SANDFIRE RESOURCES LIMITED — Director's Dealing 2009

Nov 3, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

AMENDED 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	27/8/2009

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. Faustus Nominees Pty Ltd (director and beneficiary) 2. JCO Investments Pty Ltd (director and beneficiary) 3.MathryPtyLtd (director)
Date of change	4/11/2009
No. of securities held prior to change	1. 5,744,502 ord shares 1,000,000 opts exp 30/9/2011 2. 125,714 ord shares 300,000 opts exp 12/7/2013 3. 500,000 ord shares
Class	As above
Number acquired	Nil
Number disposed	1. 1,000,000 ord fully paid shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$3.55 per share
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 3. 500,000 ord shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

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

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 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

11/3/2002