IGO LIMITED — Director's Dealing 2002

Dec 17, 2002

Appendix 3Y

Rule 3.19A.2

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	Independence Gold NL
ABN	46 092 786 304

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	Christopher Bonwick
Date of last notice	18 November 2002

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 emity 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 Indirect
Nature of indirect interest (including registered holder)
Independence Mining Exploration NL (Mr Bonwick is a director & shareholder)	2,000,000 fully paid ordinary shares $1,000,000$ 1 cent options
Virtual Genius Pty Ltd (relevant interest under s608(1)(b) of the Corporations Act 2001	2,373,504 fully paid ordinary shares 2,500,000 unlisted contributing shares
As Trustee for the Bonwick Super Fund A/c	$1,932,502$ 1 cent options 75,000 fully paid ordinary shares 37,500 1 cent options
Date of change	13 November 2002
No. of securities held prior to change	All shares as above. 2,403,504 fully paid ordinary shares were held by Virtual Genius Pty Ltd prior to change.
Class	Ordinary shares.
Number acquired
Number disposed	Nil 30,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil \$9,000

⁺ See chapter 19 for defined terms.

No. of securities held after change	75,000 Nil 37,500	4,390,004 fully paid ordinary shares 2,500,000 unlisted contributing shares 2,932,502 1 cent options
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	n/a
Nature of interest	n/a
Name of registered holder	n/a
(if issued securities)
Date of change	n/a
No, and class of securities to which	n/a
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration	n/a
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	n/a

$+$ See chapter 19 for defined terms.