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 30/9/2001. Amended 01/01/11

Name of entity CRUSADER RESOURCES LIMITED

ABN 94 106 641 963

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

Robert Michael Smakman

Date of last notice

23 May 2016

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

Nature of indirect interest (including registered holder)

Note: Provide details of the circumstances giving rise to the relevant interest.

Robert Smakman and Itta Somaia

Robert Smakman and Itta Somaia (Trustee and beneficiary)Robert Smakman and Itta Somaia (Member)

Itta Somaia (Wife)

Blue Bone Enterprises (WA) Pty Ltd (Director)

Date of change

23 December 2016

No. of securities held prior to change

Robert Smakman

Robert Smakman and Itta Somaia Bundi Family Trust

Two Ten Superfund Itta Somaia

Blue Bone Enterprises (WA) Pty Ltd

617,647 Ordinary Shares

916,667 Unlisted Options($0.43, 7/8/17) 1,000,000 Unlisted Options ($0.52, 14/8/18)

48,000 Ordinary Shares

783,069 Ordinary Shares

207,500 Ordinary Shares

44,571 Ordinary Shares

3,068,571 Ordinary Shares

+ See chapter 19 for defined terms.

1/1/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Class

Ordinary Shares

Number acquired

384,615 Ordinary Shares

Number disposed

nil

Value/Consideration

Note: If consideration is non-cash, provide details and estimated valuation

$50,000

No. of securities held after change

Robert Smakman

Robert Smakman and Itta Somaia Bundi Family Trust

Two Ten Superfund Itta Somaia

Blue Bone Enterprises (WA) Pty Ltd

1,002,262 Ordinary Shares

916,667 Unlisted Options ($0.43, 7/8/17) 200,000 Unlisted Options ($0.15, 31/12/17) 1,000,000 Unlisted Options ($0.52, 14/8/18)

48,000 Ordinary Shares

783,069 Ordinary Shares

207,500 Ordinary Shares

44,571 Ordinary Shares

3,068,571 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

Participation in placement pursuant to a Resolution of a General Meeting of Shareholders on 25 November 2016.

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

Interest acquired

Interest disposed

Value/Consideration

Interest after change

+ See chapter 19 for defined terms.

Appendix 3Y Page 2 11/3/2002

Part 3 - +Closed period Appendix 3Y Change of Director's Interest Notice

Were the interests in the securities or contracts detailed above traded during a +closed period where prior

written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

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

+ See chapter 19 for defined terms.

1/1/2011 Appendix 3Y Page 3

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