EQ RESOURCES LIMITED — Director's Dealing 2012

Nov 25, 2012

==> picture [98 x 67] intentionally omitted <==

Carbine Tungsten Limited Strengthens Board and advises further Concentrate Shipment

The Board of Directors of Carbine Tungsten Limited (ASX Code: CNQ) is pleased to announce the appointment today of Mr Tony Gordon as a Non-Executive Director on the Board of CNQ. Mr Gordon’s extensive experience of the financial markets and marketing skills further enhances the Board’s skill sets.

Mr Gordon has over 25 years experience in financial markets primarily stockbroking and has held Directorships and Senior Management positions with a number of leading Australian stockbroking and financial services companies. Over this time Mr Gordon’s primary focus has been the listed resources sector and he brings extensive experience in Australia, Asia and North America. More recently Mr Gordon has provided advice to a number of Chinese, South East Asian and North American projects that are held by Australian Listed and un-listed entities. Mr Gordon is also currently CEO of Hanuman Investments Pty Limited which holds an AFS license, and is a principal of Brentnalls NSW Chartered Accountants.

The Board of Directors of CNQ wishes to welcome Tony to its Board and looks forward to his valued contributions by enhancing the development of the Company and its Mt Carbine operations and “Hard Rock” Tungsten projects.

The Board is also pleased to advise that a further shipment of 15 tonnes of high grade Tungsten concentrate was despatched from its Mt Carbine Tailings retreatment production plant on 22 November 2012.

The production ramp up of the Tailings retreatment plant is progressing well with further improvements in plant reliability and production rates expected over the next three months. The plant is planned to continue in production for a further two year period, during which time the Company’s “Hard Rock” project is scheduled to come into production.

Carbine Tungsten Limited

A James Morgan

CEO and Managing Director

General Enquiries:

Contact Jim Morgan on 0487 144 834

26 November 2012

Carbine Tungsten Limited

ACN 115 009 106

Cairns Office: 50 Scott Street, Bungalow, Cairns QLD 4870, Tel: +61 7 4052 2400, Fax: +61 7 4052 2444 Registered Office: Suite 505, Level 5, 35 Lime Street, Sydney NSW 2000, Tel: +61 2 9279 1252, Fax: +61 2 9279 2727

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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	Carbine Tungsten Limited (ASX Code: CNQ)
ABN	77 115 009 106

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Anthony Edward Gordon
Date of appointment	26 November 2012

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number and class of securities

Nil

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder and nature of interestNote: Provide details of the circumstances giving rise to the relevant interest.OMB Investments Pty Ltd <OMB Unit Trust A/C>Director and beneficiary of the trust	Number and class of Securities72,000 ordinary shares

Part 3 – 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)
No. and class of securities towhich interest relates

Appendix 3X – 26 Nov 12 AEG

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002