Golden West Resources Limited : Change of Director`s Interest Notice - Appendix 3Y

Appendix 3Y

Change of Director's Interest Notice

Appendix 3Y Change of Director's Interest Notice

Rule 3.19A.2

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 Golden West Resources Limited

ABN 54 102 622 051

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	Michael Wilson
Date of last notice	29 November 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 relevant interest.	N/A
Date of change	31 December 2011
No. of securities held prior to change		(a) 2,084,438 Shares (b) 1,500,000 Options (c) 4,000,000 Options
Class		(a) Ordinary fully paid shares (b) Unlisted Options exercisable at $3.00 expiring 31 December 2011 (c) Unlisted Options exercisable at $0.58 expiring 22 November 2015
Number acquired	Nil
Number disposed	1,500,000 Unlisted Options exercisable at $3.00 expiring 31 December 2011

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	(a) 2,084,438 shares (b) 4,000,000 Unlisted Options exercisable at $0.58 expiring 22 November 2015
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Expiry without exercise of 1,500,000 Unlisted Options on 31 December 2011

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

+ See chapter 19 for defined terms.

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