SANDFIRE RESOURCES LIMITED — Director's Dealing 2008

Jan 14, 2008

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	SANDFIRE RESOURCES NL
ABN	55 105 154 185

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	KARL SIMICH
Date of last notice	18 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	1.Resource Development Company Pty Ltd ATF ResourceDevelopment Discretionary Trust (director and beneficiary).2.Resource Development Co Pty Ltd AFT the Simich Family Trust(director and beneficiary).3.Tongaat Pty Ltd ATF Blue Seas Trust – director4.Kape Securities Pty Ltd ATF Blue Seas Super Fund – directorand beneficiary
Date of change	11-14 January 2008
No. of securities held prior to change	1.100,000 ord f/p shares2.1,606,268 ord f/p shares3.986,000 ord f/p shares4.1,253,134 contributing shares
Class	See above
Number acquired	94,000 ord f/p shares
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$30,648

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1. 100,000 ord f/p shares 2. 1,606,268 ord f/p shares 3. 1,050,000 ord f/p shares 4. 30,000 ord f/p shares 1,253,134 contributing shares Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

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 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