BCI MINERALS LIMITED — Director's Dealing 2011

Jul 20, 2011

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 Young
Date of last notice	6 July 2011

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) Direct2) Indirect	1) Direct2) Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving	(2) Mr MC Young and Mrs JT Young<M&J Young Super Fund A/C> (director istrustee and beneficiary)
	rise to the relevant interest.
	Date of change	18 July 2011
	No of securities held rior to chane	1 (a) 1000000 BCI
	. p g	,,2 (a) 145,834 BCI
		2 (b) 250,0002(c)250,000
	Class	(a) Fully paid ordinary shares (BCI)
		(b) Unlisted MD options expiring 15 Aug 11 at$1.85(c) Unlisted MD options expiring 15 Aug 11 at$2.00
	Number acquired	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	2(a) 18,000
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	2(a) $51,391.70 ($2.8833 per share)
No. of securities held after change	1 (a) 1,000,000 BCI2 (a) 127,834 BCI2 (b) 250,0002 (c) 250,000
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	On market trade to fund taxation and otherfinancial obligations.

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