KORAB RESOURCES LIMITED — Director's Dealing 2014

Mar 30, 2014

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	ANDREJ K KARPINSKI
Date of last notice	27 August 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)Direct(c)
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	(a) Director of, and controlling shareholder inRheingold Investments Corporation P/L(b) Beneficiary of Rubicon Super Fund(c) Self
Date of change	24 March 2014
No. of securities held prior to change	(a) 6,700,000 shares15,965,931 options(b) 3,078,215 shares1,026,072 options(c) 10,900,000 shares3,633,334 options
Class	1) Ordinary fully paid shares2) 25 cent options expiring 28 August 2014
Number acquired	(a) NIL sharesNIL options(b) 120,000 sharesNIL options(c) NIL sharesNIL options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	(a) NIL sharesNIL options(b) NIL sharesNIL options(c) NIL sharesNIL options
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3,000.00
No. of securities held after change	(d) 6,700,000 shares15,965,931 options(e) 3,198,215 shares1,026,072 options(f) 10,900,000 shares3,633,334 options
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-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	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

• 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

We	We
	We	re the intere	sts in the securiti	es or c	ontracts det	ailed a	bove	NO
	trareq	ed during a**uired? **	+closed period w	ere pri	or written cl	aranc	was
	Ifpro	o, was priorceed during	written clearancethis period?	provid	ed to allow	he tra	e to	NOT	PPLICABLE
	If prior written clearance was provided, on what date was thisprovided?							NOT APPLICABLE

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3