ECOGRAF LIMITED — Director's Dealing 2014

Mar 10, 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: 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	Mr Andrew Spinks
Date of last notice	29 January 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	(a) Andrew Spinks <AS Gold Super
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Fund> - Andrew Spinks is Trustee andbeneficiary
	(b) Strategic Resource Management Pty
	Ltd - Andrew
	Spinks is a director and beneficiary
Date of change	11 March 2014
No. of securities held prior to change	(a) Andrew Spinks <AS Gold Super
	Fund> - Andrew Spinks is Trustee and
	beneficiary
	3,335,886 ordinary shares
	(b) Strategic Resource Management Pty
	Ltd - Andrew
	Spinks is a director and beneficiary
	13,129,500 ordinary shares
Class	Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	88,964 ordinary shares	88,964 ordinary shares
Number disposed	Nil
Value/Consideration	$11,676
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	(c)	Andrew Spinks <AS Gold Super
		Fund> - Andrew Spinks is Trustee and
		beneficiary
		3,424,850 ordinary shares
	(d)	Strategic Resource Management Pty
		Ltd - Andrew
		Spinks is a director and beneficiary
		13,129,500 ordinary shares
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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3