CARNAVALE RESOURCES LIMITED — Director's Dealing 2012

Feb 20, 2012

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 - CARNAVALE RESOURCES LIMITED

ABN: 49 119 450 243

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	RON GAJEWSKI
Date of last notice	10 March 2010

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 giving rise to the relevant interest.	Vienna Holdings Pty Ltd - Mr Gajewski is a director and controlling shareholder.
Date of change	15 February 2012 and 21 February 2012.
No. of securities held prior to change 3,665,344 ordinary fully paid shares 3,665,344 listed options (CAVO).	Vienna Holdings Pty Ltd.
Class	Fully paid ordinary shares (CAV).
Number acquired 221,899 ordinary fully paid shares (CAV).	Vienna Holdings Pty Ltd.
Number disposed	N/A.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$7,544.57

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

3,887,243 ordinary fully paid shares. Vienna Holdings Pty Ltd. 3,665,344 listed options (CAVO). On – market trade.

Nature of change

Example: on-market trade, off-market trade, 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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Detail of contract N/A.
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
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Part 3 – Closed Period

Were the interests in the securities or No. contracts detailed above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided N/A. to allow the trade to proceed during this period? If prior written clearance was provided, on N/A. what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

11/3/2002