ADMIRALTY RESOURCES NL. — Director's Dealing 2008

Mar 27, 2008

ASX Company Announcement

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Admiralty Resources NL ACN 010 195 972

Level 14, 200 Queen Street Melbourne VIC 3000

[t] +61-3-9670 1838 [f] +61-3-9670 1898 [w] www.ady.com.au

28 March 2008

Australian Stock Exchange Limited Company Announcements Office

Dear Sir,

Director’s Shareholding securing Margin Loan

The Company has become aware today that stockbroker Opes Prime Group Limited has been placed into receivership by the ANZ Bank today.

Director Phillip Thomas has advised the Company that entities associated with him have a margin lending arrangement with Opes Prime with a facility balance of $2.85 million , with a current gearing ratio of 55%. It is now expected that this margin loan will need to be repaid or refinanced as a result of Opes Prime Group Limited being placed into receivership.

Yours faithfully, ADMIRALTY RESOURCES NL

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Stephen Prior Secretary.

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