9 January 2013

ASX Market Announcements

ASX Limited

Level 4

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

APPENDIX 3Y NOTICE

In accordance with ASX Listing Rule 3.19A.2, please find enclosed an Appendix 3Y notice on behalf of Mr Stephen Boston, following the exercise of listed options in Catalyst Metals Limited.

Yours faithfully

FRANK CAMPAGNA

Company Secretary

Level 3, 50 Colin Street West Perth WA 6005 PO Box 778, Claremont WA 6910

Telephone: (61-8) 9383 2825 Facsimile: (61-8) 9284 5426 www.catalystmetals.com.au ABN 54 118 912 495

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

Catalyst Metals Limited

ABN

54 118 912 495

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

Stephen James Boston

Date of last notice

4 May 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.
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

Trapine Pty Ltd (beneficial interest) Merewether Pty Ltd (beneficial interest) Elshaw Pty Ltd (beneficial interest)

Date of change

9 January 2013

Number of securities held prior to change

5,447,947 ordinary shares

680,995 listed options (15.01.13)

Class

Ordinary shares and listed options

Number acquired

16,188 shares

Number disposed

16,188 options (exercise of options)

Value/Consideration

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

$8,094

+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Number of securities held after change

5,464,135 ordinary shares

664,807 listed options (15.01.13)

Nature of change

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

Exercise of listed options

Part 2 - Change of director's interests in contracts

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.

Details of contract

Nature of interest

Name of registered holder

(if issued securities)

Date of change

Number 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.

01/01/2011 Appendix 3Y Page 2

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