ALCIDION GROUP LIMITED — Director's Dealing 2012

Oct 24, 2012

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25th of October 2012

Australian Securities Exchange

Level 8 Exchange Plaza,

2 The Esplanade PERTH WA 6000

INITIAL DIRECTOR S’ INTEREST NOTICE – APPENDIX 3X

Please find enclosed the initial interests of George Cameron-Dow, Christian Cordier and Gavin Wates

as recently appointed Non-Executive Directors of Naracoota Resources Limited.

For and on behalf of the board of Naracoota Resources Limited.

Josh Puckridge,

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Company Secretary

Naracoota Resources Ltd

Appendix(3X( Initial(Director’s(Interest(Notice(

Rule%3.19A.1

Appendix 3X

Initial 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 Naracoota Resources Limited

ABN 77 143 142 410

We!(the!entity)!give!ASX!the!following!information!under!listing!rule!3.19A.1!and!as! agent!for!the!director!for!the!purposes!of!section!205G!of!the!Corporations!Act.!!!

Name of Director	GeorgeCameronIDow
Date of appointment	23/10/12

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.!

Number & class of securities

Nil.

+!See!chapter!19!for!defined!terms.!

Appendix!3X!!Page!1!

11/3/2002!

Appendix(3X( Initial(Director’s(Interest(Notice(

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In%the%case%of%a%trust,%this%includes%interests%in%the%trust%made%available%by%the%responsible%entity%of%the%trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrisetotherelevantinterest.Nil.	Number & class of SecuritiesNil.

Part 3 – 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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+!See!chapter!19!for!defined!terms.!

Appendix!3X!Page!2!

11/3/2002!

Appendix(3X( Initial(Director’s(Interest(Notice(

Rule%3.19A.1

Appendix 3X

Initial 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 Naracoota Resources Limited

ABN 77 143 142 410

We!(the!entity)!give!ASX!the!following!information!under!listing!rule!3.19A.1!and!as! agent!for!the!director!for!the!purposes!of!section!205G!of!the!Corporations!Act.!!!

Name of Director	ChristianCordier
Date of appointment	23/10/12

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.!

Number & class of securities

Nil

+!See!chapter!19!for!defined!terms.!

Appendix!3X!!Page!1!

11/3/2002!

Appendix(3X( Initial(Director’s(Interest(Notice(

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In%the%case%of%a%trust,%this%includes%interests%in%the%trust%made%available%by%the%responsible%entity%of%the%trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrisetotherelevantinterest.Coreks Super Pty LtdDirector, Controller and Beneficiary	Number & class of Securities8,285,714 Fully Paid Ordinary Shares

Part 3 – 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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+!See!chapter!19!for!defined!terms.!

Appendix!3X!Page!2!

11/3/2002!

Appendix(3X( Initial(Director’s(Interest(Notice(

Rule%3.19A.1

Appendix 3X

Initial 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 Naracoota Resources Limited

ABN 77 143 142 410

We!(the!entity)!give!ASX!the!following!information!under!listing!rule!3.19A.1!and!as! agent!for!the!director!for!the!purposes!of!section!205G!of!the!Corporations!Act.!!!

Name of Director	GavinWates
Date of appointment	23/10/12

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.!

Number & class of securities

Nil

+!See!chapter!19!for!defined!terms.!

Appendix!3X!!Page!1!

11/3/2002!

Appendix(3X( Initial(Director’s(Interest(Notice(Initial(Director’s(Interest(Notice(

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In%the%case%of%a%trust,%this%includes%interests%in%the%trust%made%available%by%the%responsible%entity%of%the%trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrisetotherelevantinterest.Upsky Equity Pty Ltd<Upsky Investments A/C>Director, Controller and Beneficiary	Number & class of Securities1,678,176 Fully Paid Ordinary Shares1,574,676 listed company options exercising at$0.09 expiring 30/09/2015 (NRRO)

Part 3 – 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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+!See!chapter!19!for!defined!terms.!

Appendix!3X!Page!2!

11/3/2002!