RIEDEL RESOURCES LIMITED — Director's Dealing 2011

Dec 7, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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 30/09/01 Amended 01/01/11

Name of entity Riedel Resources Limited ABN 91 143 042 022

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	Andrew Ross Childs
Date of last notice	2 December 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	Direct and Indirect
Nature of indirect interest	Brazell Pty Ltd <A&M Superfund A/C>
(including registered holder)	Marina Childs
Note: Provide details of the circumstances giving
rise to the relevant interest.
Date of change	2 December 2011
No. of securities held prior to change	Direct – 325,000 Options 20c ex, expiry
	30 November 2012
	Indirect – 1,012,000 ordinary shares
	Indirect – 2,000,000 30c unlisted options expiring
	30 June 2014
Class	Ordinary
Number acquired	45,000
Number disposed	-
Value/Consideration	$5,943.50
Note: If consideration is non-cash, provide details
and estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct – 45,000 ordinary shares 325,000 Options 20c ex, expiry 30 November 2012 Indirect – 1,012,000 ordinary shares Indirect – 2,000,000 30c unlisted options expiring 30 June 2014 Nature of change Example: on-market trade, off-market trade, On-market trade exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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	Detail of contract	NA	NA	NA	NA	NA
	Nature of interest
	Name of registered holder(if issued securities)
	Date of change
	No. and class of securities to whichinterest related prior to change
	Note: Details are onlcontract in relation	y required for ato which the
	interest has changed
	Interest acquired
	Interest disposed
	Value/Consideration
	Note: If considerati	on is non-cash,
	provide details and an estimatedvaluation
	Interest after change

Part 3 –[+] Closed period

			Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No	No	No	No	No
			If so, was prior writteproceed during this pe		n clearance provided triod?		allow the trade to	-
			If prior written cleara		nce was provi	ded, on	what date was this	-
			provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011