REDSTONE RESOURCES LIMITED — Director's Dealing 2012

Dec 5, 2012

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	Richard Homsany
Date of last notice	4 December 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.	Trustee and beneficiary of family trustRichard and Rosa Diana Marisa Homsany
Date of change	30 November 2012 and
	5 December 2012

+ See chapter 19 for defined terms.

No. of securities held prior to change	Indirect Interest
Richard and Rosa Diana Marisa Homsany	1,000,000 Unquoted optionsexercisable at $0.95 per share at anytime on or before 30 November2012.500,000 Unquoted optionsexercisable at $1.20 per share at anytime on or before 30 November2012.1,500,000 Unquoted optionsexercisable at $0.25 per share at anytime on or before 30 November2014.500,000 Unquoted optionsexercisable at $0.30 per share at anytime on or before 30 November2014.500,000 Unquoted optionsexercisable at $0.35 per share at anytime on or before 30 November2014.
Class	Unquoted Options – expiring 30 November2012Unquoted Options – issued 5 December 2012
Number acquired	500,000 $0.20 Unquoted Options
Number disposed	1,500,000 Unquoted Options expiring 30November 2012
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
Richard and Rosa Diana Marisa Homsany	1,500,000 Unquoted optionsexercisable at $0.25 per share at anytime on or before 30 November2014.500,000 Unquoted optionsexercisable at $0.30 per share at anytime on or before 30 November2014.500,000 Unquoted optionsexercisable at $0.35 per share at anytime on or before 30 November2014.500,000 Unquoted optionsexercisable at $0.20 on or before 4December 2012.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	30 November 2012 - Expiry of options5 December 2012 – Issue of options

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 andan estimated valuation	N/A

+ See chapter 19 for defined terms.

Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.