CARBINE RESOURCES LIMITED — Director's Dealing 2011

Aug 11, 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 CARBINE RESOURCES LIMITED

ABN 81 122 976 818

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 Paul Kitto
Date of last notice	3 September 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	Indirect
Nature of indirect interest	Precambrian Pty Ltd <Kitto & Shepherd
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	Superannuation Fund A/c>
interest.
Date of change	10 August 2011
No. of securities held prior to change	Indirectly:
	2,200,000 Fully Paid Ordinary Shares.
	1,250,000 Listed Options exercisable at
	$0.15 each, expiring 31 July 2011
	1,000,000 Unlisted Directors Options
	expiring 24 August 2013 @ $0.30 each
	1,000,000 Unlisted Directors Options
	expiring 24 August 2013 @ $0.40 each
Class	Fully Paid Ordinary Shares
	Listed Options exercisable at $0.15 each,
	expiring 31 July 2011
	Unlisted Directors Options expiring 24
	August 2013 acquired 27 August 2010
Number acquired	Indirectly:
	1,000,000 Ordinary fully paid shares (upon
	exercise of options)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

	Number disposed	Number disposed	Number disposed	1,000,000 Options (exercised)	1,000,000 Options (exercised)	1,000,000 Options (exercised)	1,000,000 Options (exercised)
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation			$150,000
	No. of secu	rities held after change		Indire	ctly:
				3,200,1,000,	000 Fully Paid Ordinar000 Unlisted Directors	y Shares.Options
			0	expiri1,000,	ng 24 August 2013 @ $ 000 Unlisted Directors	0.30 eachOptions
				expiri	g 24 August 2013 @	0.40 each
	Nature of	change		Exerci	se of 31.07.2011 option	s @ $0.15
	Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back			each.

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.

Det	Det
	Det	ail of contract		N/A
	Na	ture of interest		N/A
	Na	me of registered	holder	N/A
	(if	ssued securities	)
	Da	e of change		N/A
	No.wh	and class oich interest re	f securities tolated prior to	N/A
	chaNote:	ngeDetails are only required	for a contract in relation
	to wh	ich the interest has chang	ed
	Int	erest acquired		N/A
	Int	erest disposed		N/A
	Val	ue/Consideratio	n	N/A
	Noteand	: If consideration is non estimated valuation	n-cash, provide details
	Interest after change			N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002