HAWSONS IRON LTD — Director's Dealing 2010

May 20, 2010

A N N O U N C E M E N T ASX 21 May 2010

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ABOUT CARPENTARIA:

Carpentaria is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company holds 100% owned tenements in NSW and Queensland and also has a number of farm-in deals. Most tenements have known mineralised systems and are being explored using modern, efficient technologies. The company currently has interests in iron ore, tin, gold, copper and coal exploration projects

CARPENTARIA’S AIM:

Gregory Seeto Advisers, Issuers (Brisbane) Australian Securities Exchange (ASX) Level 5, Riverside Centre 123 Eagle Street Brisbane QLD 4000

Dear Gregory,

Amendment (date of change) to Appendix 3Y issued 17 May 2010

With a strong geo-scientific team discover or acquire a strong cash flow generating mining operation

With reference to the above I advise that the amended 3Y is being lodged due to an error in the date of change and also to explain the late lodgement of the form.

DISCOVERIES TO DATE :

Hawsons Iron Project - NSW Euriowie Tin Project - NSW

Capital Structure:

Ordinary Shares 70,962,488 Total Options 21,434,927

Major Shareholders:

Mr Conglin Yue 14.37% Giralia Resources 10.00%

The original Appendix 3Y was not lodged on time due to the Company Secretary responding late to the notification by the Director concerned.

We do have in place arrangements that meet the disclosure obligations of listing rule 3.19A. We do subscribe to the Directors Holdings Movement Reports supplied by our registry Link Market Services.

We believe that the arrangements we have in place currently are sufficient to capture any movements in Directors holdings. Further procedural matters have been introduced to take more care to scrutinise the Movement Reports.

Financial

Cash and deposits A$4.5 million currently

Ground Level, Boundary Court 55 Little Edward Street Springhill Queensland 4000 PO Box 1019 Spring Hill QLD 4004 e-mail: info@capex.net.au

Yours Sincerely

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Chris Powell Company Secretary

For further information contact:

Nick Sheard Executive Chairman Phone: 07 3161 3801

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Page 1 of 1

Appendix 3Y Change of Director’s Interest Notice

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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 23 April 2010

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	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. N/A 2. 3 - 5 May 2010	AMENDED DATES
No. of securities held prior to change	1. Direct 600,000 ordinary shares 500,000 Options exercisable at 30 cents expiring 30 June 2010 2. Indirect 247,850 ordinary shares 123,925 Options exercisable at 30 cents expiring 30 June 2010
Class	1. Ordinary Shares and Options exercisable at 30 cents expiring 30 June 2010 2. Ordinary Shares and Options exercisable at 30 cents expiring 30 June 2010

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. Nil 2. Nil
Number disposed	~~36 021~~ ~~1 164 790~~ 1. Direct Nil 2. Indirect 247,850 ordinary shares 123,925 Options exercisable at 30 cents expiring 30 June 2010
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. Nil 2. $ 141,592
No. of securities held after change	1. Direct 600,000 ordinary shares 500,000 Options exercisable at 30 cents expiring 30 June 2011 2. Indirect Nil
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On-Market Trade

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