EASTERN RESOURCES LIMITED — Director's Dealing 2014

Dec 18, 2014

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 Eastern Iron Limited ABN 70 126 678 037

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	Mr Michael H Giles
Date of last notice	21 November 2014

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.	Harland Capital Fund LLCMr Giles is the CEO of Harland Group PtyLtd which is the managing member ofHarland Capital Fund LLC.
Date of change	19 December 2014
No. of securities held prior to change	16,901,378 ordinary shares – indirect450,000 unlisted options ‐ indirect
Class	Fully paid ordinary shares
Number acquired	3,500,000
Number disposed	‐
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$147,000 ($0.042 per share)
No. of securities held after change	20,401,378 ordinary shares – indirect450,000 unlisted options ‐ indirect

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Placement of shares to a company Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in associated with a Director as approved by buy‐back shareholders at the Company’s AGM held on 19 November 2014.

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	Agreement for Harland Capital Fund LLC topurchase 3,500,000 ordinary shares at $0.042 pershare subject to shareholder approval at the 2014Annual General Meeting scheduled for 19 November2014.
Nature of interest	Indirect. Mr Giles is the CEO of Harland Group PtyLtd which is the managing member of HarlandCapital Fund LLC
Name of registered holder(if issued securities)	Harland Capital Fund LLC
Date of change	19 December 2014
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	Right to purchase 3,500,000 ordinary shares at$0.042 per share subject to shareholder approval
Interest acquired	NA
Interest disposed	Right exercised and shares issued. Agreement nowfulfilled.
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	Nil
Interest after change	Nil

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?	NA
If so, was prior written clearance provided to allow the tradeto proceed during this period?	NA
If prior written clearance was provided, on what date was thisprovided?	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011