IRON BEAR RESOURCES LTD — Director's Dealing 2012

Oct 21, 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	Antony Sage
Date of last notice	19 October 2012

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	Indirect (1):
(including registered holder)	Shares owned by Mr Antony William Paul Sage
Note: Provide details of the circumstances giving rise to therelevant interest.	as trustee of the EGAS Superannuation Fund.
	Indirect (2):
	Shares owned by PG Partnership, of which
	Okewood Pty Ltd is a member, a company in
	which Mr Sage has a relevant interest.
	Indirect (3):
	Shares owned by Okewood Pty Ltd, a company
	in which Mr Sage has a relevant interest.
Date of change	19 October 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No of securities held prior to ch	No of securities held prior to ch
	No of securities held prior to ch	nge
	.		Indirect (1):
			40,775,740 Fully Paid Ord2000000 Oti	inary Sharesibl t $045 h
			,, pons (exeron or before 30 Novembe	sae a . eacr 2012)
			Indirect (2):250000 Fully Paid Ordina	ry Shares
			,
			Indirect (3):800000 Fll Pid Odi	Sh
			, uy a rna	ry ares
	Class		Fully Paid Ordinary Share	s
	Number acquired		164,690 Fully Paid Ordinary Shares
	Number disposed		Nil
	Value/Consideration		$4339285
	Note: If consideration is non-cash, provide details andli	estimated	,.
	vauaton
	No. of securities held after chang	e	Indirect (1):40940430 Full Paid Ord	inar Shares
			,, y2,000,000 Options (exer	ycisable at $0.45 each
			on or before 30 Novembe	r 2012)
			Indirect (2):
			250,000 Fully Paid Ordina	ry Shares
			Indirt 3
			ec ():800,000 Fully Paid Ordina	ry Shares
			Ok d
	Nature of changeExample: on-market trade, off-market trade, exercise	of options,	n-maret trae
	issue of securities under dividend reinvestment plan, pin buy-back	articipation
Part 2 – Change of director’s interests in contracts

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	N/A	N/A	N/A
	Nature of interest	N/A
	Name of registered holder	N/A
	(if issued securities)
	D f h	N/
	ate o cange

• 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 tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

Date: 22 October 2012

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3