SUNSTONE METALS LTD — Director's Dealing 2011

Feb 21, 2011

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: 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	Gary Steinepreis
Date of last notice	15 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
Nature of indirect interest	Leisurewest Consulting Pty Ltd
(including registered holder)	(Director & shareholder)
Note: Provide details of the circumstances giving rise to the relevant	Oakhurst Enterprises Pty Ltd
interest.	(Director & shareholder)
	Spouse
Date of change	21 February 2011
No. of securities held prior to change	2,257,155 Ordinary Shares
Class	Ordinary Shares
Number acquired	(a)200,000 Ordinary Shares
	(b)251,432 Ordinary Shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated	18c/share Total $81,257.76
valuation
No. of securities held after change	2,708,587 Ordinary Shares

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Take up of Entitlement Issue shares.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------	--------------------------------------

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere prior written	No
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date wasthisprovided?	N/A

Date of Notification: 22 February 2011

+ See chapter 19 for defined terms.