AMERICAN URANIUM LTD — Director's Dealing 2007

Aug 21, 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	GTI Resources Ltd
ABN	33 124 792 132

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	Gregory Wayne Down
Date of last notice	14 August 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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Deborah June Down (Thornbill A/C –Beneficiary)Terra Firma Investments Pty Ltd ATF (DownSuperannuation Fund No2 – Director &shareholder)
Date of change	17 August 2007
No. of securities held prior to change	1 ordinary share – direct3,100,000 ordinary shares - indirect1,500,000 unlisted options exercisable @ 30cents on or before 19 Dec. 2009 - indirect1,500,000 unlisted options exercisable @ 40cents on or before 19Dec.2011 - indirect
Class	Ordinary shares
Number acquired	100,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	0.2000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1 ordinary share – direct 3,200,000 ordinary shares - indirect 1,500,000 unlisted options exercisable @ 30 cents on or before 19 Dec. 2009 - indirect 1,500,000 unlisted options exercisable @ 40 cents on or before 19 Dec. 2011 - indirect Nature of change Off market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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	N/A
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