GWR GROUP LIMITED — Director's Dealing 2009

Jul 13, 2009

14 July 2009

Ms Elizabeth Harris Senior Advisor, Issuers (Perth) ASX Market Supervision Pty Ltd Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

Appendix $3Z$ – Final Director's Interest Notice

Dear Elizabeth.

I refer to your facsimile of 13 July 2009 in relation to this matter and respond to each of your questions using the same numbers as your facsimile:

1. The Appendix 3Z was lodged one day later than required under ASX listing Rule 3.19A & 3.19B due to a delay in getting clarification regarding the share and option holdings of Mr Doutch as a result of recent changes.

Although Mr Doutch's overall interests in the Company did not change there were movements in his direct and indirect holdings in the Company which is a reporting requirement of the Appendix 3Z.

• 1. The Company has an agreement in place with each of its Directors requiring them to notify the Company Secretary of their notifiable interests in the Company's securities when they cease to be a Director of the Company. The requirements are stipulated in clause 5 of Appendix B of the Company's Corporate Governance Statement which can be found on the Company's website at www.goldenwestresources.com/governance.php.
• 1. The Company considers that the current arrangements are adequate and are being enforced. The Company Secretary intends to write to each of the Directors to remind them of their obligations in light of this query,

Regards nthony Begovich Company Secretary

Ph: (08) 9201 9202 • Fax: (08) 9201 9203 • admin@goldenwestrosources.com • www.goldenwestresources.com PO Box 260, Osborne Park, Western Australia 6917

Mr Anthony Begovich Company Secretary Golden West Resources Limited Suite 4 138 Main Street OSBORNE PARK WA 6017

By Facsimile: (08) 9201 9203

Dear Anthony

Golden West Resources Limited (the "Company")

Appendix 3Z - Final Director's Interest Notice

We refer to the following;

• 1. The Appendix 3Z lodged by the Company with ASX Limited ("ASX") on 8 July 2009 for John Doutch;
• 1. Listing rule 3.19A which requires an entity to tell ASX the following:
• 3.19A.1 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the following times.
  • On 1 January 2002
  • On the date that the entity is admitted to the official list.
  • On the date that a director is appointed.

The entity must complete Appendix 3X and give it to ASX no more than 5 business days after 1 January 2002 or the entity's admission or a director's appointment.

• $3.19A.2$ A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust). The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs.
• 3.19A.3 The notifiable interests of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) at the date that the director ceases to be a director. The entity must complete Appendix 3Z and give it to ASX no more than 5 business days after the director ceases to be a director.
• 1. Listing rule 3.19B which states as follows.

ASX Market Supervision Pty Ltd ABN 98 008 624 691 Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

GPO Box D187 Perth WA 6840

Telephone 61 08 9224 0000 Facsimile 61 08 9221 2020 Internet http://www.asx.com.au An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

1. The Companies Update dated 27 June 2008, reminding listed entities of their obligation to notify ASX within 5 business days of the notifiable interests in securities held by each director and outlining the action that ASX would take in relation to breaches of listing rules 3.19A and 3.19B.

The Appendix 3Z lodged for Mr John Doutch indicates that he ceased to be a director on 30 June 2009. It appears that the Appendix should have been lodged with ASX by 7 July 2009. Consequently the Company may be in breach of listing rules 3.19A and/or 3.19B.

Please note that ASX is required to record details of breaches of the listing rules by listed companies for its reporting requirements.

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3.19A and 3.19B and Guidance Note 22: "Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities", we ask that you answer each of the following questions:

• 1. Please explain why the Appendix was lodged late?
• $2.$ What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?
• If the current arrangements are inadequate or not being enforced, what additional steps does the 3. Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by email at Elizabeth.Harris@ASX.com.au or by facsimile on facsimile number (08) 9221 2020. It should not be sent to the Company Announcements office.

A response is requested as soon as possible and in any event, not later than 4:00pm WST on Wednesday 15 July 2009.

Under listing rule 18.7A a copy of this query and your response will be released to the market, so your response should be in a suitable form for release and should separately address each of the questions asked.

If you have any queries or concerns please contact me immediately.

If you have any queries please let me know.

Yours sincerely,

Í

Elizabeth Harris

Senior Adviser, Issuers (Perth)

Direct Line: (08) 9224 0011