SUPERIOR RESOURCES LIMITED — Director's Dealing 2013

Oct 15, 2013

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	30/06/2011

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	DAVID JOHN HORTON
Date of change	9/10/2013

No. of securities held prior to change	Direct(a) 20,000 Ordinary Fully Paid Shares
	Indirect(b) David John HORTON & RosalindDenise HORTON (joint holder) 1,575,000ordinary shares
	(c) Horton Family Super Pty Ltd(member) 1,075,000ordinary shares fully paid
	(d) Horton Geoscience Consultants PtyLtd(director&shareholder)25,000Ordinary Shares
Class	Ordinary Fully Paid Shares
Number acquired	(a) 30,000 – (DAVID JOHN HORTON)(c) 2,075,000 – (Horton Family Super PtyLtd)(d)37,500–(HortonGeoscienceConsultants Pty Ltd)
Number disposed	(b) David John HORTON & RosalindDenise HORTON (joint holder) 1,575,000ordinary shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$24,315.00
No. of securities held after change	Direct50,000 Ordinary Fully Paid Shares
	Indirect
	Horton Family Super Pty Ltd <hortonSuperfund>(member) 3,150,000 ordinaryshares fully paid</horton
	Horton Geoscience Consultants Pty Ltd(director & shareholder) 62,500 OrdinaryShares

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Shares acquired pursuant to a rights issue.1,575,000 Shares transferred from DavidJohnHORTON&RosalindDeniseHORTON (joint holder) ordinary sharesto Horton Family Super Pty Ltd <hortonSuperfund> (member) 3,150,000 ordinaryshares fully paid.</horton

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 changeNote: 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 detailsand an estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior written	No
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not Applicable
If prior written clearance was provided, on what date was thisprovided?	Not Applicable

+ See chapter 19 for defined terms.

+ See chapter 19 for defined terms.