SUNSTONE METALS LTD — Director's Dealing 2008

Dec 15, 2008

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 30/9/2001.

Name of entity: AVALON MINERALS LTD

ABN: 68 123 184 412

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	David McSweeney
Date of last notice	9 December 2008

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Brookman Resources Pty Ltd ATF David McSweeney Superannuation Fund, sole share holder and director
Date of change	Correction to Previous Notice following reconciliation of closing balances
No. of securities held prior to change	8,479,706 Ordinary Shares 8,500,000 Options
Class	Ordinary Shares
Number adjusted on reconciliation	183,500
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Purchased at 15.5, 16 and 20 cents.
No. of securities held after change	8,663,206 Ordinary Shares 8,500,000 options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On Market Purchases following reconciliation of account

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 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

Date of Notification: 16 December 2008

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002