VENARI MINERALS NL — Director's Dealing 2012

May 27, 2012

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asx announcement
28 may 2012
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Please find following a replacement Appendix 3Y: Change in Directors Interest Notice and explanation for late lodgement.

ENDS

For enquiries, please contact:

Robert Hyndes Lynton McCreery Executive Director Company Secretary P: +61 8 6389 5777 P: +61 8 6389 5777

a p west perth wa 6005 w : www.aro.com.au e

p

ph : +61 8 6389 5777 fx : +61 8 9486 1258 asx : aro

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 ASTRO RESOURCES NL ABN 96 007 090 904

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	Robert Hyndes
Date of last notice	06 April 2010

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 relevant interest.	Splendour Investments Pty Ltd – Robert Hyndes is director and shareholder.
Date of change	07/05/2012
No. of securities held prior to change	3,000,000 Fully Paid Ordinary Shares 10,000,000 Options_(unlisted, $0.01 exercise, 30 June_ 2013 expiry)
Class	As above
Number acquired	1,800,000 Fully Paid Ordinary Shares 450,000 Options_(listed, $0.005 exercise, 30 June 2014_
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$3,600.00
No. of securities held after change	4,800,000 Fully Paid Ordinary Shares 450,000 Options_(listed, $0.005 exercise, 30 June 2014_ expiry.) 10,000,000 Options_(unlisted, $0.01 exercise, 30 June_ 2013 expiry)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in Rights Issue

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 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 an estimated valuation Interest after change

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 3

01/01/2011

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asx announcement
28 may 2012
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EXPLANATION FOR LATE LODGEMENT OF CHANGE IN DIRECTOR’S INTEREST NOTICE

Having regard to ASX Listing Rules 3.19A and 3.19B and Guidance Note 22: “Director Disclosure of Interests and Transactions in Securities – Obligations of Listed Entities”, the Company makes the following submissions in relation to the late lodgement of a Directors’ Change in Director’s Interest Notice:

• (1) Explain why the Appendix 3Y was lodged late

The Appendix 3Y was lodged late, due to the fact that the Director had mistakenly believed that the change in relevant interest had been reported to the Company Secretary. As a result, the Company Secretary was unaware that the change in Director’s interest had taken place.

• (2) What arrangements does the Company have in place with its directors to ensure that it is able to meeting its disclosure obligations under listing rule 3.19A?

The Company has in place a Continuous Disclosure and Insider Trading Policy that sets out the obligations of the Director in relation to disclosure of changes in interests held in the Company’s securities, including the requirements for disclosing information required for completion and lodgement of Appendix 3Y with ASX within the time limits prescribed under the ASX Listing Rules.

Each Director is provided with a copy of the Company’s Continuous Disclosure and Insider Trading Policy. These documents stipulate the responsibilities of each Director in relation to ensuring the Company is able meet its disclosure obligations under ASX Listing Rule 3.19A.

The Company Secretary is aware of the Company’s and each Directors disclosure obligations in relation to changes in Directors’ interest in securities in the Company.

• (3) If the current arrangements are inadequate of not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

The Company considers the current arrangements to be adequate to ensure future compliance with ASX Listing Rule 3.19A.

Lynton McCreery Company Secretary

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