REDSTONE RESOURCES LIMITED — Director's Dealing 2011

Dec 29, 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 REDSTONE RESOURCES LTD
ABN	42 090 169 154

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	Barry Woodhouse
Date of last notice	2 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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Trustee and beneficiaryMrBarryWoodhouse&MrsDanielleWoodhouse
Date of change	22 December 2011
No. of securities held prior to change	Indirect Interest
MrBarryWoodhouse&MrsDanielleWoodhouse	300,000 Unquoted options exercisable at$0.50 per share at any time on or before 1December 2013
Class	Unquoted options
Number acquired	500,000 Unquoted options exercisable at$0.30 per share at any time on or before 21December 2014
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	Indirect Interest
MrBarryWoodhouse&MrsDanielleWoodhouse	500,000Unquotedoptionsexercisable at $0.30 per share at anytime on or before 21 December2014;300,000Unquotedoptionsexercisable at $0.50 per share at anytime on or before 1 December 2013
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue and allotment of unquoted optionsfollowing shareholder approval.

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.

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

+ See chapter 19 for defined terms.

Part 3 – +Closed period

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