SUNSTONE METALS LTD — Director's Dealing 2016

Aug 28, 2016

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	26 May 2016

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	Directand Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect–MN Investment Fund P/L <mn investment<br="">Super fund> (beneficial holder)–Wendy Anne Collins (related party)
Date of change	23 August 2016 (shares & performance rights)29 August 2016 (Options)
No. of securities held prior to change	6,875,872 sharesDirect -3,292,497;Indirect -3,583,375. (2,983,375 MNInvestmentFundP/L;600,000Wendy Anne Collins)1,994,000 Performance Rights (Direct)4,000,000 Options (Direct)
Class	Ordinary sharesQuoted OptionsPerformance Rights
Number acquired	625,000shares (Direct)625,000Options(Direct)2,089,000 Performance Rights (Direct)
Number disposed	nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.016per shareOptions exercisable at $0.03

+ See chapter 19 for defined terms.

No. of securities held after change	7,500,872shares
	Direct -3,917,497;
	Indirect -3,583,375.
	4,083,000 Performance Rights (Direct)
	4,000,000 unlisted options(Direct)
	625,000 Quoted Options(Direct)
Nature of change	Participation in Placementof shares and
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	options, and Performance Rights granted
	under the Company's Employee Performance
	Rights Planas approved by shareholders at
	General Meeting dated 23 August2016

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	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to which
interest related prior to changeNote: Details are only required for a contract in relationto 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: 29 August 2016

+ See chapter 19 for defined terms.

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 30/09/01 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	Graham Ascough
Date of last notice	26 May2016

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 relevantinterest.	GL &PL Ascough Director is both a trustee and a beneficiary
Date of change	23 August2016(Shares)29 August 2016 (Options)
No. of securities held prior to change	5,193,813 shares
Class	Ordinary SharesQuoted Options
Number acquired	937,500Ordinary Shares937,500 Quoted Options
Number disposed	nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$0.016 per shareExercise price of options $0.03
No. of securities held after change	6,131,313shares937,500 Quoted Options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Participation in Placement of shares andoptionsasapprovedbyshareholdersatGeneral Meeting dated 23 August2016

+ See chapter 19 for defined terms.

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	N/A
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 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

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed periodwhere prior written clearance	No
was 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: 29 August 2016

+ See chapter 19 for defined terms.