PENINSULA ENERGY LIMITED — Director's Dealing 2012

Jan 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 30/9/2001.

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	Malcolm James
Date of last notice	15 October 2010

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 relevant interest.	Jennie Colleen James Interest as a spouse Terasse (WA) Pty Ltd Interest as a Potential Beneficiary
Date of change	4 January 2012
No. of securities held prior to change	Jennie Colleen James - 6,193,000 Ordinary Fully Paid Shares - 1,548,250 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC) Terasse (WA) Pty Ltd – 8,250,000 Ordinary Fully Paid Shares - 1,312,500 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC) Malcolm James - 3,000,000 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOA) Mr MR and Mrs JC James - 1,642,857 Ordinary Fully Paid Shares - 410,714 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOA) - 410,714 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary Shares
Number acquired	1,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$38,041.80
No. of securities held after change	Jennie Colleen James - 6,193,000 Ordinary Fully Paid Shares - 1,548,250 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC) Terasse (WA) Pty Ltd – 8,250,000 Ordinary Fully Paid Shares - 1,312,500 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC) Malcolm James - 3,000,000 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOA) Mr MR and Mrs JC James - 2,642,857 Ordinary Fully Paid Shares - 410,714 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOA) - 410,714 Listed options exercisable at 3 cents on or before 30 June 2012 (PENOC)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 3

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