Avalon Minerals : Change of Directors Interest Notice

Appendix 3Y Change of Director's Interest Notice Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 relevant interest.	Indirect MN Investment Fund P/L (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 MN Investment Fund P/L; 600,000 Wendy Anne Collins) 4,083,000 Performance Rights (Direct) 4,000,000 unlisted options (Direct) 625,000 Quoted Options (Direct)
Class	Ordinary shares
Number acquired	389,644 shares (Direct)
Number disposed	nil
Value/Consideration Note: 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.

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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 change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Vesting of Employee Performance Rights upon 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 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?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

Date of Notification: 20 January 2017

+ See chapter 19 for defined terms.

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