EQ RESOURCES LIMITED — Director's Dealing 2006

Sep 12, 2006

Appendix 3Y

Rule 3.19A.2

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 30/9/2001.

Name of entity	∟lcon Resources Ltd (ASX Code: III)
ABN	l 77 115 009 106

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	Stephen Bartrop
Date of last notice	9 August 2006

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.	Shares purchased by Troppo Resources Pty Ltd, a company associated with Stephen Bartrop
Date of change	7 September 2006
No. of securities held prior to change	90,000 shares in the name of S Bartrop 4,692,888 shares in the name of Troppo
Class	Fully paid ordinary
Number acquired	70,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$10,750
No. of securities held after change	90,000 shares in the name of S Bartrop
	4,762,888 shares in the name of Troppo

⁺ See chapter 19 for defined terms.

Nature of change	Shares purchased on market
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buv-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	None
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
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Appendix 3Y - 13 September 2006

$\overline{\text{+ See chapter 19}}$ for defined terms.