REACH RESOURCES LIMITED — Director's Dealing 2011

Oct 24, 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 30/9/2001.

Name of entity CERVANTES CORPORATION LTD
ABN 97 097 982 235

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	COLLIN VOST
Date of last notice	25 October 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	Indirect Interest
Nature of indirect interest	Shares held indirectly by New York Holdings Pty
(including registered holder)	Ltd
Note: Provide details of the circumstances giving rise to the relevant	(A company which Collin Vost is a director and
interest.	shareholder)
	Shares held indirectly by New York Holdings Pty
	Ltd ATF the CV Superannuation Fund
	(A fund which Collin Vost is a beneficiary)
	Options held indirectly by Zurich Securities Pty
	Ltd
	(A company which Collin Vost is a director and
	shareholder)
Date of change	7 October 2011

+ See chapter 19 for defined terms.

No. of securities held prior to change	a)7,770,000 Ordinary Shares held by New
	York Holdings Pty Ltd
	b)33,550,000 Ordinary Share and an option topurchase 12,000,000 ordinary shares for 1ceach, an option to purchase 7,770,000ordinary shares from New York HoldingsPty Ltd at 1.2c each held by New YorkHoldings Pty Ltd ATF the CVSuperannuation Fund
	c)5,000,000 Options held by Zurich SecuritiesPty Ltd exercisable at 3c on or before31/12/2013
	d)6,000,000 Ordinary Shares held by CollinVost
Class	Ordinary Shares
Number acquired	b)6,000,000 ordinary shares
Number disposed	d)6,000,000 ordinary shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	c)$30,000
No. of securities held after change	a)7,770,000 Ordinary Shares held by NewYork Holdings Pty Ltd
	b)39,550,000 Ordinary Share and an option topurchase 12,000,000 ordinary shares for 1ceach, an option to purchase 7,770,000ordinary shares from New York HoldingsPty Ltd at 1.2c each held by New YorkHoldings Pty Ltd ATF the CVSuperannuation Fundc)5,000,000 Options held by Zurich SecuritiesPty Ltd exercisable at 3c on or before
	31/12/2013
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of	Off market
securities under dividend reinvestment plan, participation in buy-back

+ See chapter 19 for defined terms.

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.

Detailof contract
Nature ofinterest
Name of registered holder
(ifissued securities)
Date of change
No.andclassofsecuritiesto
whichinterestrelatedpriorto
change
Note: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interestafterchange

Part 3 – +Closed period

Weretheinterestsinthesecuritiesorcontractsdetailed	No
a +closedabovetradedduringperiodwherepriorwritten clearancewas required?
Ifso,waspriorwrittenclearanceprovidedtoallowthetradeto proceed during this period?	N/a
Ifpriorwrittenclearancewasprovided,onwhatdatewasthis provided?	N/a

+ See chapter 19 for defined terms.