EQUATORIAL RESOURCES LIMITED — Director's Dealing 2015

Dec 16, 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	EQUATORIAL RESOURCES LIMITED
ABN	50 009 188 694

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	John WELBORN
Date of last notice	5 February 2015

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 and indirect	Direct and indirect
Nature of indirect interest	Welborn Family Trust (beneficial interest)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	16 December 2015
No. of securities held prior to change	A.	6,000,000 (held directly & indirectly)
	B.	1,000,000 (held directly)
	C.	2,000,000 (held indirectly)
Class	A.	Fully paid ordinary shares
	B.	Performance rights expiring 31 December
		2016
	C.	Incentive options exercisable at $0.46 each
		expiring 16 December 2015
Number acquired	Nil
Number disposed	2,000,000 incentive options exercisable at $0.46
	each expiring 16 December 2015
Value/Consideration	Nil
Note: If consideration is non‐cash, provide details and estimated
valuation

• 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 after change A. 6,000,000 (held directly & indirectly) B. 1,000,000 (held directly) C. Nil Nature of change Expiry of incentive options. 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.

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation to whichthe interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non‐cash, provide details and an estimatedvaluation	Not applicable
Interest after change	Not applicable

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above tradedduring a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceedduring this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011