REACH RESOURCES LIMITED — Director's Dealing 2011

Jan 3, 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	17 December 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

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 by New York Holdings Pty Ltd
(including registered holder)	(A company which Collin Vost is a director and
Note: Provide details of the circumstances giving rise to the relevant	shareholder)
interest.
	Shares held by New York Holdings Pty Ltd ATF
	the CV Superannuation Fund
	(A fund which Collin Vost is a beneficiary)
	Shares and options held by Zurich Securities Pty
	Ltd
	(A company which Collin Vost is a director and
	shareholder)
Date of change	24 December 2010
No. of securities held prior to change	a)770,000 Ordinary Shares held by New York
	Holdings Pty Ltd
	b)29,850,000 Ordinary Share held by New York
	Holdings Pty Ltd ATF the CV Superannuation
	Fund
	c) 3,500,000 Ordinary Shares held by Zurich
	Securities Pty Ltd
	d) 5,000,000 Options held by Zurich Securities
	Pty Ltd exercisable at 3c on or before 31/12/2013

+ See chapter 19 for defined terms.

Class	Ordinary Shares
Number acquired	a)7,000,000 ordinary sharesb)700,000ordinarysharesandoptiontopurchase 12,000,000 ordinary shares for 1ceach, option to purchase 7,770,000 ordinaryshares from New York Holdings Pty Ltd at1.2c each and option to purchase 6,000,000ordinary shares from Zurich Securities PtyLtd at 1.2c each on or before 24 December2011c)2,500,000 ordinary shares
Number expired
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	a)$60,474b)$6,775c)$25,000
No. of securities held after change	a)7,770,000 Ordinary Shares held by NewYork Holdings Pty Ltdb) 30,550,000 Ordinary Share and an option topurchase 12,000,000 ordinary shares for 1ceach, an option to purchase 7,770,000ordinary shares from New York Holdings PtyLtd at 1.2c each and an option to purchase6,000,000 ordinary shares from ZurichSecurities Pty Ltd at 1.2c each on or before 24December 2011 held by New York HoldingsPty Ltd ATF the CV Superannuation Fundc) 6,000,000 Ordinary Shares held by ZurichSecurities Pty Ltdd) 5,000,000 Options held by Zurich SecuritiesPty Ltd exercisable at 3c on or before 31/12/2013
Natureof changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off market

+ 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.

Detailofcontract
Natureofinterest
Nameofregisteredholder(ifissuedsecurities)
Dateof change
No.andclassofsecuritiestowhichinterestrelatedpriortochangeNote: Details are only required for a contract in relationto which the interest has changed
Interestacquired
Interestdisposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interestafter change

+ 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 30/9/2001.

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	GRAEME ARMSTRONG
Date of last notice	16 January 2009

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	GAArmstrongSuperannuationFundPtyLtdATF the GA Armstrong SuperannuationFund.(A fund which Graeme Armstrong is a member)GAArmstrongSuperannuationFundPtyLtdATF the GA & FC Armstrong Family Trust.(AtrustwhichGraemeArmstrongisabeneficiary)
Date of change	24 December 2010
No. of securities held prior to change	4,525,000OrdinarySharesheldbyGAArmstrong Superannuation Fund Pty Ltd ATF theGA Armstrong Superannuation Fund.25,000 Ordinary Shares held by GA ArmstrongSuperannuation Fund Pty Ltd ATF the GA & FCArmstrong Family Trust.
Class	Ordinary Shares
Number acquired	1,000,000

+ See chapter 19 for defined terms.

Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$10,000
No. of securities held after change	4,525,000OrdinarySharesheldbyGAArmstrong Superannuation Fund Pty Ltd ATF theGA Armstrong Superannuation Fund.1,025,000OrdinarySharesheldbyGAArmstrong Superannuation Fund Pty Ltd ATF theGA & FC Armstrong Family Trust.
Natureof changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off market

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.

Detailofcontract
Natureofinterest
Nameofregisteredholder
(ifissuedsecurities)
Dateof change
No.andclassofsecuritiesto
whichinterestrelatedpriorto
changeNote: Details are only required for a contract in relationto which the interest has changed
Interestacquired
Interestdisposed
Value/Consideration
Note: If consideration is non-cash, provide details and anestimated valuation
Interestafter change

+ See chapter 19 for defined terms.