IRON BEAR RESOURCES LTD — Director's Dealing 2012

Jul 30, 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	23 July 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(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.
Date of change	26 July 2012
No. of securities held prior to change	Indirect (1):40,200,605 Fully Paid Ordinary Shares2,000,000 Options (exercisable at $0.45 each onor before 30 November 2012)Indirect (2):250,000 Fully Paid Ordinary Shares
Class	Fully Paid Ordinary Shares
Number acquired	239,825 Shares

• 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	$71,947.50
No. of securities held after change	Indirect (1):40,440,430 Fully Paid Ordinary Shares2,000,000 Options (exercisable at $0.45 each onor before 30 November 2012)Indirect (2):250,000 Fully Paid Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,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	Detail of contract	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NatureName o(if issue
	of inter	est		N/A
	f registd secu	ered holrities)	der	N/A
Date ofNo. andinterestNote: Detaito which thInterestInterestValue/CNote: If coestimated vInterest	change			N/A
	classrelatedls are onlye interest ha	of securprior torequired fors changed	ities to whichchangea contract in relation	N/A
	acquir	ed		N/A
	dispos	ed		N/A
	onsidensiderationaluation	rationis non-cash,	provide details and an	N/A
	after c	hange		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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

Date: 31 July 2012

• See chapter 19 for defined terms.

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