ADVANCE METALS LIMITED — Director's Dealing 2008

Nov 3, 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 : Metals Finance Corp

ARBN : 127 131 604

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	Mr Warren Richard Eades
Date of last notice	30 October 2008

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	Indirect Interest
Nature of indirect interest	HFT Nominees Pty Ltd
(including registered holder)	Mr Warren Eades is a Director of HFT
Note: Provide details of the circumstances giving rise to the relevantinterest.	Nominees Pty Ltd
Date of change	31 October 2008
No. of securities held prior to change	3,154,350 (Common Shares)
	600,000 Options exercisable at $0,265 each
	on or before 6 March 2010
Class	Common Shares (CDI’s)
Number acquired	0
Number disposed	0
Value/Consideration	0
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	0 (Common Shares)
	0 (Options)

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Mr Warren Eades, Director of HFT Nominees Pty Ltd has resigned as director on 31 October 2008 and therefore no longer has an indirect interest in the securities of MFC as held by HFT Nominees Pty Ltd

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	Not Applicable
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

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Appendix 3Y Page 2