IRON BEAR RESOURCES LTD — Director's Dealing 2004

Jan 26, 2004

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	International Goldfields Limited (Formerly Hamill Resources Limited)
JABN	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	$11$ July 2003

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) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect 1: Shares owned by Egas Superannuation Fund, a company in which Mr Sage has a relevant interest.
	Indirect 2: Shares owned by Jess Pty Ltd, a Company in which Mr Sage has an interest.
Date of change	31 December 2003

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	Direct: 7,380,372 Fully Paid Ordinary Shares.
	1,103,400 20 Cent Options exercisable on or before 31 December 2003.
	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 1: 77,160 Fully Paid Ordinary Shares.
	Indirect 2:
	25,714 Fully Paid Ordinary Shares
Class	Ordinary Fully Paid Shares.
Number acquired	Direct:
	1,103,400 Fully Paid Ordinary Shares.
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$220,680.00
No. of securities held after change	Direct: 8,483,772 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 1: 77,160 Fully Paid Ordinary Shares.
	Indirect 2: 25,714 Fully Paid Ordinary Shares.
Nature of change	Exercise of options
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 "notifiable interest of a director" should be disclosed in this part.

$+$ See chapter 19 for defined terms.

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.