GRANGE RESOURCES LIMITED. — Director's Dealing 2009

Dec 16, 2009

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.

Introduced 30/9/2001.
Name of entity	GRANGE RESOURCES LIMITED
ABN	80 009 132 405

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	Russell St John Clark
Date of last notice	18 December 2008

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	7 December 2009
No. of securities held prior to change	1,500,000 - $2.05 Options expiring 6 March 20121,500,000 - $3.00 Options expiring 6 March 20121,500,000 - $3.50 Options expiring 6 March 2012
Class	Ordinary Fully Paid Shares
Number acquired	1,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Value was deemed to be $250,000 at theprevailing share price when the issue of shareswas agreed by the Board.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1,000,000 Ordinary Fully Paid Shares 1,500,000 - $2.05 Options expiring 6 March 2012 1,500,000 - $3.00 Options expiring 6 March 2012 1,500,000 - $3.50 Options expiring 6 March 2012 Nature of change Shares were issued in accordance with a

Example: on-market trade, off-market trade, exercise of options, issue of resolution passed by shareholders at the Annual securities under dividend reinvestment plan, participation in buy-back General Meeting held on 25 November, 2009.

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.

==> picture [434 x 331] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

Dated: 17 December 2009

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002