INVICTUS ENERGY LTD — Director's Dealing 2012

Jan 22, 2012

Appendix 3X Initial Director’s Interest Notice

Appendix 3X

Initial Director’s Interest Notice

Name of entity: Sunbird Energy Ltd ACN: 150 956 773

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Andrew Leibovitch
Date of appointment	17 May 2011

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

Number & class of securities

Andrew Leibovitch < Katss Investment Account> 1,300,000 ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Name of holder & nature of interestKaren Leibovitch and Andrew LeibovitchKaren LeibovitchKaren Leibovitch and Andrew Leibovitch<Thomas Leibovitch A/C>Karen Leibovitch and Andrew Leibovitch<Stephanie Leibovitch A/C>Karen Leibovitch and Andrew Leibovitch<Stephanie Leibovitch A/C>Andrew Leibovitch and Karen Leibovitch

Number & class of SecuritiesOrdinary Shares750,000 ordinary shares20,000 ordinary shares10,000 ordinary shares10,000 ordinary shares10,000 ordinary sharesOptions(A)2,000,000 Ordinary Options at anissue price of $0.0001 exercisable at$0.20 expiring 19/1/2015.(B)2,000,000 Ordinary Options at anissue price of $0.00001 exercisableat $0.20 each which vest on19/1/2013 and expire 19/1/2016.(C)2,000,000 Ordinary Options at anissue price of $0.00001 exercisableat $0.20 each which vest on19/1/2014 and expire 19/1/2017.(D)2,500,000PortfolioPerformanceOptions exercisable at 25 centswhichvestonthedateanIndependentExpertcertifiesdiscoveries of at least 500 bcf 3Cresource of gas from the InitialPortfolio provided such date is on orbefore 19/1/2015, and expiring 3years after vesting.(E)2,500,000PortfolioperformanceOptions exercisable at30cents

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

	whichvestonthedatean
	IndependentExpertcertifies
	discoveries of at least 1 Tcf 3C
	resource of gas from the Initial
	Portfolio provided such date is on or
	before 19/1/2015, and expiring 3
	years after vesting.
(F)	2,500,000 New Venture Performance
	Options exercisable at 25 cents
	vesting on the date an Independent
	Expert certifies discoveries of at
	least 500 bcf 3C resource of gas
	from a New Venture provided such
	date is on or before 19/1/2015, and
	expiring 3 years after vesting.
(G)	2,500,000 New Venture Performance
	Options exercisable at 30 cents vesting
	on the date an Independent Expert
	certifies discoveries of at least 1 Tcf
	3C resource of gas from the New
	Venture provided such date is on or
	before 19/1/2015,and expiring 3 years
	after vesting.
(H)	2,500,000CornerstoneInvestor
	Performance Options exercisable at
	20 cents expiring 3 years after
	19/1/2012, if a Cornerstone Investor
	is secured.

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

• See chapter 19 for defined terms.

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