PRAIRIE LITHIUM LIMITED — Director's Dealing 2013

Jul 28, 2013

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 : ZYL Limited ABN: 15 008 720 223

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	Phillipe Lalieu
Date of last notice	11 November 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	Potential indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	As shown below
Date of change	24 July 2013
No. of securities held prior to change	Selentium Capital SARL (Selentium)20,000,000 Options exercisable at $0.20 on or before18 April 2015**Phillipe Lalieu has no relevant interest in the securitiesheld by Selentium. However Mr Lalieu may have apotential indirect beneficial interest in Selentium. TheSelentium security holding is only included in thisnotice for good corporate governance purposes.
Class	Fully Paid Ordinary SharesOptions exercisable at $0.20 on orbefore 24 July 2016
Number acquired	39,779,6617,500,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Selentium Capital SARL39,779,661 Fully Paid Ordinary Shares20,000,000 Options exercisable at $0.20 on or before18 April 20157,500,000 Options exercisable at $0.20 on orbefore 24 July 2016**Phillipe Lalieu has no relevant interest in the securitiesheld by Selentium. However Mr Lalieu may have apotential indirect beneficial interest in Selentium. TheSelentium security holding is only included in thisnotice for good corporate governance purposes.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of securities pursuant to shareholder approvalgranted on 24 June 2013

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 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

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities or contracts detailed	N/A
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
**to proceed during this period? **
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3