EQ RESOURCES LIMITED — Director's Dealing 2013

Mar 17, 2013

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18 March 2013

Mr. Anthony Ingegneri Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Anthony,

Carbine Tungsten Limited ( ASX:CNQ ) (the Company) regrets the late lodgement of the attached Appendix 3Y, Change of Director’s Interest Notice, relating to Anthony James Morgan. The oversight was due to an administrative and technological error.

To ensure ongoing disclosure obligations under listing rule 3.19A.2, the Company has updated its procedures to ensure Appendix 3Y lodgements are made within 5 days of a change to a Director’s interest. The Company believes its current arrangements are now adequate to ensure compliance with Listing Rule 3.19B.

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Tom Bloomfield Company Secretary

Carbine Tungsten Limited ACN 115 009 106

Registered Office & Principal Place of Business: 50 Scott Street, Bungalow, Cairns QLD 4870, Tel: +61 7 4052 2400, Fax: +61 7 4052 2444

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 CARBINE TUNGSTEN LIMITED

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 Andrew James Morgan

Date of last notice 14 December 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	1 March 2013 and 8 March 2013
No. of securities held prior to change	1,900,000 fully paid ordinary shares 1,800,000performance rights
Class	ORD
Number acquired	1 March 2013 – 136,521 8 March 2013 – 134,675
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	0.07 per share
No. of securities held after change	2,171,196 fully paid ordinary shares 1,800,000 performance rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On market purchase 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.

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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
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Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/a to proceed during this period? If prior written clearance was provided, on what date was this N/a provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011