SAVANNAH GOLDFIELDS LIMITED — Director's Dealing 2005

Sep 22, 2005

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 RENISON CONSOLIDATED MINES NL
l ABN	75 003 049 714

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	Stephen Grant Bizzell
Date of last notice	15 April 2005

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	Direct and Indirect
Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the refevant interest.	Own name Director & shareholder of Bizzell Nominees Pty Ltd and beneficiary of trust that Bizzell Nominees Pty Ltd is trustee of
	Securities registered in the name of ANZ Nominees Ltd as nominee (beneficially owned by myself, Sally Bizzell (wife), Bizzell Nominees Pty Ltd as trustee and Pine Mountain Pty Ltd as trustee). Sally Diane Bizzell (wife of director)
Date of change	20 & 23 September 2005

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	13,214,323 ordinary shares (RSN), 6,658,970 partly paid ordinary shares (RSNCE), 224,351 convertible notes (RSNG) and 6,000,000 Director Options held as follows:
Own name	6,000,000 Director Options
Bizzell Nominees Pty Ltd as trustee	239,567 ordinary shares and 219,300 partly paid ordinary shares
ANZ Nominees Ltd (as nominee, holdings beneficially owned by Stephen Grant Bizzell, Sally Bizzell (wife), Pine Mountain Pty Ltd as trustee and Bizzell Nominees Pty Ltd as trustee)	$12,194,323$ ordinary shares, 6,439,670 partly paid ordinary shares and 224,351 convertible notes
Sally Diane Bizzell (wife of director)	30,000 ordinary shares and
Class	Ordinary Shares
Number acquired	3,000,000 (upon exercise of options)
Number disposed	2,500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$400,000 for option exercise $$522,112.50$ sale proceeds

⁺ See chapter 19 for defined terms.

No. of securities held after change	13,714,323 ordinary shares (RSN), 6,658,970 partly paid ordinary shares (RSNCE), 224,351 convertible notes (RSNG) and 3,000,000 Director Options held as follows:
Own name	3,000,000 Director Options
Bizzell Nominees Pty Ltd as trustee	239,567 ordinary shares 219,300 partly paid ordinary shares and
ANZ Nominees Ltd (as nominee, holdings beneficially owned by Stephen Grant Bizzell, Sally Diane Bizzell (wife), Pine Mountain Pty Ltd as trustee and Bizzell Nominees Pty Ltd as trustee)	13,444,756 ordinary shares 6,439,670 partly paid ordinary shares and 224,351 convertible notes
Sally Diane Bizzell (wife of director)	30,000 ordinary 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	Exercise of Options, on-market trade

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. & 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

⁺ See chapter 19 for defined terms.

Interest after change
-----------------------	--

⁺ See chapter 19 for defined terms.