BCI MINERALS LIMITED — Director's Dealing 2011

Jul 6, 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	22 November 2010

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) Mr MC Young and Mrs JT Young
(including registered holder)	<M&J Young Super Fund A/C> (director is
Note: Provide details of the circumstances giving	trustee and beneficiary)
rise to the relevant interest.
Date of change	6 July 2011
No. of securities held prior to change	1 (a) 1,127,167 BCI
	2 (a) 145,834 BCI
	2 (b) 250,000
	2(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 1(a) 127,167 Value/Consideration 1(a) $311,466.74 ($2.9237 per share) Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change 1 (a) 1,000,000 BCI 2 (a) 145,834 BCI 2 (b) 250,000 2 (c) 250,000 Nature of change On market trade to fund taxation and other Example: on-market trade, off-market trade, financial obligations. exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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 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

11/3/2002