EASTERN RESOURCES LIMITED — Director's Dealing 2014

Apr 16, 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Michael H Giles
Date of last notice	2 April 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	16 April 2014
No. of securities held prior to change	14,310,000 ordinary shares – indirect
Class	Fully paid ordinary shares
Number acquired	2,400,000
Number disposed	‐
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$100,800
No. of securities held after change	16,710,000 ordinary shares – indirect

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Shares issued pursuant to exercise of calloption.

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	Call option for Harland Capital Fund LLC to acquireshares at $0.042per share.
Nature of interest	Indirect
Name of registered holder(if issued securities)	NA.
Date of change	16 April 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	Call option for 9,700,000 ordinary shares expiring 5May 2014.
Interest acquired	Expiry date on call option extended from 5 May 2014to 30 June 2014.
Interest disposed	Harland Capital Fund LLC was issued 2,400,000ordinary shares pursuant to the partial exercise ofthis option on 16 April 2014.
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	$100,800
Interest after change	Call option for Harland Capital Fund LLC to acquire7,300,000 shares at $0.042 per share expiring 30 June2014

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?	YesIssued during closed period
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Yes
If prior written clearance was provided, on what date was thisprovided?	14 April 2014

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011