IRON BEAR RESOURCES LTD — Director's Dealing 2011

Aug 7, 2011

Appendix 3Y Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity Cape Lambert Resources 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 Sage
Date of last notice	6 May 2011

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 (3)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Indirect (1):Shares owned by Mr Antony William Paul Sageas trustee of the EGAS Superannuation Fund.Indirect (2):Shares owned by PG Partnership, of whichOkewood Pty Ltd is a member, a company inwhich Mr Sage has a relevant interest.Indirect (3):Shares owned by Okewood Pty Ltd, a companyin which Mr Sage has a relevant interest.
Date of change	8 August 2011

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Indirect (1):28,840,430 Fully Paid Ordinary Shares2,800,000 Options (exercisable at $0.45 eachon or before 30 September 2011).Indirect (2):250,000 Fully Paid Ordinary SharesIndirect (3):6,650,000 Fully Paid Ordinary Shares
Class	Fully paid ordinary shares
Number acquired	2,800,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1,260,000
No. of securities held after change	Indirect (1):31,640,430 Fully Paid Ordinary SharesIndirect (2):250,000 Fully Paid Ordinary SharesIndirect (3):6,650,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	No. and class of securities towhich interest related prior to	No. and class of securities towhich interest related prior to	N/A	N/A
	changeNt Dtil l id f tt i	lti
	oe: eas are ony requre or a conracto which the interest has changed	n reaon
	Interest acquired		N/A
	Interest disposed		N/A
	Value/Considerationf idi i h id d	l d	N/A
	Note: I conseraton s non-cas, prove etas an anestimated valuation
	Interest after change		N/A

Part 3 –[+] Closed period

Part 3 –+Closed period	Part 3 –+Closed period
	Were the interests in th	e securities or contracts		No
	detailed above traded d	uring a+closed period
	where prior written cleara	nce was required?
	If so, was prior writtenallow the trade torocee	clearance provided todurin thiseriod?		N/A
	**p **	**g p **
	If prior written clearancedate was this rovided?	was provided, on what		N/A
	p

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3