GRANGE RESOURCES LIMITED. — Director's Dealing 2011

Mar 3, 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: 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	16 December 2009

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.	Not applicable
Date of change	3 March 2011
No. of securities held prior to change	1,000,000 – Ordinary Shares1,500,000 - $1.9215 Options expiring 6 March 20121,500,000 - $2.8715 Options expiring 6 March 20121,500,000 - $3.3715 Options expiring 6 March 20121,565,432 Performance Rights
Class	Ordinary Fully Paid Shares
Number acquired	355,883
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

• 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
	1,355,883 – Ordinary Shares
	1,500,000 - $1.9215 Options expiring 6 March	2012
	1,500,000 - $2.8715 Options expiring 6 March	2012
	1,500,000 - $3.3715 Options expiring 6 March	2012
	1,094,361 Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise of options,	Shares were issued following the vesting of
issue of securities under dividend reinvestment plan, participation inbuy-back	shareholderapprovedperformancerightsrelating to the Managing Director’s performance
	for the financial year ended 30 June 2010.

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

Were the interests in the securities or contracts detailed above traded during a[+] closed period No where prior written clearance was required? If so, was prior written clearance provided to Not applicable allow the trade to proceed during this period?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what Not Applicable date was this provided?

Dated 4 March 2011

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3