LINDIAN RESOURCES LIMITED — Director's Dealing 2011

Mar 9, 2011

==> picture [98 x 103] intentionally omitted <==

10 March 2011

The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY NSW 2000

Dear Sir

CLARIFICATION RE CHANGE OF DIRECTORS INTEREST NOTICE – APPENDIX 3Y TONY CUNNINGHAM

We refer to the ASX announcement dated 7 March 2011 in relation to the Appendix 3Y for Mr Tony Cunningham and wish to clarify as follows.

The opening balances of Mr Cunningham’s holdings in the Company were incorrect as they did not include 303,334 listed options (ASX:LINOA) registered in the name of Cunningham Peterson Sharbanee Securities Pty Ltd (“CPS”), an entity in which Mr Cunningham is a director and holds a beneficial interest.

The change occurred at the time of completion of an options entitlement offer undertaken by the Company in August 2009 and which was underwritten by CPS. The oversight in reporting this holding as part of Mr Cunningham’s interests only became evident when CPS recently exercised its holding of options to enable it to participate in the upcoming Non-Renounceable Entitlements Issue and upon Mr Cunningham receiving advice upon the extended application of "relevant interests" to corporations of which a person has voting power above 20%. Please refer to the Appendix 3Y for Mr Cunningham which covers the purchase of the options.

The Company advises that the Appendix 3Y for Mr Cunningham as lodged on 7 March 2011 is the current Appendix 3Y.

The Company confirms that it has an agreement with each director, pursuant to which directors undertake to advise the Company’s company secretary or, in his absence, the managing director of any changes to their securities holding.

We do not believe that the current arrangements are inadequate or not being enforced. The delay in lodgement was as a result of oversight and updated advice upon relevant interests.

Yours faithfully

==> picture [86 x 35] intentionally omitted <==

Paul Jurman Director / Company Secretary

Lindian Resources Limited ABN 53 090 772 222 30 Ledgar Road, Balcatta, WA 6021 PO Box 717, Balcatta WA 6914 phone: +61 8 9345 2478 fax: +61 8 9240 2406 email: info@lindianresources.com.au web: www.lindianresources.com.au

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 30/9/2001.

Name of entity	LINDIAN RESOURCES LIMITED
ABN	53 090 772 222

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	ANTHONY RAYMOND CUNNINGHAM
Date of last notice	7 MARCH 2011

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

Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.
Date of change	4 August 2009.
**No. of securities heldprior to change **
100,000 fully paid ordinary shares. (LIN).350,000 fully paid ordinary shares. (LIN).278,250 listed options. (LINOA).	Held in the name of Cunningham PetersonSharbanee Securities Pty Ltd an entity inwhich Mr Cunningham is a director andholds a beneficial interest.Held in the name of Albatross Pass Pty Ltdan entity in which Mr Cunningham is adirector and holds a beneficial interest.
Class	Listed options exercisable at 15 centsexpiring on 31 December 2011. (LINOA).

Page 1

F:\PUBLIC\Lindian Resources Ltd\ASX\2010-2011\00016 - APP 3Y (TC) 100311.doc

Appendix 3Y Change of Director’s Interest Notice

Number acquired
303,334 listed options. (LINOA).	Held in the name of Cunningham PetersonSharbanee Securities Pty Ltd an entity inwhich Mr Cunningham is a director andholds a beneficial interest.
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$3,033.34
No. of securities held after change
100,000 fully paid ordinary shares. (LIN).303,334 listed options. (LINOA).350,000 fully paid ordinary shares. (LIN).278,250 listed options. (LINOA).	Held in the name of Cunningham PetersonSharbanee Securities Pty Ltd an entity inwhich Mr Cunningham is a director andholds a beneficial interest.Held in the name of Albatross Pass Pty Ltdan entity in which Mr Cunningham is adirector and holds a beneficial interest.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	Issued pursuant to Entitlements Option Issueand sub-underwriting agreement.

Part 2 – Change of director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to whichthe 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

Page 2

F:\PUBLIC\Lindian Resources Ltd\ASX\2010-2011\00016 - APP 3Y (TC) 100311.doc

Appendix 3Y Change of Director’s Interest Notice

Part 3 – Closed Period

Part 3 – Closed Period
Were the interests in the securities orcontracts detailed above traded during a+closedperiodwherepriorwrittenclearance was required?	No.
If so, was prior written clearance providedto allow the trade to proceed during thisperiod?	N/A.
If prior written clearance was provided, onwhat date was this provided?	N/A.

Page 3

F:\PUBLIC\Lindian Resources Ltd\ASX\2010-2011\00016 - APP 3Y (TC) 100311.doc