IRON ROAD LIMITED — Director's Dealing 2011

Jul 10, 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 IRON ROAD LIMITED ABN 51 128 698 108

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	IAN HUME
Date of last notice	30 SEPTEMBER 2010

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 the relevant interest.	Devipo Pty Ltd (a company of which the director is a director and shareholder)
Date of change	8 July 2011

• 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 change	2,651,203 FULLY PAID ORDINARY SHARES 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.20 EXPIRING 15 DECEMBER 2014 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.25 EXPIRING 15 DECEMBER 2014 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.30 EXPIRING 15 DECEMBER 2014 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.35 EXPIRING 15 DECEMBER 2014
Class	1) FULLY PAID ORDINARY SHARES 2) UNLISTED OPTIONS
Number acquired	1) 2,500,000 FULLY PAID ORDINARY SHARES
Number disposed	2) EXERCISE OF 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.20 EXPIRING 15 DECEMBER 2014 EXERCISE OF 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.25 EXPIRING 15 DECEMBER 2014 EXERCISE OF 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.30 EXPIRING 15 DECEMBER 2014 EXERCISE OF 625,000 UNLISTED OPTIONS EXERCISABLE AT $0.35 EXPIRING 15 DECEMBER 2014
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$687,500.00

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	5,151,203 FULLY PAID ORDINARY SHARES
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of unlisted 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	NIL
Nature of interest	NIL
Name of registered holder (if issued securities)	NIL
Date of change	NIL
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	NIL
Interest acquired	NIL
Interest disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NIL
Interest after change	NIL

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3