CARNAVALE RESOURCES LIMITED — Director's Dealing 2013

Feb 21, 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 30/9/2001.

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	15 February 2013

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	Vienna Holdings Pty Ltd - Mr Gajewski is a
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	director and controlling shareholder.
interest.
Date of change	19 and 20 February 2013.
No. of securities held prior to change
4,240,744 ordinary fully paid shares	Vienna Holdings Pty Ltd.
3,665,344 listed options (CAVO).
Class	Fully paid ordinary shares (CAV).
Number acquired
146,499 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
	$3,662.47

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

4,387,243 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.

==> picture [434 x 320] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/A.Nature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

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 2

11/3/2002