QPM ENERGY LIMITED — Director's Dealing 2012

Oct 24, 2012

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 Eagle Nickel Limited ABN 61 126 368 658

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 Alan Zohar
Date of last notice	19 October 2012

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 Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	i. Julie Zohar - Spouse ii. Zohar Super Fund A/C – Beneficially holding iii. Shoshanna Zohar - Child iv. Swancove Enterprises Pty Ltd - Company in which relevant interest held v. United Orogen Limited Company in which relevant interest held vi. Iron Mountain Mining Ltd - Company in which relevant interest held vii. Aluminex Resources Ltd - Company in which relevant interest held viii. Golden Century Mining Limited - Company in which relevant interest held
Date of change	i. 22 October 2012 ii. 23 October 2012 iii. 24 October 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	3,002,791 Shares (Direct) 19,316,002 Shares (Indirect) 2,545,000 Options (Direct) 34,103,500 Options(Indirect)
Class	Ordinaryfully paid shares
Number acquired	N/A
Number disposed	i. 200,000 ordinary shares ii. 500,000 ordinary shares iii. 1,050,000 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	i.–iii. $0.010 per share
No. of securities held after change	3,002,791 Shares (Direct) 17,566,002 Shares (Indirect) 2,545,000 Options (Direct) 34,103,500 Options (Indirect)
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 trade.

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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