MARMOTA LIMITED — Director's Dealing 2012

Jul 3, 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 Marmota Energy Limited ABN 38 119 270 816

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	Domenic Joseph Calandro
Date of last notice	4/7/2011

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 or indirect interest	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Indirect Interest – shares held by DomenicJoseph Calandro as trustee for the J & K trustof which D J Calandro is one of a class ofpersons who may be a beneficiary.
	Date of change		02/07/2012
	No. of securities held prior to change		Held by Domenic Joseph Calandro as trusteefor the J & K trust of which D J Calandro isone of a class of persons who may be abeneficiary.(a) 2,580,000 ordinary shares(b) 1,000,000 Options exercisable at 40cents expiring 11 July 2012(c) 250,000 Options exercisable at 4 centsexpiring 23 December 2013(d) 125,000 Options exercisable at 8.3centsexpiring 21 December 2015.
			enecary.(a) 2,580,000 ordinar(b) 1,000,000 Optiocents expiring 11(c) 250,000 Options
			expiring 23 Dece
	Class		Fully paid ordinary shares
	Number acquired		500,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	nil
No. of securities held after change	Held by Domenic Joseph Calandro as trusteefor the J & K trust of which D J Calandro isone of a class of persons who may be abeneficiary.(a) 3,080,000 ordinary shares(b) 1,000,000 Options exercisable at 40cents expiring 11 July 2012(c) 250,000 Options exercisable at 4 centsexpiring 23 December 2013(d) 125,000 Options exercisable at 8.3centsexpiring 21 December 2015.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Issue of shares resulting from the vesting ofretention rights as approved by shareholdersat the 2010 Annual General Meeting.

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• 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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
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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