ADMIRALTY RESOURCES NL. — Director's Dealing 2008

May 5, 2008

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 DirectorDate of last notice	Phillip Thomas5 October 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 or indirect interest	Direct and Indirect
	Nature of indirect interest
	(including registered holder)N Pid dil f h i ii i h l
	ote: rove etas o te crcumstances gvng rse to te reevantinterest.Date of chane		6 M 2008
	gNo. of securities held prior to changeClassNumber acquiredNumber disposed		ay46,840,100 Ordinary SharesOrdinary Fully Paid Shares810,000 Ordinary Fully Paid Shares19600000 Ordinary Fully Paid Shares
			,,
	Value/ConsiderationNt If idti i h id dtil d ti	td	810,000 Shares acquired @ 0.18
	oe: conseraon s non-cas, prove eas an esmvaluation	ae
	No. of securities held after change		28,050,100 Ordinary Shares
+ See chater 19 for defined terms

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change 810,000 Shares acquired on market. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back 19,600,000 Shares disposed of to Opes Prime Stockbroking under securities lending facility.

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002