GEOPACIFIC RESOURCES LTD — Director's Dealing 2011

Dec 21, 2011

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 30/9/2001.

Name of entity Geopacific Resources NL ACN 003 208 393

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	Ian N A Simpson
Date of last notice	2 August 2010

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 or indirect interest	Direct and Indirect	Direct and Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Shares held by Mrs TT Simpson
	Date of change		21 December 2011
	No. of securities held prior to change		Directly658,539 ordinary shares60,000 options expiring 16 December 2011with an exercise price $0.30 per share500,000 options expiring 1 August 2013 withan exercise price of $0.50 per share.Indirectly36,380 ordinary shares2,845 options expiring 16 December 2011with an exerciseprice$0.30 per share
	Class		Ordinary shares
	Number acquired		Directly
			60,000
	Number disposed		Indirectly
			2,845 opti	ons expiring 16 December 2011
			with an ex	erciseprice $0.30per share lapsed

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

			ons expiring 16 Decemberrcise price $0.30 per sharesharesexpiring 1 August 2013 with	ons expiring 16 Decemberrcise price $0.30 per sharesharesexpiring 1 August 2013 with
Value/ConsiderationNote: If consideration is non-cash, provide details	and estimated valuation	Exercise of opti2011 with an exe	ons expiring 16 Decemberrcise price $0.30 per share
No. of securities held after chang	e	Directly718,539 ordinary500,000 options	sharesexpiring 1 August 2013 with
		an exercise priceIndirectly36,380 ordinary s	of $0.50 per share.hares
Nature of changeExample: on-market trade, off-market trade, exesecurities under dividend reinvestment lan artic		Allotment of sha	res on exercise of options.
	rcise of options, issue ofiation in bu-back
p, pp y

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 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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	NO
If so, was prior written clearance provided toallow the trade to proceed during thisperiod?	-
If prior written clearance was provided, onwhat date was this provided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002