DISCOVERY ALASKA LIMITED — Director's Dealing 2012

Sep 10, 2012

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Baru Resources Limited

ACN 147 324 847 ABN 50 147 324 847 Level 4, 100 Albert Road, South Melbourne, VIC 3205 Phone : (03) 9692 7222 Fax : (03) 9077 9233 Email : generaladmin@baru.com.au Website : www.baru.com.au

11 September 2012

Appendix 3Y

Board of Directors

Peter Avery (Non-executive Chairman) Kevin Nichol (Executive Director) Andrew Bald (Non-executive Director)

Company Secretary

Baru Resources Limited (‘Baru’, ’the Company’), wishes to advise of the attached Appendix 3Y for the acceptance of options by Mr Peter Avery during the Company’s entitlement offer in January 2012 and notes that due to an administrative oversight this notice was not previously lodged. It is noted that Mr Avery accepted an entitlement of 1,500,001 BACO options and the attached form now reflects this change.

Melanie Leydin

Securities on Issue:

BAC: 49,796,009 ordinary shares BACO: 42,898,005 options

The Company believes that it has sufficient measures in place to ensure that these notices are lodged in time to meet its obligations under Listing Rules 3.19A.

For further information:

Melanie Leydin Company Secretary

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	Baru Resources Limited
ABN	50 147 324 847

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	Peter Avery
Date of last notice	21 September 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	Direct / Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Dawesville Nominees Pty Ltd <SuperannuationFund>.Mr Avery is a Director of Dawesville NomineesPty Ltd and a beneficiary of the superannuationfund.
Date of change	1 February 2012
No. of securities held prior to change	3 fully paid ordinary sharesDawesville Nominees Pty Ltd3,000,000 – fully paid ordinary shares
Class	Options exercisable at $0.20 on or before 23December 2016
Number acquired	1,500,001
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/Consideration	Value/Consideration			$1,500
Note: If consideration		is non-cash, provide	details
and estimated valuation
No. of securities held after change				3 fully paid ordinary shares
				Dawesville Nominees Pty Ltd
				3,000,000 – fully paid ordinary shares
				1,500,001 options exercisable at $0.20 on or
				before 23 December 2016
Nature of	change			Acceptance of pro-rata non-renounceable option
Example:	on-market	trade,off-market	trade,	entitlement issue.
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.

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

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above	N/A
traded during a+closed period where prior written clearance was
**required? **
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011