CARBINE RESOURCES LIMITED — Director's Dealing 2014

Dec 3, 2014

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	Carbine Resources Ltd
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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Patrick Walta
Date of last notice	19 November 2014

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	Direct Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	27 November 2014
No. of securities held prior to change	Indirect interest in 2,500,000 unlistedoptions exercisable at $0.0496 eachexpiring 17 November 2017Indirect interest in 2,500,000 unlistedoptions exercisable at $0.10 each expiring17November 2017
Class	Ordinary Fully Paid Shares
Number acquired	135,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5,130

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Indirect interest in 2,500,000 unlistedoptions exercisable at $0.0496 eachexpiring 17 November 2017Indirect interest in 2,500,000 unlistedoptions exercisable at $0.10 each expiring17 November 2017Direct interest in 135,000 fully paidordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On market trade

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	Agreement
Nature of interest	No change
Name of registered holder(if issued securities)	No change
Date of change	No change
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	No change
Interest acquired	No change
Interest disposed	No change
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	No change
Interest after change	Mr Walta has an interest as a shareholder anddirector of Raging Bull Mining Pty Ltd (“RBM”)which has entered into an Agreement with theCompany (see ASX announcement 3 April 2014).Pursuant to the Agreement, RBM may be issuedshares upon reaching certain milestones. Nosecurities haveyet been issued.

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?If so, was prior written clearance provided to allow the tradeto proceed during this period?If prior written clearance was provided, on what date was thisprovided?	NoN/AN/A

• See chapter 19 for defined terms.

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