SUNSTONE METALS LTD — Director's Dealing 2017

Jan 22, 2017

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 30/09/01 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	29 August 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	Direct and 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 InvestmentSuper fund> (beneficial holder)– Wendy Anne Collins (related party)
Date of change	19 January 2017
No. of securities held prior to change	7,500,872 sharesDirect - 3,917,497;Indirect - 3,583,375. (2,983,375 MNInvestmentFundP/L;600,000Wendy Anne Collins)4,083,000 Performance Rights (Direct)4,000,000 unlisted options (Direct)625,000Quoted Options(Direct)
Class	Ordinary shares
Number acquired	389,644 shares (Direct)
Number disposed	nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Vesting of Employee Performance Rights.Share price at issue $0.017 per share = $6,624

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y

Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	7,890,516 sharesDirect - 4,307,141;Indirect - 3,583,375.3,693,356 Performance Rights (Direct)4,000,000 unlisted options (Direct)625,000 Quoted Options (Direct)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Vesting of Employee Performance Rightsupon achieving performance hurdles

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

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
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: 20 January 2017

• See chapter 19 for defined terms.

01/01/2011Appendix 3Y

Page 2