ORA BANDA MINING LTD — Director's Dealing 2008

Feb 4, 2008

Level 1 23 Ventnor Avenue, West Perth, Western Australia 6005 Telephone: 61-8 9481 6422 Facsimile: 61-8 9481 6433

5 February 2008

Manager Announcements Company Announcements Office ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

APPENDIX 3Y NOTICE

In accordance with ASX Listing Rule 3.19A.2, please find enclosed an Appendix 3Y notice in respect of the on-market purchase by the Chairman, Mr Michael Kiernan, of an additional 500,000 shares in Monarch Gold Mining Company Limited

Yours faithfully

Patrick McCole Company Secretary

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:	Monarch Gold Mining Company Limited
ABN	69 100 038 266

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:	. Michael Laurence Kiernan ******** ------------------------
Date of last notice:	12 December 2007 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ---------------------------------------

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	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	Michael Laurence Kiernan Crawley Investments Pty Ltd - financial interest Imperial Resources Pty Ltd – financial interest
Date of change	1 February 2008
Number of securities held prior to change	$14,375,001$ * ordinary shares 3,333,334 * unlisted options (31.12.10) post share capital consolidation $\ast$
Class	Ordinary shares
Number acquired	500,000
Number disposed
Value/consideration Note: If consideration is non-cash, provide details and estimated valuation	\$300,212

⁺ See chapter 19 for defined terms.

Number of securities	14,875,001 ordinary shares
held after change	3,333,334 unlisted options (31.12.10)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market purchase.

$\cdot$

Part 2 - Change of director's interests in contracts

Details of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
Number 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
ratuation
Interest after change

⁺ See chapter 19 for defined terms.