RAGNAR METALS LIMITED — Director's Dealing 2011

Jul 4, 2011

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	Brett Fraser
Date of last notice	23 March 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

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect1.Pinewood Asset Pty Ltd2.Tyler Street Holdings Pty Ltd3.Wolfstar Group Pty Ltd
Date of change	1 July 2011
No. of securities held prior to change	Direct1,000,000 Options exercisableat 34 centseach on or before 1 September 2011Indirect1.3,170,500 Ordinary Shares2.900,000 Ordinary Shares3.295,000 Ordinary Shares
Class	Options exercisable at 58.5 cents each on orbefore 30 June 2013
Number acquired	1,500,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Direct1,000,000 Options exercisable at 34 centseach on or before 1 September 20111,500,000 Options exercisable at 58.5 centseach on or before 30 June 2013Indirect1.3,170,500 Ordinary Shares2.900,000 Ordinary Shares3.295,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	As approved by Shareholders at GeneralMeeting held 1 July 2011

Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
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	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere 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.

Appendix 3Y

Rule 3.19A.2

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. Amended 01/01/11

Name of entity	Drake Resources Limited DRK
ABN	12 108 560 069

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	Robert Beeson
Date of last notice	8 January 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

Direct or indirect interest	Direct& Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	1.Beeson Family A/C2.Spouse3.Beeson Superannuation Fund
Date of change	1 July 2011
No. of securities held prior to change	Direct770,000 Ordinary Fully Paid Shares1,500,000 options exercisable at 34 centseach on or before 1 September 2011Indirect1.750,000 Ordinary Fully Paid Shares2.11,200 Ordinary Fully Paid Shares
Class	Options exercisable at 58.5 cents each onorbefore 30 June 2013
Number acquired	2,000,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Direct770,000 Ordinary Fully Paid Shares1,500,000 options exercisable at 34 centseach on or before 1 September 2011Indirect1.750,000 Ordinary Fully Paid Shares2.11,200 Ordinary Fully Paid Shares3.2,000,000 options exercisable at 58.5cents each on or before 30 June 2013
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	As approved by Shareholders at GeneralMeeting held 1 July 2011

Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	-
Interest after change	-

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere 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.

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	Jay Stephenson
Date of last notice	23 March 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

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change	Indirect1.Almamater Pty Ltd2.Wolfstar Group Pty Ltd3.Pazzia Pty Ltd4.Shares held by Spouse1 July 2011
No. of securities held prior to change	Direct10,000 Ordinary Shares1,000,000 Options exercisableat 34 centseach on or before 1 September 2011
	Indirect1.1,905,000 Ordinary Shares2.295,000 Ordinary Shares3.80,000 Ordinary Shares4.105,000 Ordinary Shares
Class	Options exercisable at 58.5 cents each on orbefore 30 June 2013
Number acquired	1,500,000

+ See chapter 19 for defined terms.

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Direct10,000 Ordinary Shares1,000,000 Options exercisableat 34 centseach on or before 1 September 2011Indirect1.1,905,000 Ordinary Shares1,500,000 Options exercisable at 58.5cents each on or before 30 June 20132.295,000 Ordinary Shares3.80,000 Ordinary Shares4.105,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	As approved by Shareholders at GeneralMeeting held 1 July 2011

Detail of contract	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
No. and class of securities to which	-
interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired	-
Interest disposed	-
Value/Consideration	-
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change	-

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere 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.

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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 Hoon
Date of last notice	4 April 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

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Mr Fong Chong Hoon & Mrs Gaik Ean Hoon
Date of change	1 July 2011
No. of securities held prior to change	Indirect260,000 Ordinary Shares
Class	Options exercisable at 58.5 cents each on orbefore 30 June 2013
Number acquired	1,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	Direct1,000,000 Options exercisable at 58.5 centseach on or before 30 June 2013Indirect260,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	As approved by Shareholders at GeneralMeeting held 1 July 2011

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	-
Nature of interest	-
Name of registered holder(if issued securities)	-
Date of change	-
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	-
Interest acquired	-
Interest disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	-
Interest after change	-

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere 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.

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	DRAKE RESOURCES LIMITED
ABN	12 108 560 069

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	James Merrillees
Date of last notice	5 July 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

Direct or indirect interest	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	JSM Resources Pty Ltd <merrillees family<br="">A/C>
Date of change	1 July 2011
No. of securities held prior to change	Direct200,000 Options exercisable at 20 centseach on or before 30 June 2011
Class	1.Fully Paid Ordinary Shares2.Options exercisable at 58.5 cents eachon or before 30 June 2013
Number acquired	1.200,0002.1,000,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1.$40,0002.Nil
No. of securities held after change	DirectNilIndirect200,000 Ordinary Shares1,000,000 Options exercisable at 58.5 centseach on or before 30 June 2013
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Exercise of Options and issue of OptionsapprovedbyShareholdersatGeneralMeeting held 1 July 2011

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	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to which	-
interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired	-
Interest disposed	-
Value/Consideration	-
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change	-

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?

+ See chapter 19 for defined terms.

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.