DME Discov. Met

 
TIDMDME 
 
AIM RELEASE 
 
14 December 2011 
 
Directors' Shareholding & Issue of Equity 
 
Discovery Metals Limited (the "Company") advises that it has issued 2,000,000 
ordinary shares of no par value in the Company following the exercise of options 
by Mr Stuart Bradley Sampson, Managing Director of the Company and Mr Jeremy 
Read, Non-Executive Director of the Company. 
 
Mr Stuart Bradley Sampson 
The details of the exercise of the options by Mr Stuart Bradley Sampson are as 
follows: 
  * Total of 1,000,000 options exercisable at A$0.55 cents each, with an expiry 
    date of 1 February 2013. 
 
 
The  Company was also informed that  on 13 December 2011, Mr Sampson disposed of 
1,000,000 shares at a price of A$1.35 per share. 
 
Accordingly,  following the above  transactions, Mr Sampson  holds the following 
interests in the Company: 
  * 1,000,000 unquoted options exercisable at A$0.35 and expiring on 1 November 
    2013; and 
  * 1,500,000 ordinary shares in the Company pursuant to the Company's Employee 
    and Directors Share Plan (which was approved by shareholders at a general 
    meeting on 24 February 2010), the issue of which are subject to certain 
    vesting conditions. 
 
 
Mr Jeremy Read 
The details of the exercise of the options by Mr Jeremy Read are as follows: 
  * Total of 1,000,000 options exercisable at A$0.50 cents each, with an expiry 
    date of 12 December 2011. 
 
 
Accordingly,  following  the  above  transaction,  Mr  Read  holds the following 
interests in the Company: 
  * 750,000 ordinary shares in the Company pursuant to the Company's Employee 
    and Directors Share Plan (which was approved by shareholders at a general 
    meeting on 24 February 2010), the issue of which are subject to certain 
    vesting conditions; and 
  * 1,000,000 fully paid ordinary shares in the Company, which represents 
    approximately 0.23 per cent of the issued capital of the Company. 
 
Issue of shares 
The new ordinary shares issued by the Company will rank pari passu with existing 
ordinary  shares in the Company  and an application has  been made for these new 
ordinary  shares to be admitted to trading on AIM, which is expected to occur on 
or around 19 December 2011. 
 
Following  the exercise of the  options and issue of  shares detailed above, the 
Company's  issued capital now comprises of 442,128,231 ordinary shares at no par 
value. 
 
Mr Gordon Galt 
The Company was also informed that on 13 December 2011, Mr Gordon Galt, non- 
executive chairperson of the Company disposed of 125,000 shares at a price of 
A$1.38 per share. 
 
Accordingly,  following the above  transaction, Mr Galt  and his related parties 
hold the following interests in the Company: 
  * 2,131,236 ordinary shares in the Company, which represents approximately 
    0.48 per cent of the issued share capital of the Company; and 
  * 1,500,000 ordinary shares in the Company pursuant to the Company's Employee 
    and Directors Share Plan (which was approved by shareholders at a general 
    meeting on 24 February 2010), the issue of which are subject to certain 
    vesting conditions. 
 
 
For further information contact: 
 
 
Discovery Metals Limited 
Brad Sampson 
Managing Director 
Tel: +617 3218 0222 
 
 
 
Fairfax I.S. PLC 
Ewan Leggat / Laura Littley 
Tel: +44 (0)20 7598 5368 
 
 
 
Tavistock 
Jos Simson / Emily Fenton 
Tel: +44 (0) 207 9203150 
Mobile: +44 (0)7899 870 450 
 
 
Further information on the Company is available on its website: 
www.discoverymetals.com 
 
 
 
Attachment: Directors' Shareholding & Issue of Equity: 
http://hugin.info/137928/R/1571199/488665.pdf 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Discovery Metals Limited via Thomson Reuters ONE 
 
[HUG#1571199] 
 

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