CAULDRON ENERGY LIMITED — Director's Dealing 2011

Feb 10, 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 30/9/2001.

Name of entity	Cauldron Energy Limited
ABN	22 102 912 783

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	Kent Michael Hunter
Date of last notice	29 September 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 (1) Indirect (3)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Shares owned by Kouta Bay Pty Ltd ATF Houndy Family Trust>, a company in which Mr Hunter has a relevant interest Indirect (2): Shares owned by Mining Corporate Advisory Services Pty Ltd, a company in which Mr Hunter has a relevant interest. Indirect (3): Shares owned by Generation Capital Pty Ltd, a company in which Mr Hunter has a relevant interest.
Date of change	7 to 11 February 2011

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct: 15,000 Ordinary Fully Paid Shares 1,500 Options exercisable at $0.45 on or before 31 October 2012 Indirect (1): 3,895,027 Ordinary Fully Paid Shares 300,000 Options exercisable at $0.60 on or before 30 November 2011 300,000 Options exercisable at $0.80 on or before 30 November 2011 389,504 Options exercisable at $0.45 on or before 31 October 2012 Indirect (2): 110,000 Ordinary Fully Paid Shares 11,000 Options exercisable at $0.45 on or before 31 October 2012
Class	Fully Paid Shares
Number acquired	Indirect (1): 82,034 Indirect (3): 199,500
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Indirect (1): $27,142 Indirect (3): $68,633

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct: 15,000 Ordinary Fully Paid Shares 1,500 Options exercisable at $0.45 on or before 31 October 2012 Indirect (1): 3,977,061 Ordinary Fully Paid Shares 500,000 Options exercisable at $0.80 on or before 30 November 2010 300,000 Options exercisable at $0.60 on or before 30 November 2011 300,000 Options exercisable at $0.80 on or before 30 November 2011 389,504 Options exercisable at $0.45 on or before 31 October 2012 Indirect (2): 110,000 Ordinary Fully Paid Shares 11,000 Options exercisable at $0.45 on or before 31 October 2012 Indirect (3): 199,500 Ordinary Fully Paid Shares

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

On market trade

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

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Appendix 3Y Page 4