SANDFIRE RESOURCES LIMITED — Director's Dealing 2009

Dec 14, 2009

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.

Name of Director	JOHN RALSTON HUTTON
Date of last notice	2/12/2009

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	INDIRECT	INDIRECT
Nature of indirect interest	1.	Faustus Nominees Pty Ltd (director and
(including registered holder)	beneficiary)
Note: Provide details of the circumstances giving rise to the relevantinterest.	2. JCO Investments Pty Ltd (director andbeneficiary)
	3.	MathryPtyLtd (director)
Date of change	15/12/09
No. of securities held prior to change	1.	4,744,502 ord shares
		1,000,000 opts exp 30/9/2011
	2.	125,714 ord shares
		300,000 opts exp 12/7/2013
		60,000 opts exp 27/11/2014
	3.	500,000 ord shares
Class	As	above
Number acquired	3.	25,000 ord shares
Number disposed	Nil
Value/Consideration	$87,653.70
Note: If consideration is non-cash, provide details and estimated valuation

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1. 4,744,502 ord shares 1,000,000 opts exp 30/9/2011 2. 125,714 ord shares 300,000 opts exp 12/7/2013 60,000 opts exp 27/11/2014 3. 525,000 ord shares Nature of change On-market purchase. 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

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.

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002