IGO LIMITED — Director's Dealing 2003

May 8, 2003

PO Box 893, South Perth, PO Box 633, 300th Perin,
Western Australia, 6951
Phone: (08) 9357 2755
Facsimile: (08) 9367 3288
Email: contact@independencegold.com.au Website: www.incependencegold.com.au

FAX TRANSMISSION

TO:	Company Announcements
COMPANY:	ASX
FAX NO.:	1900 999 279
FROM:	Donna Baldwin
DATE:	9 May 2003
NO. OF PAGES: (including this page)	5
SUBJECT:	Change of Director's Interest Notice

Please find attached 'Change of Director's Interest Notices' in respect of Christopher Bonwick and Keith Docking for lodgement.

Please check that you have received this document in full. If not, please telephone our operator immediately on (08) 9367 2755.

Confidentiality

This document is confidential and may contain legally privileged information. If you are not a named or authorised recipient you must not read, copy, distribute or act in reliance on it. If you have received this document

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	------- independence Gold NL
ABN	--- 46 092 786 304 $\cdots$

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 December 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 disolosed 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
Virtual Genius Pty Ltd (relevant interest under s608(1)(b) of the Corporations Act 2001		1,000,000 listed options 1,877,502 fully paid ordinary shares
As Trustee for the Bonwick Super Fund A/c	75,000 fully paid ordinary shares 37,500 1 cent options	2,500,000 unlisted contributing shares 1,432,502 listed options
Date of change	6 May 2003
No. of securities held prior to change	Virtual Genius Pty Ltd prior to change.	All shares as above. 1,932,502 listed options were held by
Class	Listed Options.
Number acquired
Number disposed	Nil	500,000 listed options
Value/Consideration Note: if consideration is non-cash, provide details and estimated valuation	Nіl	\$80,275

⁺ See chapter 19 for defined terms.

No. of securities held after change	75,000 Nil 37,500	3,877,502 fully paid ordinary shares 2,500,000 unlisted contributing shares 2,432,502 listed 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	п/я
Nature of interest	n/a
Name of registered holder (if issued securities)	$\mathbf{u}/\mathbf{a}$
Date of change	$n/s$ .
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	$\mathbf{n}/\mathbf{a}$
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

Mund

6 May 2003

C J Bonwick Managing Director Date

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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	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	Keith Docking
Date of last notice	3 December 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the irust 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)
Keith Docking & Lynette Peach as trustees for the ATF KSD Superannuation Fund	425,000 fully paid ordinary shares 1,500,000 unlisted contributing shares 1,375,000 1 cent options
Date of change	6 May 2003
No. of securities held prior to change	All shares as above. 930,000 1 cent options were held prior to change.
Class	One cent options
Number acquired	445,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$71,200

⁺ See chapter 19 for defined terms.

No. of securities held after change	425,000 fully paid ordinary shares 1,500,000 unlisted contributing shares $1,375,000$ 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 biry-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 he disclosed in this part

Detail of contract	$\mathbf{n}/\mathbf{a}$
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	$\pi/a$
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

( Anna 1

$6$ May $2003\,$

$\overline{C}$ J Bonwick Managing Director $\rm{Date}$

$\cdot$

• See chapter 19 for defined terms.

Appendix 3Y Page 2