IGO LIMITED — Director's Dealing 2002

Dec 2, 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	Rodney Marston
Date of last notice	3 May 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 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 Indirect
Nature of indirect interest
(including registered holder)
	60,000 fully paid ordinary shares
	30,000 1 cent options
Nattai Pty Ltd (family trust)	60,000 fully paid ordinary shares
Perilya Limited (Mr Marston is a director and shareholder)
	15,000,000 fully paid ordinary shares
	1,000,000 unlisted contributing shares
	8,000,000 1 cent options
Date of change	26 November 2002
No. of securities held prior to change
	All options as above. Nattai Pty Ltd held 20,000 shares
	prior to the change.
Class	Ordinary fully paid shares
Number acquired	Nil 40,000
Number disposed	Nil Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	Nil \$12,000

⁺ See chapter 19 for defined terms.

No. of securities held after change	60,000 Nil 30,000	15,060,000 fully paid ordinary shares 1,000,000 unlisted contributing shares $8,000,000$ 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 purchase

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 (if issued securities)	n/a
Date of change	n/a
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	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

$+$ See chapter 19 for defined terms.