ORA BANDA MINING LTD — Director's Dealing 2007

Nov 25, 2007

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 30/9/2001.

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:	David James Humann
Date of last notice:	1 March 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise to the relevantinterest	James Anne Holdings Pty Ltd – financial interest
Date of change	22 November 2007
Number of securitiesheld prior to change	Nil
Class	Unlisted options (exercisable at 40 cents each by 23.02.12)
Number acquired	2,500,000
Number disposed
Value/considerationNote: If consideration is non-cash,provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number of securitiesheld after change	2,500,000 unlisted options (23.02.12)
Nature of changeExample: on-market trade, off-market	Issue of options pursuant to resolution of shareholders at annual
trade, exercise of options, issue ofsecurities under dividend reinvestment	general meeting held on 16 November 2007
plan, participation in buy-back

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 valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001