EQ RESOURCES LIMITED — Director's Dealing 2015

Dec 17, 2015

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 10 December 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	18 December 2015
No. of securities held prior to change	5,798,801 fully paid ordinary shares2,000,000 unlisted ordinary options withan exercise price of $0.20 and expiring on12 November 2017.
Class	Ordinary fully paid shares
Number acquired	200,000 ordinary fully paid shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$5,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held a					ary sharesary options with96 and expiring
	fter change		5,998,802,000,00an exerc	1 fully paid ordin0 unlisted ordinise price of $0.1
			on 12 No	vember 2017.
Nature of changeExample: on‐market trade,issue of securities under dividbuy‐back
	off‐market trade, exercisend reinvestment lan	e of options,rticiation in	Particip	ation in Entitlem	ents Offer
	p, p	p
	irector’s interest	s in contracts
	interests which come wit	hin paragraph (ii) of the defini		tion of “notifiable interest	of a director” should

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	Detail of contract	None	None	None	None	None	None	None	None
Nature of interest
		N/A
Name of registered holder(if issued securities)		N/A
Date of change		N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed		N/A
	ract in
Interest acquired		N	/A
Interest disposed		N	/A
Value/ConsiderationNote: If consideration is non‐cash, provideand an estimated valuation	dtil	N	/A
	eas
Interest after change		N	/A
Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	urities o		r contracts de		tailed	No

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?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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