CASSIUS MINING LIMITED — Director's Dealing 2011

Oct 5, 2011

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 GULF INDUSTRIALS LIMITED 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	Sir Samuel Esson Jonah
Date of last notice	28 April 2011

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.	Jonah Capital BVI Limited
Date of change	30/09/11
No. of securities held prior to change	60,000,000 fully paid ordinary shares 15,000,000 unlisted options exercisable at $0.05 expiring 31 March 2014 4,000,000 unlisted options exercisable at $0.086 expiring 31 March 2014
Class	Shares and Options
Number acquired	57,600,000 fully paid ordinary shares 57,600,000 options exercisable at $0.025 expiring 31 December 2012
Number disposed	‐
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	$1,440,000

+ See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	117,600,000 fully paid ordinary shares 15,000,000 unlisted options exercisable at $0.05 expiring 31 March 2014 4,000,000 unlisted options exercisable at $0.086 expiring 31 March 2014 57,600,000 options exercisable at $0.025 expiring 31 December 2012	117,600,000 fully paid ordinary shares 15,000,000 unlisted options exercisable at $0.05 expiring 31 March 2014 4,000,000 unlisted options exercisable at $0.086 expiring 31 March 2014 57,600,000 options exercisable at $0.025 expiring 31 December 2012
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back		Issue of shares and options as approved by shareholders at the General Meeting held on 26/09/11

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	‐

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	Not applicable
If so, was prior written clearance provided to allow the trade to proceed during this period?	‐
If prior written clearance was provided, on what date was this provided?	‐

+ See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1