RIEDEL RESOURCES LIMITED — Director's Dealing 2011

Sep 19, 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	49,999
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$7,288.86

• 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	No. of securities held after change		Direct – 325,000 Options 20c ex, expiry
					30 November 2012
					Indirect – 799,999 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 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				NA
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to change
Note: Details are only	required		for a
contractinrelation	to	which	the
interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is		non-cash,
providedetailsand	an	estimated
valuation
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?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011