QPM ENERGY LIMITED — Director's Dealing 2012

May 15, 2012

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 EAGLE NICKEL LIMITED

ABN 61 125 368 658

We (the entity) give ASX the following information under listing ru le 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	XUEFENG MEI
Date of appointment	10 MAY 2012

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

NONE

• See chapter 19 for defined terms.

11/3/2002 AUSTRALIA\MRW\LDB\02-2038-2886\220456702.03

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of thecircumstances giving rise to therelevant interest.DARSHING INTERNATIONALHOLDINGS LIMITED IS THELEGAL AND BENEFICIALHOLDER OF THE INTERESTS.XUEFENG MEI IS TAKENUNDER SECTION 608(3)(A) OFTHE CORPORATIONS ACT 2001(CTH) TO HAVE A RELEVANTINTEREST BY XUEFENG MEIHAVING VOTING POWERABOVE 20% IN DARSHINGINTERNATIONAL HOLDINGSLIMITED.	Number & class of Securities- 61,942,657 FULLY PAID ORDINARYSHARES- 43,219,196 QUOTED OPTIONSEXERCISABLE AT $0.30 EACH EXPIRING 1JULY 2012- 10,723,584 QUOTED OPTIONSEXERCISABLE AT $0.20 EACH EXPIRING 31December 2015- 7,285,714 UNQUOTED OPTIONSEXERCISABLE AT $0.20 EACH EXPIRING 1MAY 2016- 9,367,347 UNQUOTED OPTIONSEXERCISABLE AT $0.03 EACH EXPIRING 30JANUARY 2015

Part 3 – 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	NONE
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities towhich interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002