DOTZ NANO LIMITED — Director's Dealing 2011

Dec 11, 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: NORTHERN IRON LIMITED

ABN: 71 125 264 575

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	JOHN SANDERSON
Date of last notice	20 MAY 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.

	Name of Director		JOHN SANDERSON	JOHN SANDERSON	JOHN SANDERSON
	Date of last notice		20 MAY 2010
Part 1 - Change of director’s rIn the case of a trust, this includes interests iNote: In the case of a company interests which co		elevant interests in securitiesn the trust made available by the responsible entity of the trustme within paragraph (i) of the definition of “notifiable interest of a director” should be
,disclosed in this part.
Direct or indirect interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances gi
	Direct or indirect interest			Direct
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances gi	ving rise to the relevant		N/A
	interest.
	Date of change			9 December 2011
	No. of securities held prior to	change		**Shares:**40,000
				**Options:**1,500,000
	Class			SharesFully Paid Ordinary Shares
				Options1500000 Ulitd Oti ti
					, .b) 500,000 @ $2.50c) 500,000 @ $3.00
	Number acquired			Shar	**es:**140,000
	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 $98,000 (excluding brokerage) Note: If consideration is non-cash, provide details and estimated valuation

No. of securities held after change Shares: 180,000 Options: 1,500,000 Nature of change On-market trade. Example: on-market trade, off-market trade, 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(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contractsdetailed above traded during a+closed periodwhereprior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on whatdate was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011