RIEDEL RESOURCES LIMITED — Director's Dealing 2011

Sep 26, 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	12 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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Brazell Pty Ltd <A&M Superfund A/C>Marina Childs
Date of change	16 September 2011
No. of securities held prior to change	Direct – 325,000 Options 20c ex, expiry30 November 2012Indirect – 750,000 ordinary sharesIndirect – 2,000,000 30c unlisted options expiring30 June 2014
Class	Ordinary
Number acquired	50,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$7,289.01

• 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	No. of securities held after change	No. of securities held after change	Direct – 325,000 Options 20c ex, expiry	Direct – 325,000 Options 20c ex, expiry	Direct – 325,000 Options 20c ex, expiry
				30 Noved	mber 2012d h
				Inirect – 800,00Indirect – 2,000,030 Jun	orinary sares00 30c unlisted options expiringe 2014
	Nature of change
	Example: on-market trade, of	f-market tra	de,	On-market trade
	exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back

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	Detail of contract	Detail of contract	NA	NA	NA	NA	NA	NA
Nature of interest
Name of registered holder(if issued securities)
D
	ate of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which theinterest has changed	o. and class of securiti	es to which
	terest related prior to cote: Details are onl re	angeuired for a
	yontract in relation to	which the
Interest acquired
Interest disposed
	terest disposed
VNpv	alue/Consideration
	ote: If consideration is non-casrovide details and an estimat		h,d
	aluation
I	nterest after change

Part 3 –[+] Closed period

Part 3 –+Closed period	Part 3 –+Closed period	Part 3 –+Closed period	Part 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?				No
	raded during a+closed period whe	re prior written clearan	ce
	as required?
Ifp	so, was prior written clearance pro	vided to allow the trade	to	-
	roceed during this period?
Ifp	prior written clearance was provid	ed, on what date was t	his	-
	rovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011