IRON BEAR RESOURCES LTD — Director's Dealing 2005

Nov 15, 2005

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	Cape Lambert Iron Ore 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
l Date of last notice	16 February 2005

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 $(1)$ & $(3)$
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 Okewood Pty Ltd, a company in which Mr Sage has a relevant interest.
	Indirect $(3)$ : Shares owned by Antony Paul William Sage ATF Sage Family Trust, a company in which Mr Sage has a relevant interest.
Date of change	11 November 2005

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	Direct: 1,600,000 Fully Paid Ordinary Shares.
	Indirect (1): 10,120,075 Fully Paid Ordinary Shares.
	Indirect (2): 210,000 Fully Paid Ordinary Shares.
Class	30 Cent options exercisable on or before 31 October 2008.
Number acquired	Indirect $(1)$ : 8,000,000 30 Cent options exercisable on or before 31 October 2008.
	Indirect $(3)$ : 1,960,000 30 Cent options exercisable on or before 31 October 2008.
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Direct: 1,600,000 Fully Paid Ordinary Shares.
	Indirect $(1)$ : 10,120,075 Fully Paid Ordinary Shares.
	8,000,000 30 Cent options exercisable on or hefore 31 October 2008.
	Indirect $(2)$ : 210,000 Fully Paid Ordinary Shares.
	Indirect $(3)$ : 1,960,000 30 Cent options exercisable on or before 31 October 2008.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Directors Options as approved at the General Meeting of Members held on 17 October 2005.

$+$ See chapter 19 for defined terms.

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
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.

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	Cape Lambert Iron Ore 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	21 February 2005

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 (1) and (3)
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 in which Mr Turner has an interest. Indirect $(2)$ : Shares owned by Shepperton Holdings Pty Ltd as Trustee for The Shepperton Unit Trust, a company in which Mr Turner has an interest. Indirect $(3)$ Shares owned by Mrs Marianne Turner, the
	spouse of Mr Turner.
Date of change	11 November 2005
No. of securities held prior to change	Indirect $(1)$ : 486,146 Fully Paid Ordinary Shares. Indirect $(2)$ : 57,858 Fully Paid Ordinary Shares.

⁺ See chapter 19 for defined terms.

Class	30 cent options exercisable on or before 31 October 2008
Number acquired	Direct 10,000 30 cent options exercisable on or before 31 October 2008
	Indirect (1) 1,480,000 30 cent options exercisable on or before 31 October 2008
	Indirect (3) 10,000 30 cent options exercisable on or before 31 October 2008
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Direct: 10,000 30 cent options exercisable on or before 31 October 2008
	Indirect $(1)$ : 486,146 Fully Paid Ordinary Shares.
	1,480,000 30 cent options exercisable on or before 31 October 2008
	Indirect $(2)$ : 57,858 Fully Paid Ordinary Shares
	Indirect (3) 10,000 30 cent options exercisable on or before 31 October 2008
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Directors Options as approved at the General Meeting of Members held on 17 October 2005.

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

$+$ See chapter 19 for defined terms.

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.

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	Cape Lambert Iron Ore 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	Stockley Roy Davis
Date of last notice	27 June 2005

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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	11 November 2005
No. of securities held prior to change	Nil
Class	30 Cent options exercisable on or before 31
	October 2008.
Number acquired	Direct:
	1,000,000 30 Cent options exercisable on or
	before 31 October 2008.
Number disposed	Nil
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimated
valuation

⁺ See chapter 19 for defined terms.

No. of securities held after change	Direct: 1,000,000 30 Cent options exercisable on or before 31 October 2008.
Nature of change	Issue of Directors Options as approved at the
Example: on-market trade, off-market trade, exercise of options, issue of	General Meeting of Members held on 17 October
securities under dividend reinvestment plan, participation in buy-back-	2005.

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
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.