ECOGRAF LIMITED — Director's Dealing 2012

Oct 28, 2012

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	Kibaran Resources Limited
ABN	15 117 330 757

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 Andrew Spinks

Date of last notice 19 September 2012

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 relevant interest.	(a)Andrew Spinks - Andrew Spinks is Trustee and beneficiary (b)Strategic Resource Management Pty Ltd - Andrew Spinks is a director and beneficiary
Date of change	(a) 26 October 2012
No. of securities held prior to change	(a) Andrew Spinks - Andrew Spinks is Trustee and beneficiary (i) 1,642,886 Ordinary Shares (ii) 1,593,000 Performance Shares (b) Strategic Resource Management Pty Ltd - Andrew Spinks is a director and beneficiary (i) 3,571,500 Ordinary Shares (ii) 9,558,000 Performance Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	(a) Ordinary Shares
Number acquired	(a) 100,000 ordinary shares
Number disposed	(a) N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(a) $15,252.50
No. of securities held after change	(a) Andrew Spinks - Andrew Spinks is Trustee and beneficiary (i) 1,742,886 Ordinary Shares (ii) 1,593,000 Performance Shares (b) Strategic Resource Management Pty Ltd - Andrew Spinks is a director and beneficiary (i) 3,571,500 Ordinary Shares (ii) 9,558,000 Performance Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trade

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and 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 detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3