BCI MINERALS LIMITED — Director's Dealing 2009

Jul 20, 2009

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	Anthony Kiernan
Date of last notice	14 October 2008

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	1) Direct
	2) Indirect
Nature of indirect interest	(2) Central Manhattan Pty Ltd – a company
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	in which the director has a controllinginterest.
Date of change	20 July 2009
No. of securities held prior to change	1) 180,000 BCI and 750,000 BCIAM
	2) 178,026 BCI
Class	(a) Fully paid ordinary shares (BCI)
	(b) Unlisted directors options expiring 15 Dec 09
	at 25 cents (BCIAM)
Number acquired	2) 10,000 BCI
Number disposed	-
Value/Consideration	$10,364
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1) 180,000 BCI and 750,000 BCIAM2) 188,026 BCI
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market trade

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.

Detail of contract	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002