BCI MINERALS LIMITED — Director's Dealing 2007

Aug 15, 2007

Appendix 3Y Change of Director’s Interest Notice

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	BC Iron Limited
ABN	21 120 646 924

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	Michael CharlesYoung
Date of last notice	26/03/2007

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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.
Date of change	16/08/2007
No. of securities held prior to change	a)198,000b)500,000c)500,000
Class	a)Ordinary fully paid shares (BCI)b)Unlisteddirector’soptionsexpiring15/12/2009 at 25 cents (BCIAM)c)Unlisteddirector’soptionsexpiring15/12/2009 at 30 cents (BCIAO)
Number acquired	a) 11,000b) n/ac)n/a
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.01 per share
No. of securities held after change	a)209,000b)500,000c)500,000
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	On market trade

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001