ADMIRALTY RESOURCES NL. — Director's Dealing 2007

Oct 4, 2007

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 30/9/2001.

Name of entity: Admiralty Resources NL

ABN: 74 010 195 972

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	Phillip Thomas
Date of last notice	9 May 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	5 October 2007
No. of securities held prior to change	24,090,100 Ordinary Shares 4,000,000 Options exercisable at $0.10 on or before 27 November 2009
Class	Ordinary Fully Paid Shares
Number acquired	22,750,000 Ordinary Fully Paid Shares
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	22,750,000 Shares acquired @ $0.10
No. of securities held after change	46,840,100 Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change 10,000,000 Options acquired off market from Example: on-market trade, off-market trade, exercise of options, issue of an existing holder and exercised. securities under dividend reinvestment plan, participation in buy-back 8,750,000 Options exercisable on or before 25 July 2010 acquired pursuant to Directors’ remuneration entitlements and exercised. 4,000,000 Options exercisable on or before 27 November 2010 exercised.

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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002