SANDFIRE RESOURCES LIMITED — Director's Dealing 2009

Oct 29, 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	MILES ALISTAIR KENNEDY
Date of last notice	4/9/2009

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. Resource Development Company Pty Ltd ATF Resource Development Discretionary Trust (director and beneficiary) 2. Resource Development Company Pty Ltd ATF Miles Kennedy Trust (director and beneficiary) 3. MAK Super (WA) Pty Ltd ATF MAK Superannuation Fund 4. Kennedy Holdings (WA) Pty Ltd in trust for CTH James and JE James 5. Kennedy Holdings (WA) Pty Ltd ATF KennedyFamilyTrust
Date of change	30/10/2009
No. of securities held prior to change	1. 85,312 ord shares 753,134 contributing shares 2. 628 ord shares 3. 900,000 unlisted director options 4. 20,625 ord shares 5. 5,428 ord shares
Class	As above
Number acquired	1. 753,134 ord shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	1. 85,312 ord shares 753,134 contributing shares paid up to fully paid shares 2. 628 ord shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$312,680 ord shares $112,970.10 contributing shares
No. of securities held after change	1. 753,134 ord shares 3. 900,000 unlisted director options 4. 20,625 ord shares 5. 5,428 ord shares
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 trades and conversion of contributing shares at $0.15 per share.

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