KORAB RESOURCES LIMITED — Director's Dealing 2012

Aug 26, 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: KORAB RESOURCES LIMITED ABN: 17 082 140 252

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	MALCOLM JOHN MCKENZIE
Date of last notice	27 March 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 a) and b)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	a) Director of Chancery Holdings Pty Ltdb) Director and beneficiary of ChanceryHoldings Pty Ltd - McKenzie No.2Superannuation Fund A/C
Date of change	24 August 2012
No. of securities held prior to change	a) 3,339,281 Ordinary fully paid sharesb) 2,424,379 Ordinary fully paid shares
Class	1) Ordinary fully paid shares2) 25 cent options expiring 28 August 2014
Number acquired	a) 1) NIL shares2) 1,113,094 optionsb) 1) NIL shares2) 808,127 options
Number disposed	a) 1) NIL shares2) NIL optionsb) 1) NIL shares2) NIL options
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$ 1,921

• 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 after change a) 1) 3,339,281 shares 2) 1,113,094 options b) 1) 2,424,379 shares 2) 808,127 options Nature of change Participation in the pro-rata entitlement offer of Example: on‐market trade, off‐market trade, exercise of options, options under prospectus dated 19 July 2012 issue of securities under dividend reinvestment plan, participation in buy‐back

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	NOT APPLICABLE
Nature of interest	NOT APPLICABLE
Name of registered holder(if issued securities)	NOT APPLICABLE
Date of change	NOT APPLICABLE
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	NOT APPLICABLE
Interest acquired	NOT APPLICABLE
Interest disposed	NOT APPLICABLE
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	NOT APPLICABLE
Interest after change	NOT APPLICABLE

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above NO – this was an exempt pro-rata traded during a +closed period where prior written clearance was option entitlement offer to all required? shareholders If so, was prior written clearance provided to allow the trade to NOT APPLICABLE proceed during this period? If prior written clearance was provided, on what date was this NOT APPLICABLE provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3