RIEDEL RESOURCES LIMITED — Director's Dealing 2011

Jul 27, 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	Jeffrey John Moore
Date of last notice	10 June 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	Jeffrey John Moore & Julia Rosalind Moore
(including registered holder)
Note: Provide details of the circumstances giving
rise to the relevant interest.
Date of change	26 July 2011
No. of securities held prior to change	Direct/Indirect - 200,000 Fully Paid Ordinary
	shares
	Direct/Indirect - 100,000 Options 20c ex, expiry
	30 Nov2012
Class	a) Performance Rights
	b) Performance Rights
	c) Performance Rights

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	a) 2,000,000 performance rights vestingwhen the Company’s share price is equalto or greater than Au27 cents for 20consecutive trading days, expiry 25 July2014b) 2,000,000 performance rights vestingwhen the Company’s share price is equalto or greater than Au36 cents for 20consecutive trading days, expiry 25 July2014c)2,000,000 performance rights vestingwhen the Company’s share price is equalto or greater than Au45 cents for 20consecutive trading days, expiry 25 July2014
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Valuations as per Black Scholes option pricingmodela) $0.047 cents per rightb) $0.038 cents per rightc)$0.031 cents per right
No. of securities held after change	Direct/Indirect - 200,000 Fully Paid OrdinarySharesDirect/Indirect - 100,000 Options 20c ex, expiry30 Nov2012Direct - 2,000,000 performance rights vestingwhen the Company’s share price isequal to or greater than Au27 cents for20 consecutive trading days, expiry 25July 2014Direct - 2,000,000 performance rights vestingwhen the Company’s share price isequal to or greater than Au36 cents for20 consecutive trading days, expiry 25July 2014Direct - 2,000,000 performance rights vestingwhen the Company’s share price isequal to or greater than Au45 cents for20 consecutive trading days, expiry 25July 2014
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Grant of performance rights approved at GM ofShareholders held on 14 July 2011

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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
contract in relation to which the
interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash,
provide details and an estimated
valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above	No
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	-
proceed during this period?
If prior written clearance was provided, on what date was this	-
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3