CAPRICORN METALS LTD — Director's Dealing 2010

Apr 13, 2010

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 MALAGASY MINERALS LIMITED ABN 84 121 760 105

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	DR. PETER J WOODS
Date of last notice	19/12/08

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	INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	QUANTUM HOLDINGS PTY LTD <PETER WOODS SUPERFUNDA/C>
Date of change	12/04/10
No. of securities held prior tochange	NIL
Class	SHARES
Number acquired	100,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	N/A
No. of securities held after change	100,000 SHARES500,000 20c OPTIONS EXPIRE 1/12/13
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	OFF MARKET TRANSFER

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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 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

14/04/10

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002