SUPERIOR RESOURCES LIMITED — Director's Dealing 2016

Jan 31, 2016

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	Peter Hwang
Date of last notice	25/12/2014

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.
Date of change	29/01/2016
No. of securities held prior to change	DirectPeter Henry Hwang274,641 Ordinary Fully Paid SharesIndirectHBH Family Pty Ltd <hbh investment<br="">Trust>3,983,333 Ordinary Fully Paid Shares
Class	Ordinary Fully Paid Shares
Number acquired	2,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$20,000

+ See chapter 19 for defined terms.

No. of securities held after change	DirectPeter Henry Hwang274,641 Ordinary Fully Paid Shares
	IndirectHBH Family Pty Ltd <hbh investment<br="">Trust>5,983,333 Ordinary Fully Paid Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Subscription for shares - Placement

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: 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 periodwhere prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?

+ See chapter 19 for defined terms.

If prior written clearance was provided, on what date was this
provided?

+ See chapter 19 for defined terms.