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 30/9/2001.

Name of entity Poseidon Nickel Limited

ACN 060 525 206

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

Richard MONTI

Date of last notice

11 December 2012

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 interest

Nature of indirect interest

(including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Greatcity Corporation Pty Ltd ACN 107 158 154

Director and Potential Beneficiary

Date of change

9 January 2013

No. of securities held prior to change

2,737,850 Ordinary Shares;

1,250,000 Unlisted July 2012 Options; and

250,000 Unlisted November 2016 Options

Class

Ordinary Shares

Number acquired

124,524 Ordinary Shares

Number disposed

Nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

Issued at a deemed price of $0.01389 being the

92 day VWAP for the quarter ended December

2012

No. of securities held after change

2,862,374 Ordinary Shares;

1,250,000 Unlisted July 2012 Options; and

250,000 Unlisted November 2016 Options

Nature of change

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

Issue of fully paid Ordinary Shares to the Directors in lieu of fees for the December 2012 quarter as approved by the Shareholders at the November 2012 Annual General Meeting

Part 2 - Change of director's interests in contracts


+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

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

Not Applicable

Nature of interest

Not Applicable

Name of registered holder

(if issued securities)

Not Applicable

Date of change

Not Applicable

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

Not Applicable

Interest acquired

Not Applicable

Interest disposed

Not Applicable

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Not Applicable

Interest after change

Not Applicable

Part 3 - Trading Windows

Were the interests in the securities or contracts detailed above traded during a trading window where prior written clearance was required

Not Applicable - this particular acquisition has been specifically excluded from the Policy

If so, was prior written clearance provided to allow the trade to proceed during this period

Not Applicable - this particular acquisition has been specifically excluded from the Policy

If prior written clearance was provided, on what date was this provided

Not Applicable


+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002

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