IRON BEAR RESOURCES LTD — Director's Dealing 2004

Jul 19, 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	Antony W P Sage
Date of last notice	12 May 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect: Shares owned by EGAS Superannuation Fund, a company in which Mr Sage has a relevant interest.
Date of change	30 June 2004
No. of securities held prior to change	Direct: 1,600,000 Fully Paid Ordinary Shares. 750,000 35 Cent options exercisable on or before 30 June 2005. 700,000 40 cent options exercisable on or before 31 August 2005. Indirect: 7,290,932 Fully Paid Ordinary Shares. 353,400 35 Cent options exercisable on or before 30 June 2005.

⁺ See chapter 19 for defined terms.

Class	Ordinary Fully Paid Shares.
Number acquired	Indirect: 1,609,143 Fully Paid Ordinary Shares.
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$402,285.75
No. of securities held after change	Direct: 1,600,000 Fully Paid Ordinary Shares. 750,000 35 Cent options exercisable on or before 30 June 2005. 700,000 40 cent options exercisable on or before 31 August 2005. Indirect: 8,900,075 Fully Paid Ordinary Shares. 353,400 35 Cent options exercisable on or before 30 June 2005.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options

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
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

$+$ See chapter 19 for defined terms.

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.