REDSTONE RESOURCES LIMITED — Director's Dealing 2011

Dec 27, 2011

Appendix 3Y

9Rule 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	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	David Phillip John Le Roy
Date of last notice	5 July 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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Trustee and beneficiaryVyscard Pty Ltd
Date of change	22December 2011
No. of securities held prior to changeVyscard Pty Ltd	Indirect Interest•600,000 Ordinary shares;•200,000 Unquoted optionsexercisableat $0.50 per share at anytime on or before 1 December 2013;•100,000 Unquoted optionsexercisable at $0.25 per share at anytime on or before 30 November2012.
Class	Unquoted Options

+ See chapter 19 for defined terms.

Number acquired
Vyscard Pty Ltd	500,000 Unquoted options exercisable at$0.30 per share any time on or before 21December 2011.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change
Vyscard Pty Ltd	Indirect Interest
	•600,000 Ordinary shares;•500,000 Unquoted optionsexercisableat $0.30 per share at anytime onor before 21December2014;•200,000 Unquoted optionsexercisable at $0.50 per share at anytime on or before 1 December 2013;•100,000 Unquoted optionsexercisable at $0.25 per share at anytime on or before 30 November2012.
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.

+ 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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(ifissued 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.