CAPRICORN METALS LTD — Director's Dealing 2013

Dec 5, 2013

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 MALAGASY MINERALS LIMITED ABN 84 121 700 105

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	PETER J WOODS
Date of last notice	21 November 2012

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 WOODSSUPER FUND A/C>Trustee & Beneficiary
Date of change	5 December 2013
No. of securities held prior to change	INDIRECT1,100,000 SHARES500,000 20c OPTIONS EXPIRE 1/12/20132,000,000 15c OPTIONS EXPIRE30/11/2016
Class	ORDINARY SHARES
Number acquired	761,860
Number disposed	NIL
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand estimated valuation	315,942 @ $0.0345 PER SHARE445,918 @ $0.0245 PER SHARE
No. of securities held after change	INDIRECT1,861,860 SHARES500,000 20c OPTIONS EXPIRE 1/12/20132,000,000 15c OPTIONS EXPIRE 30/11/2016

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change ISSUED PURSUANT TO SHAREHOLDER APPROVAL Example: on‐market trade, off‐market trade, RECEIVED 27 NOVEMBER 2013 exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐ back

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.

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

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