AIC MINES LIMITED — Director's Dealing 2013

Jan 23, 2013

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 Intrepid Mines Limited ABN 11 060 156 452

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 Bradley Austin Gordon Date of last notice 24 January 2013

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 circumstancesgiving rise to the relevant interest.	Ordinary shares held by The Gordon SuperFund of which the Director is a trustee.
Date of change	21 January 2013
No. of securities held prior to change	Direct: 235,295 ordinary shares1,500,000 unlisted restricted share rightsIndirect: 1,500,000 ordinary shares
Class	Ordinary shares and unlisted restricted sharerights
Number acquired	Nil
Number disposed	1,500,000 unlisted restricted share rightslapsed as vestingconditions not met.
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	N/A

No. of securities held after change Direct: 235,295 ordinary shares Indirect: 1,500,000 ordinary shares Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under 1,500,000 unlisted restricted share rights dividend reinvestment plan, participation in lapsed as vesting conditions not met. buy-back

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.

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----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 – Closed period

Were the interests in the securities or contracts detailed No above traded during a closed period where prior written clearance was required? 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?

24 January 2013