PACIFIC RESOURCES LIMITED — Director's Dealing 2011

Nov 22, 2011

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 30/09/01 Amended 01/01/11

Name of entity	COALBANK LIMITED
ABN	20 075 877 075
Date of Notice	23 November 2011

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	STAFFAN EVER
Date of last notice	2 September 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	23 November 2011
No. of securities held prior to change	Direct – 800,000 Ordinary SharesIndirect – 24,227,400 Ordinary Shares
Class	Unlisted Options exercisable at 9.74 centsexpiring 29 June 2012.
Number acquired	6,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	Direct – 800,000 Ordinary SharesDirect – 6,000,000 Unlisted OptionsIndirect – 24,227,400 Ordinary Shares s

+ See chapter 19 for defined terms.

Nature of change	Issued following Shareholder Approval at the
Example: on-market trade, off-market trade, exercise of options, issue of	Annual General Meeting held on 15
securities under dividend reinvestment plan, participation in buy-back	November 2011

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 changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details andan estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	N/A
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.