GOLD MOUNTAIN LIMITED — Director's Dealing 2011

Dec 29, 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 30/09/01; Amended 01/01/11

Name of entity Commissioners Gold Limited (ASX Code: CGU) ABN 79 115 845 942

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	Robert J Waring
Date of last notice	5 September 2011 – Appendix 3X

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Nadia Waring (spouse)Warinco Services Pty Limited(RJW is a 50% shareholder and Director)
Date of change	23 December 2011
No. of securities held prior to change	Robert J Waring – 10,000 sharesNadia Waring – 10,000 sharesWarinco Services Pty Limited – 20,000shares
Class	Ordinary Shares
Number acquired	35,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$2,835 at a price $0.081 each.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Robert J Waring – 10,000 shares Nadia Waring – 10,000 shares No. of securities held after change Warinco Services Pty Limited – 55,000 shares Nature of change Example: on-market trade, off-market trade, exercise of On-market purchase options, issue of securities under dividend reinvestment plan, participation in buy-back

In addition, RJ Waring is a Director and substantial shareholder in, but he does not have a relevant interest in, Spencer Hamilton Limited, a company which holds 260,000 ordinary shares in Commissioners Gold Limited and in Oakhill Hamilton Pty Ltd, a company which holds 10,000 ordinary shares in Commissioners Gold Limited.

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	None
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation towhich the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

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 toproceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

Appendix 3Y – 30 December 2011 RJW

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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