ALARA RESOURCES LIMITED — Director's Dealing 2014

May 26, 2014

Appendix 3Y Change of Director’s Interest Notice

Alara Resources Limited ABN 27 122 892 719

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 30/09/01 Amended 01/01/11

Name of entity	ALARA RESOURCES LIMITED (ASX: AUQ)
ABN	27 122 892 719

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	IAN J. WILLIAMS
Date of last notice	21 March 2014

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Securities registered in the name of:Ondine Investments Pty LtdATF Ondine Superannuation Fund
**Date of change **	25 May 2014
Class	Ordinary FullyPaid Shares	$0.60 (25 May 2014)Unlisted Options1
**No. of securities heldprior to change **	100,000	250,000
Number acquired	-	-
Number disposed	-	250,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	-	-
**No. of securities held after change **	100,000	-
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	Lapse of options on expiry date

1 Terms and conditions of issue are set out in a terms and conditions of issue are set out in a Notice of General Meeting and Explanatory Statement dated 15 April 2011 for a General Meeting held on 26 May 2011 and in an ASX Appendix 3B New Issue Announcement lodged on 27 May 2011

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y

Page 1

Detailofcontract	Notapplicable
Natureofinterest	-
Nameofregisteredholder(ifissuedsecurities)	-
Dateofchange	-
No.andclassofsecuritiestowhichinterestrelatedpriortochangeNote: Details are onlyrequired fora contract in relation to whichtheinterest has changed	-
Interestacquired	-
Interest disposed	-
Value/ConsiderationNote:Ifconsideration is non-cash, provide details andan estimated valuation	-
Interest afterchange	-

Part3-+closedperiod
Weretheinterestsinthesecuritiesorcontractsdetailedabovetradedduringa+closedperiodwherepriorwrittenclearancewasrequired?	No
Ifso,waspriorwrittenclearanceprovidedtoallowthetradetoproceedduringthisperiod?	Notapplicable
Ifpriorwrittenclearance wasprovided, onwhat date wasthis provided?	Not applicable

==> picture [46 x 32] intentionally omitted <==

==> picture [77 x 33] intentionally omitted <==