SANDFIRE RESOURCES LIMITED — Director's Dealing 2012

Sep 23, 2012

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. Amended 01/01/11.

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	KARL MATTHEW SIMICH
Date of last notice	16 December 2010

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 relevantinterest.	1. Resource Development Company Pty Ltd (ATFResource Development Discretionary Trust) -Director and beneficiary.2. Tongaat Pty Ltd (ATF Blue Seas Trust) - Directorand beneficiary.3. Kape Securities Pty Ltd (ATF Blue Seas SuperFund) - Trustee and beneficiary.
Date of change	19 September 2012
No. of securities held prior to change	1. 2,036,786 fully paid ordinary shares.2. 318,199 fully paid ordinary shares;2,400,000 unlisted options expiring 12/7/2013; and600,000 unlisted options expiring 27/11/2014.3. 1,554,750 fully paid ordinary shares.
Class	As above.
Number acquired	2. 800,000 ordinary fully paid shares as a result ofthe exercise of unlisted options expiring12/7/2013.
Number disposed	1. 150,000 fully paid ordinary shares.2. 150,000 fully paid ordinary shares; and800,000 unlisted options expiring 12/7/2013exercised to ordinary fully paid shares.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1. $1,320,000.2. $1,320,000; and$480,000.
No. of securities held after change	1. 1,886,786 fully paid ordinary shares.2. 968,199 fully paid ordinary shares;1,600,000 unlisted options expiring 12/7/2013; and600,000 unlisted options expiring 27/11/2014.3. 1,554,750 fully paid ordinary shares.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	1. On market sale.2. On market sale; and800,000 shares issued on exercise of optionsexpiring 12 July 2013 at $0.60 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.

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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

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No. above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date N/A was this provided?

• See chapter 19 for defined terms.

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