BCI MINERALS LIMITED — Director's Dealing 2016

Apr 4, 2016

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 30/09/01 Amended 01/01/11

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	Morgan Ball
Date of last notice	27 November 2015

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	2a) Mr M Ball and Mrs L Ball Super Fund
(including registered holder)	(director is trustee and beneficiary)
Note: Provide details of the circumstances giving rise to the relevantinterest.	2b) Mrs L Ball
Date of change	30 March 2016
No. of securities held prior to change	1) 829,188 Performance Rights
	2a) 58,000 Ordinary Shares
	2b)132,990 OrdinaryShares
Class	Fully paid ordinary shares (BCI)
	Performance Rights(BCI)
Number acquired	2a) 100,000 Ordinary Shares
Number disposed	2b) 100,000 Ordinary Shares
Value/Consideration	$16,500.00 ($0.165 per share)
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	No. of securities held after change	1) 829,188 Performance Rights2a) 158,000 Ordinary Shares2b) 32,990 Ordinary Shares
		2a) 158,000 Ordinary Shares2b) 32,990 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back		Off market transfer from indirect personal holdingto personal superannuation fund.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011