XSTATE RESOURCES LIMITED — Director's Dealing 2010

Nov 4, 2010

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 30/9/2001.

Name of entity	Xstate Resources Limited
ABN	96 009 217 154

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	Brett Mitchell
Date of last notice	26 August 2009

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.

disclosed in this part.
Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	5 November 2010
No. of securities held prior to change	Nil
Class	Fully paid ordinary shares and Listed Options exercisable at $0.24 on or before 30 June 2013
Number acquired	494,713 ordinary shares 247,356 listed options exercisable at $0.24 on or before 30 June 2013
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$49,471.30

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Appendix 3Y Change of Director’s Interest Notice
No. of securities held after change	494,713 ordinary shares 247,356 listed options exercisable at $0.24 on or before 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	Participation in Entitlement Issue Underwriting

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

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2