SUNSTONE METALS LTD — Director's Dealing 2015

Sep 16, 2015

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 LIMITED
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	Malcolm Norris
Date of last notice	8 May 2015

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	Indirect
(including registered holder)	–MN Investment Fund P/L <mn investment<="" th="">
Note: Provide details of the circumstances giving rise to the relevantinterest.	Super fund> (beneficial holder)
	–Wendy Anne Collins (related party)
Date of change	14 September2015
No. of securities held prior to change
	3,516,665 sharesDirect -1,816,665
	Indirect –1,700,000
	–1,300,000 (MN Investment Fund P/L)
	–400,000 (Wendy Anne Collins)
	4,000,000 options(Direct)
Class	Ordinary shares
	Options
Number acquired	170,000shares (Direct)
Number disposed	nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.028per share($4,760)
No. of securities held after change	3,686,665shares
	4,000,000 options
Nature of change	On Market Trade
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back

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.

	N/A
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 anestimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above	No
traded during a +closed periodwhere prior written clearancewas required?
If so, was prior written clearance provided to allow the trade toproceed during this period?	n/a
If prior written clearance was provided, on what date was thisprovided?	n/a

Date of Notification: 17 September 2015

+ See chapter 19 for defined terms.