QPM ENERGY LIMITED — Director's Dealing 2012

Jul 19, 2012

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	25/06/2012

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 relevantinterest.	i.Julie Zohar - Spouseii.Zohar Super FundA/CBeneficially holdingiii.Shoshanna Zohar - ChildSwancove Enterprises Pty Ltd -iv.Company in which relevant interestheldUnited Orogen Limited Company inV.which relevant interest held$\overline{\mathbf{v}}$ .Iron Mountain MiningLtdCompany in which relevant interestheldvii.Aluminex Resources Ltd - Companyin which relevant interest heldviii.Golden Century Mining Limited -Company in which relevant interest
Date of change	held
	18 July 2012

+ See chapter 19 for defined terms.

No. of securities held prior to change	411,001 Shares (Direct)
	21,691,002 Shares (Indirect)
	45,000 Options (Direct)
	34,103,500 Options (Indirect)
Class	Ordinary fully paid shares
Number acquired	2,891,790 ordinary shares (Direct)
	$2,500,000$ options (Direct)
Number disposed	1,375,000 ordinary shares (Indirect)
Value/Consideration	$0.05 per share for $391,790$ shares (Direct)
Note: If consideration is non-cash, provide details and estimatedvaluation	$0.02 per share for $2,500,000$ shares (Direct)
	Nil per share for 1,375,000 shares (Indirect)
	Nil per option for 2,500,000 options (Direct)
No. of securities held after change	3,302,791 Shares(Direct)
	20,316,002 Shares (Indirect)
	2,545,000 Options (Direct)
	34,103,500 Options (Indirect)
Nature of change	Purchase of shares via off market trade
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	Distribution of ordinary shares via off market
buy-back	share transfer

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 - +Closed period

Were the interests in the securities or contracts detailed $ $ Noabove traded during a + closed period where prior writtenclearance 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 $\mid N/A$provided?

+ See chapter 19 for defined terms.