EQ RESOURCES LIMITED — Director's Dealing 2006

Aug 1, 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	Icon Resources Ltd (ASX Code: III)
ABN	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	John Richard Bishop
Date of last notice	9 June 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 Sarah Victoria Bishop, spouse of J R Bishop
Date of change	1 August 2006
No. of securities held prior to change	1,542,857 shares in the name of J R Bishop 500,000 options with an exercise price of 30 cents and an expiry date of 8 March 2001 in the name of J R Bishop 1,552,857 shares in the name of Sarah Victoria Bishop
Class	Fully paid ordinary
Number acquired	19,300
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$2,991.50

⁺ See chapter 19 for defined terms.

No. of securities held after change	1,542,857 shares in the name of J R Bishop 500,000 options with an exercise price of 30 cents and an expiry date of 8 March 2001 in the name of J R Bishop
	1,572,157 shares in the name of Sarah Victoria Bishop
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Shares purchased on market

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 - 2 August 2006

$\div$ See chapter 19 for defined terms.