VERITY RESOURCES LIMITED — Director's Dealing 2012

Mar 13, 2012

==> picture [595 x 25] intentionally omitted <==

==> picture [595 x 26] intentionally omitted <==

==> picture [595 x 26] intentionally omitted <==

==> picture [595 x 26] intentionally omitted <==

==> picture [595 x 26] intentionally omitted <==

TO: COMPANY ANNOUNCEMENTS OFFICE ASX LIMITED

Market Cap

==> picture [595 x 25] intentionally omitted <==

DATE: 14 MARCH 2012

Cash

CHANGE OF DIRECTOR’S INTERESTS

Issued Capital

Botswana Metals Limited advises of a change in the interests held in the Company’s shares by Mr Patrick Volpe, a Director of the Company.

Substantial shareholders

The Appendix 3Y: Change of Director’s Interest Notice for the change follows.

==> picture [595 x 25] intentionally omitted <==

----- Start of picture text -----

2. Polarity B Pty Ltd 7.55%
3. Bell IXL Investments Ltd 5.95%
----- End of picture text -----

Richard Baker

Company Secretary

Directors

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

Mr Massimo Cellante
(Non-executive Director)
----- End of picture text -----

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

Dr Paul Woolrich
(Non-executive Director)
----- End of picture text -----

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

www.botswanametals.com.au
----- End of picture text -----

==> picture [595 x 25] intentionally omitted <==

Registered Office

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

310 Whitehorse Road
Balwyn, Victoria, 3103
----- End of picture text -----

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

P +61 3 9830 7676
----- End of picture text -----

==> picture [595 x 26] intentionally omitted <==

----- Start of picture text -----

F +61 3 9836 3056
----- End of picture text -----

Contact

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 BOTSWANA METALS LIMITED ABN 96 122 995 073

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	PATRICK VOLPE
Date of last notice	21 FEBRUARY 2011

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 & INDIRECT – SHARES DIRECT & INDIRECT - OPTIONS
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	VERMAR PTY LTD IS AN ENTITY OF WHICH MR VOLPE IS A DIRECTOR AND SHAREHOLDER. TRAYBURN PTY LTD IS AN ENTITY OF WHICH MR VOLPE IS A DIRECTOR AND SHAREHOLDER.
Date of change	13 MARCH 2012
No. of securities held prior to change	23,281,159 ORDINARY SHARES 17,500,000 OPTIONS TO ACQUIRE ORDINARY SHARES EXERCISABLE AT 10 CENTS EACH EXPIRING 30 JUNE 2013.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	1. ORDINARY SHARES 2. OPTIONS TO ACQUIRE ORDINARY SHARES EXERCISABLE AT 10 CENTS EACH EXPIRING 30 JUNE 2013.
Number acquired	1. 6,250,000 ORDINARY SHARES 2. 6,250,000 OPTIONS TO ACQUIRE ORDINARY SHARES EXERCISABLE AT 10 CENTS EACH EXPIRING 30 JUNE 2013.
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$250,000
No. of securities held after change	29,531,159 ORDINARY SHARES 23,750,000 OPTIONS TO ACQUIRE ORDINARY SHARES EXERCISABLE AT 10 CENTS EACH EXPIRING 30 JUNE 2013.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	RIGHTS ISSUE SUBSCRIPTION

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3