RIEDEL RESOURCES LIMITED — Director's Dealing 2011

May 5, 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	8 February 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.

“	“			”	”
notifia		ble interest of a dir		ector should be dis		closed in this part.
	Direc	or indirect interes					Direct
	Natur	e of indirect i	nteres	t
	(incluNote:	ding registereProvidedet	d holilsof	der)the	circumstances	giving
	rise to	the relevant	intere	st.
	Date	of change					4 May 201	1	and 5 May 2011
	No. o	f securities he	ld pri	or to	change		Direct - 10	0	000 ordinary shar	es
								,
	Class						Ordinary
	Numb	er acquired					90,000
	Numb	er disposed					Nil
	Value	/Consideratio	nionis	non	-cash, provide	details	$13,244.1	0
	Note:	If considerat
	and e	stimated valu	ation
S htr 1 fr d			find tr

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securi	No. of securi
	No. of securi	ties held after chan	ge	Direct - 190,000 o	rdinary shares
	Nature of chExample:oexercise of dividend rei	angen-markettrade, options, issue ofnvestment plan, pa	off-markettrade, securities underrticipation in buy-	On-market trade
backPart 2 – Chan	back
		ge of director’s inte	rests in contracts
Note: In the c“notifiable int		ase of a company, inerest of a director”	terests which comeshould be disclosed	within paragraph (iin this part.	i) of the definition o	f

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	NA	NA	NA	NA	NA
	Nature of interest
	Name of registered holder
	(if issued securit	ies)
	Date of change
	Noandclasso	fsecuritiestowhich
	**. **interest related	prior to change
	Note: Details arcontractinrel	e only required for aationtowhichthe
	interest has chan	ged
	Interest acuire
	q
	Interest dispose	d
	Value/Considera	tion
	Note: If consid	eration is no	n-cash,
	providedetails	andanest	imated
	valuation
	Interest after ch	ange

• 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