GWR GROUP LIMITED — Director's Dealing 2007

Dec 27, 2007

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	GOLDEN WEST RESOURCES LIMITED
ABN	54 102 622 051

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	MICHAEL WILSON
Date of last notice	27 DECEMBER 2007

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.

disclosed in this part.	disclosed in this part.	disclosed in this part.
	Direct or indirect interest	Direct and Indi	rect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Director and sh	areholder of	Wilmick Holdings Pty Ltd
	Date of change	19 December 2	007
	No. of securities held priorto change	1,497,537 Ordi150,568 Optio200,000 Optio	nary fully pains exercisablens exercisable	d sharesat $0.20 before 31/12/07at $0.25 before 30/06/08
		200,000 Optio200,000 Optio1,500,000 Opti1,500,000 Opti	ns exercisablens exercisableons exercisablons exercisabl	at $0.30 before 30/06/08at $0.40 before 30/06/08e at $2.00 before 31/12/10e at $3.00 before 31/12/11
	Class	Ordinary fullyOptions exerciOptions exerciOptions exerciOptions exerci	paid sharessable at $0.20sable at $0.25sable at $0.30sable at $0.40	before 31/12/07before 30/06/08before 30/06/08before 30/06/08
		Options exercisable at $2.00 before 31/12/10Options exercisable at $3.00 before 31/12/11
	Number acquired	150,568 Ordinary fully paid shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	150,568 Options exercised
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$30,113.60 exercise price of options
No. of securities held afterchange	1,648,105 Ordinary fully paid shares200,000 Options exercisable at $0.25 before 30/06/08200,000 Options exercisable at $0.30 before 30/06/08200,000 Options exercisable at $0.40 before 30/06/081,500,000 Options exercisable at $2.00 before 31/12/101,500,000 Options exercisable at $3.00 before 31/12/11
Nature of changeExample:on-markettrade,off-markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan, participation in buy-back	Exercise of options

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	Detail of contract	N/A	N/A	N/A
	Nature of interest
	Name of registered h(if issued securities)	older
	Date of change
	No. and class of securitiesto which interest relatedprior to changeNote: Details are only required for acontract in relation to which the interest haschanged
	Interest acquired
	Interest disposed
	Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation
	Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002