HAWSONS IRON LTD — Director's Dealing 2008

May 14, 2008

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15 May 2008

ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

APPENDIX 3Y – CHANGE OF DIRECTOR’S INTERESTS NOTICE

On 11 February 2008, Giralia Resources N.L. ( Giralia ) conducted an in-specie distribution whereby shareholders of Giralia received approximately one fully paid ordinary share in Carpentaria Exploration Limited ( the Company ) for every 5.83 fully paid ordinary shares held in Giralia ( the in-specie distribution ).

Two Directors of the Company, Stan Macdonald and Mike Chester, held Giralia shares both directly and indirectly as at the record date of the in-specie distribution. As a result, these two Directors each received shares in the Company under the in-specie distribution.

The Company did not lodge an Appendix 3Y – Change in Director’s Interest Notice at the time of the in-specie distribution. Accordingly, the Company hereby attaches Appendix 3Y - Change in Director’s Interest Notice for both Stan Macdonald and Mike Chester in relation to the change in their relevant interests in the Company as a result of the in-specie distribution.

For further information please contact the Company Secretary

Yours faithfully,

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Chris Powell

Company Secretary

55 Little Edward Street, Ground Level, Boundary Court, Spring Hill, Queensland 4000 PO Box 1019 Springhill QLD 4004

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Phone: + 61 7 3161 3801 Fax: + 61 7 3161 3786

e-mail: info@capex.net.au

Website: www.carpentariaex.com.au

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	Carpentaria Exploration Limited
ABN	63 095 117 981

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 Peter Chester
Date of last notice	11 January 2008

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 relevant interest.	MICJUD Pty Ltd as trustee for the Chester Super Fund
Date of change	11 February 2008
No. of securities held prior to change	Indirect:77,824 ordinary shares MICJUD Pty Ltd as trustee for the Chester Family Account –8,912 ordinary shares MICJUD Pty Ltd as trustee for the Chester Super Fund –68,912 ordinary shares
Class	Ordinary shares
Number acquired	8,577ordinary shares MICJUD Pty Ltd as trustee for the Chester Super Fund –8,577 ordinary shares
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$858 – ordinary shares acquired as part of an in-specie distribution of one Carpentaria Exploration Limited share for every 5.83 shares (rounded) held in Giralia Resources NL.
No. of securities held after change	Indirect:86,401 ordinary shares MICJUD Pty Ltd as trustee for the Chester Family Account –8,912 ordinary shares MICJUD Pty Ltd as trustee for the Chester Super Fund –77,489 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acquired through an in-specie distribution of shares from Giralia Resources NL.

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

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	Carpentaria Exploration Limited
ABN	63 095 117 981

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	Stanley Allan Macdonald
Date of last notice	16 November 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	1. Direct 2. Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Creekwood Nominees Pty Ltd (Stanley Allan Macdonald is a director of Creekwood Nominees Pty Ltd)
Date of change	1. 11 February 2008 2. 11 February 2008
No. of securities held prior to change	1. Direct 120,297 ordinary shares 500,000 Options exercisable at 30 cents expiring 30 June 2010 2. Indirect 211,829 ordinary shares
Class	1. Ordinary shares 2. Ordinary shares
Number acquired	1. 1,056,522 ordinary shares 2. 36,021 ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1. Nil 2. Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $116,479 2. $3,602 Ordinary shares acquired as part of an in-specie distribution of one Carpentaria Exploration Limited share for every 5.83 shares (rounded) held in Giralia Resources NL.
No. of securities held after change	1. Direct 1,176,819 ordinary shares 500,000 Options exercisable at 30 cents expiring 30 June 2010 2. Indirect 247,850 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Acquired through an in-specie distribution of shares from Giralia Resources NL.

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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002