MGX RESOURCES LIMITED — Director's Dealing 2013

Jul 4, 2013

ABN 87 008 670 817

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Mount Gibson Iron Limited

Ground Floor Level 1, 2 Kings Park Road WEST PERTH 6005 Western Australia

PO Box 55 WEST PERTH 6872 Western Australia

5 July 2013

Telephone: 61-8-9426 7500 Facsimile: 61-8-9485 2305 E-mail: admin@mtgibsoniron.com.au

Elizabeth Harris Principal Adviser Listings Compliance ASX Limited Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Elizabeth

APPENDIX 3Y - CHANGE OF DIRECTORS INTEREST – LATE NOTICE

Please find attached an Appendix 3Y for Mr Paul Dougas which includes an additional 3,866 shares that were not reported in the Appendix 3Y issued on 18 June 2013. We confirm that Mr Dougas indirectly holds 203,866 shares in the Company.

Mr Dougas acquired these additional tranches of shares via his participation in the Dividend Reinvestment Plan (“ DRP ”) on 20 April 2012 and 22 October 2012. An Appendix 3Y for each of those tranches of shares should have been issued at those times but this did not take place due to an administrative oversight regarding Mr Dougas’ participation in the DRP.

The Company has a compliance program in place with its directors to ensure that directors change of interests are notified to the ASX within required time periods. The Company considers that its current compliance program involving a Continuous Disclosure Policy and standing Board agenda items on disclosure of share trading are adequate. However, the Company will take steps to further improve the program to ensure that shares acquired by Directors under the DRP are properly reported going forward.

Should you have any further queries please do not hesitate to contact me.

Yours faithfully

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David Stokes Company Secretary

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 Mount Gibson Iron Limited

ABN 87 008 670 817

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 Paul Dougas

Date of last notice 18 June 2013

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Norase Pty Ltd ATF Dougas Family Super of which Mr Dougas is a beneficiary
Date of change	(a) 20 April 2012 (b) 22 October 2012
No. of securities held prior to change	(a) Prior to 20 April 2012 - 60,000 (b) Prior to 22 October 2012 - 101,079
Class	Ordinary shares
Number acquired	(a) 1,079 (b) 2,787
Number disposed	0
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(a) $1.1115 per share (b) $0.7256 per share
No. of securities held after change	(a) At 20 April 2012 – 61,079 (b) At 22 October 2012 – 103,866 At 5 July 2013 – 203,866

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Dividend Reinvestment Plan Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

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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
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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? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011