CARBINE RESOURCES LIMITED — Director's Dealing 2014

Nov 18, 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	10 April 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	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Securities held by FJB & Associates Trust.Mr Walta is the trustee of FJB &Associates Trust.
Date of change	17 November 2014
No. of securities held prior to change	Nil
Class	Unlisted options
Number acquired	2,500,000 unlisted options exercisable at$0.0496 each expiring 17 November 20172,500,000 unlisted options exercisable at$0.10 each expiring 17 November 2017
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	2,500,000 unlisted options exercisable at$0.0496 each expiring 17 November 20172,500,000 unlisted options exercisable at$0.10 each expiring 17 November 2017

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change	Issueof	unlisted	director	options
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	followingNovember	shareholder2014	approval	on 14

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	No change
(if issued securities)
Date of change	No change
No. and class of securities to which	No change
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	No change
Interest disposed	No change
Value/Consideration	No change
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	Mr Walta has an interest as a shareholder and
	director of Raging Bull Mining Pty Ltd (“RBM”)
	which has entered into an Agreement with the
	Company (see ASX announcement 3 April 2014).
	Pursuant to the Agreement, RBM may be issued
	shares upon reaching certain milestones. No
	securities haveyet been issued.

Part 3 –[+] Closed period

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