RIEDEL RESOURCES LIMITED — Director's Dealing 2011

Jun 9, 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	Bruce Robert Errol Franzen
Date of last notice	31 January 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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving
rise to the relevant interest.
Date of change	9 June 2011
No. of securities held prior to change	Direct - 600,100 ordinary shares
	Direct – 2,000,000 30c unlisted options expiring
	30 June 2014
Class	Options 20c ex, expiry 30 Nov2012
Number acquired	300,049
Number disposed	-
Value/Consideration	$3,000.49
Note: If consideration is non-cash, provide details
and estimated valuation

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct - 600,100 ordinary shares Direct - 300,049 Options 20c ex, expiry 30 Nov2012 Direct – 2,000,000 30c unlisted options expiring 30 June 2014 Nature of change Example: on-market trade, off-market trade, Non Renounceable Entitlement Issue of Options exercise of options, issue of securities under 1:2 at 1c per option 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	NA
Nature of interest
Name of registered holder(if issued securities)
Date 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
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

01/01/2011 Appendix 3Y Page 3