IRON BEAR RESOURCES LTD — Director's Dealing 2012

Nov 28, 2012

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	Timothy Turner
Date of last notice	20 December 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	Direct or indirect interest	Direct and Indirect (2)	Direct and Indirect (2)
	Nature of indirect interest			(1) Mr Timothy
	(including registered holde	r)		Turnera
	Note: Provide details of the circumthe relevant interest.	stances giving rise to		SuperannuMr Turner.
				(2) Halle Woo
				A/C>, a coMr Turner
	Date of change		28 November 2012
	No. of securities held prior to change		Direct:250,000 Options (exercisable at $0.45 each on orbefore 30 November 2012).Indirect (1):1,500,000 Fully Paid Ordinary Shares250,000 Options (exercisable at $0.45 each on orbefore 30 November 2012)
	Class		Fully paid ordinary shares
	Number acquired		23,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$5,060
No. of securities held after change	Direct:250,000 Options (exercisable at $0.45 each on orbefore 30 November 2012).Indirect: (1)1,500,000 Fully Paid Ordinary Shares250,000 Options (exercisable at $0.45 each on orbefore 30 November 2012)Indirect: (2)23,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	On market trade.

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
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

29 November 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3