SUNSTONE METALS LTD — Director's Dealing 2010

Feb 1, 2010

Appendix 3Y

Rule 3.19A.2

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	Stephen Stone
Date of last notice	16 June 2009

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	(a)Direct
	(b)Indirect
	(c)Jointly Direct and with (b)
Nature of indirect interest	Jointly with Spouse <the one<="" th="" west="">
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Superannuation Account>
Date of change	27 January 2010
No. of securities held prior to change	1,090,704 Ordinary Shares
	200,000 Options
Class	Options
Number acquired	200,000 (c)
Number disposed	200,000 (a)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$2,000
No. of securities held after change	1,090,704 Ordinary Shares
	200,000 Options

+ See chapter 19 for defined terms.

Nature of change	Off Market Transfer of Options from S Stone
Example: on-market trade, off-market trade, exercise of options, issue of	to S Stone and J Pearl <the one<="" td="" west="">
securities under dividend reinvestment plan, participation in buy-back	Superannuation 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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Date of Notification: 2 February 2010

+ See chapter 19 for defined terms.