-back

On-Market Trade

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms. Appendix 3Y Page 4

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