CASSIUS MINING LIMITED — Director's Dealing 2008

Oct 22, 2008

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 GULF RESOURCES LTD ABN 13 115 027 033

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	Wayne John Kernaghan
Date of last notice	30/6/08

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	WJK Investments – Superannuation Fund
Date of change	22/10/08
No. of securities held prior to change	6,668,637 shares 2,650,492 listed options expiring 30 June 2011 1,000,000 performance rights 3,334,318 listed options expiring31 December 2009
Class	Shares
Number acquired	41,368
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$2,110

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	6,710,005 shares
No. of securities held after change	2,650,492 listed options expiring 30 June 2011 1,000,000 performance rights
	3,334,318 listed options expiring 31 December 2009
Nature of change
Example: on-market trade, off-market trade, exercise	On-market trade
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.

Detail of contract 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002