RAMELIUS RESOURCES LIMITED — Director's Dealing 2011

May 8, 2011

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 30/09/01 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	15/04/2011

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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect interest via Mrs Belinda Gordon &Mr Ian Gordon as Trustees for the GordonSuper Fund
Date of change	3 & 6 May 2011
No. of securities held prior to change	(a) 314,979 Shares direct(b) 50,000 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	170,000 Shares
Number disposed	300,000 Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	200,000 sold @ $1.18 per share100,000 sold @ $1.17167 per share10,000 bought @ $1.235645 per share40,000 bought @ $1.219729 per share120,000 bought @ $1.223538 per share

+ See chapter 19 for defined terms.

No. of securities held after change	(a) 174,979 Shares direct(b) 60,000 Shares indirect via Mrs BelindaGordon & Mr Ian Gordon as Trustees for theGordon Super Fund
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On-market trades.

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.

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 andan estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts	No
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.