LIONTOWN LIMITED — Director's Dealing 2012

Feb 28, 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 LIONTOWN RESOURCES LIMITED ABN 39 118 153 825

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	Tim R B Goyder
Date of last notice	23 November 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

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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Plato Prospecting Pty Ltd (ACN 008 964 896).Tim Goyder is the sole Director andShareholder of Plato Prospecting Pty Ltd.Plato Prospecting Pty Ltd (ACN 008 964 896)as trustee for TRB Goyder SuperannuationFund. Tim Goyder is the sole Director andShareholder of Plato Prospecting Pty Ltd anda member of the TRB Goyder SuperannuationFund.
Date of change	24 February 2012 – 29 February 2012
No. of securities held prior to change	75,065,306 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	5,989,265
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

	Value/CoNote: If cvaluation	nsiderationonsideration is non-cas	h, provide details	and estimat	ed	TotalsharesTotal	consideratwas $8,08considerat	ion for6.69 (3.57ion for 5	226,480cents per762785	ordinaryshare).ordinary
						sharesshare).	was $20	,1,697.48	,(3.5 ce	nts per
	No. of se	curities held after	change			81,054	,571 fully	paid ordina	ry shares
	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 N/A Nature of interest N/A Name of registered holder N/A (if issued securities) Date of change N/A No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

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