GWR GROUP LIMITED — Director's Dealing 2007

Dec 26, 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	28 MARCH 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.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Director and shareholder of Wilmick Holdings Pty Ltd
Date of change	October 2007 and 17 December 2007
No. of securities held priorto change	1,653,573 Ordinary fully paid shares826,786 Options exercisable at $0.20 before 31/12/07200,000 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
Class	Ordinary fully paid sharesOptions exercisable at $0.20 before 31/12/07Options exercisable at $0.25 before 30/06/08Options exercisable at $0.30 before 30/06/08Options exercisable at $0.40 before 30/06/08Options exercisable at $2.00 before 31/12/10Options exercisable at $3.00 before 31/12/11
Number acquired	13,964 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	170,000 ordinary fully paid shares676,218 options exercisable at 20 cents before 31/12/07
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$367,423 for disposal of shares$335,074 for disposal of options by trusteeAcquisition of shares on vesting of trust
No. of securities held afterchange	1,497,537 Ordinary fully paid shares150,568 Options exercisable at $0.20 before 31/12/07200,000 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	On market sale of sharesAcquisition of shares on vesting of trustDisposal of options by trustee

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	N/A
Nature of interest
Name of registered holder(if issued securities)
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