SUPERIOR RESOURCES LIMITED — Director's Dealing 2011

Jul 3, 2011

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 30/09/01 Amended 01/01/11

Name of entity SUPERIOR RESOURCES LIMITED ABN 72 112 844 407

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	DAVID JOHN HORTON
Date of last notice	14/11/2007

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
Nature of indirect interest	DAVID JOHN HORTON
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.
Date of change	30/06/2011
No. securities held prior to change	Direct
	20,000 Ordinary fully paid shares
	2,000,000 30/06/2011 options (unquoted)
	Indirect
	David John HORTON & Rosalind Denise
	HORTON (joint holder) 1,575,000 ordinary
	shares
	Horton Family Super Pty Ltd < Horton Super
	Fund> (member) 1,075,000 Ordinary shares
	Fully Paid
	Horton Geoscience Consultants Pty Ltd
	(director & shareholder) 25,000 Ordinary
	Shares

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Unlisted Options
Number acquired		0
Number disposed		2,000,000 options expired
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation		$0
No. of securities held after change		Direct20,000 Ordinary fully paid sharesIndirectDavid John HORTON & Rosalind DeniseHORTON (joint holder) 1,575,000 ordinarysharesHorton Family Super Pty Ltd < HortonSuperFund> (member) 1,075,000 Ordinaryshares Fully PaidHorton Geoscience Consultants Pty Ltd(director & shareholder) 25,000 OrdinaryShares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back		Expiry of Unlisted Options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

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 trade	Not Applicable
to proceed during this period?
If prior written clearance was provided, on what date was this	Not Applicable
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3