IGO LIMITED — Director's Dealing 2002

Nov 21, 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	Kelly Ross
Date of last notice	18 September 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)
	300,000 partly paid contributing shares
George Dickson Ross (spouse)		10,000 fully paid ordinary shares 300,000 unlisted 34 cent options 125,000 listed options
Date of change	18 November 2002
No. of securities held prior to change	change.	All shares as above, 200,000 options were held prior to
Class	to 31 January 2005. One cent paid.	Listed Options to acquire ordinary shares at 20 cents prior
Number acquired	Nil	Nil
Number disposed	Nil	75,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil	\$15,000

⁺ See chapter 19 for defined terms.

No. of securities held after change	Nil 300,000 Nil Nil	10,000 fully paid ordinary shares unlisted contributing shares Nil 125,000 listed options 300,000 unlisted 34 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 sale

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.