GWR GROUP LIMITED — Director's Dealing 2008

Nov 11, 2008

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 Ltd 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	Constantino Markopoulos
Date of last notice	2 October 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Husband of Aspasia Markopoulos
Date of change	10 November 2008
No. of securities held prior to change	3,300 Ordinary Fully Paid Shares500,000 Options exercisable at $2.00 before31/12/10500,000 Options exercisable at $3.00 before31/12/11
Class	Ordinary Fully Paid SharesOptions exercisable at $2.00 before 31/12/10Options exercisable at $3.00 before 31/12/11
Number acquired	Nil
Number disposed	Director ceased to have a relevant interest in3,300 Ordinary Fully Paid Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Estimated value of shares - $1,402.50

• 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 500,000 Options exercisable at $2.00 before 31/12/10 500,000 Options exercisable at $3.00 before 31/12/11 Nature of change Director no longer has relevant interest in

Example: on-market trade, off-market trade, exercise of options, issue of shares owned by his children. securities under dividend reinvestment plan, participation in buy-back

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.

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----- 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 -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002