IRON BEAR RESOURCES LTD — Director's Dealing 2004

Oct 17, 2004

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	International Goldfields Limited
ABN	71 095 047 920

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	Timothy Paul Turner
Date of last notice	16 September 2004

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	Indirect (1)
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect $(1)$ : Shares owned by Timmarin Holdings Pty Ltd as Trustee for The Timothy Paul Turner Family Trust, a company controlled by Mr Turner.
	Indirect $(2)$ : Shares owned by Shepperton Holdings Pty Ltd as Trustee for The Shepperton Unit Trust, a company controlled by Mr Turner.
Date of change	6 October 2004
No. of securities held prior to change	Indirect $(1)$ : 336,146 Fully Paid Ordinary Shares. Indirect $(2)$ : 57,858 Fully Paid Ordinary Shares.
Class	Ordinary Fully Paid Shares.
Number acquired	Indirect: 100,000 Fully Paid Ordinary Shares.

⁺ See chapter 19 for defined terms.

Number disposed
Value/Consideration Note: If consideration is non-eash, provide details and estimated valuation	\$30,000.00
No. of securities held after change	Indirect $(1):$ 436,146 Fully Paid Ordinary Shares. Indirect $(2)$ : 57,858 Fully Paid Ordinary Shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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 "notiliable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and
an estimated valuation.
Interest after change

$+$ See chapter 19 for defined terms.