CORE LITHIUM LTD — Director's Dealing 2011

Nov 22, 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	Core Exploration Limited
ABN	80 146 287 809

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	Stephen Biggins
Date of last notice	28 June 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 relevantinterest.	1. Mr Biggins is a director of and hasabeneficialinterestintheregisteredholderNowakInvestments Pty Ltd ATF TheNowakSuperannuationFund(Nowak)2. Mr Biggins is a director of and hasabeneficialinterestintheregistered holder Genex ResourcesPty Ltd ATF Biggins ResourcesFamilyTrust(Genex)
Date of change	Between 18 November 2011 and 21November 2011
No. of securities held prior to change	5,791,000 shares held by Nowak3,000,000 options held by Nowak
Class	Shares - Fully paid ordinary sharesOptions - Unlisted options exercisable at$0.25 expiring 30 June 2014
Number acquired	150,000 shares
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$12,675
No. of securities held after change	5,791,000 shares held by Nowak150,000 shares held by Genex3,000,000 options held by Nowak
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	On-market purchase

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

	Part 3 –+Closed period
	Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
	If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
		N/A
	If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011