GWR GROUP LIMITED — Director's Dealing 2008

Feb 3, 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 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 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.

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	1stFebruary 2008
No. of securities held priorto change	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
Class	Ordinary fully paid sharesOptions 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	600,000 Ordinary fully paid shares
Number disposed	600,000 Options exercised

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$190,000 exercise price of options
No. of securities held afterchange	2,248,105 Ordinary fully paid shares1,500,000 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	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