RAMELIUS RESOURCES LIMITED — Director's Dealing 2011

Dec 6, 2011

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 Ramelius Resources Limited ABN 51 001 717 540

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	Ian James Gordon
Date of last notice	9/5/2011

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	5 December 2011
No. of securities held prior to change	(a) 174,979 Shares direct(b) 60,000 Shares indirect via Mrs BelindaGordon & Mr Ian Gordon as Trustees for theGordon Super Fund
Class	(a) Ordinary Fully Paid Shares(b) Ordinary Fully Paid Shares
Number acquired	500,000 Shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.325 per share at COB on 5/12/2011

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change (a) 674,979 Shares direct (b) 60,000 Shares indirect via Mrs Belinda Gordon & Mr Ian Gordon as Trustees for the Gordon Super Fund Nature of change Vested employee rights to shares issued

Example: on-market trade, off-market trade, exercise of options, issue of pursuant to the Ramelius Employee securities under dividend reinvestment plan, participation in buy-back Performance Rights Plan

Part 2 – Change of director’s interests in contracts - N/A -

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.

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

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

If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011