MATSA RESOURCES LIMITED — Director's Dealing 2007

Jan 22, 2007

Appendix 3Y

Rule 3.19A.2

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		KALGOORLIE-BOULDER RESOURCES LTD
IABN	48 106 732 487

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	David Prentice
Date of last notice	Appendix $3Y - 23$ December 2005

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect: Shares owned by D&M Prentice Superannuation Fund in which Mr Prentice has a relevant interest.
Date of change	22 January 2007
No. of securities held prior to change Class	Direct: 250,000 Fully Paid Ordinary Shares Indirect: 100,000 Fully Paid Ordinary Shares Unlisted Options: 500,000 30 cent Options expiring 31 July 2008 500,000 40 cent Options expiring 31 July 2008 (1) Fully Paid Ordinary Shares
	(2) Listed 20 cent Options expiring 31 July 2008
Number acquired	$(1)$ 350,000 $(2)$ 175,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$35,000

⁺ See chapter 19 for defined terms.

No. of securities held after change	Direct:
	500,000 Fully Paid Ordinary Shares
	125,000 Listed 20 cent Options expiring 31 July 2008
	500,000 30 cent Options expiring 31 July 2008
	500,000 40 cent Options expiring 31 July 2008
	Indirect:
	200,000 Fully Paid Ordinary Shares
	50,000 Listed 20 cent Options expiring 31 July 2008
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Allotted and issued pursuant to applications received to participate in entitlements issue under prospectus dated 13 December 2006.

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.