BEACON MINERALS LIMITED — Director's Dealing 2007

Sep 12, 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	BEACON MINERALS LIMITED
ABN	64 119 611 559

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	Matthew Egan
Date of last notice	3 April 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

Direct or indirect interest	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Mywest Investments Pty Ltd ATF theBannister trust. Mr Egan is a beneficiary ofthe trust.
Date of change	6 September 2007
No. of securities held prior to changeMywest Investments Pty Ltd ATF theBannister trust. Mr Egan is a beneficiary of thetrust.Centreline Drilling Pty Ltd (Mr Egan is aDirector and shareholder of the company).Matthew Egan	1,210,000 ordinary fully paid shares605,000 Options exercisable at 20 cents onor before 31 August 201061,947 ordinary fully paid shares30,974 Options exercisable at 20 cents on orbefore 31 August 20102,000,000 Options exercisable at 20 cents onor before 31 May 2011
Class	Ordinary shares
Number acquired	17,500

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$4,100
No. of securities held after changeMywest Investments Pty Ltd ATF theBannister trust. Mr Egan is a beneficiary of thetrust.Centreline Drilling Pty Ltd (Mr Egan is aDirector and shareholder of the company).Matthew Egan	1,210,000 ordinary fully paid shares605,000 Options exercisable at 20 cents onor before 31 August 201079,447 ordinary fully paid shares30,974 Options exercisable at 20 cents on orbefore 31 August 20102,000,000 Options exercisable at 20 cents onor before 31 May 2011
Nature of changeExample: on-market trade, off-market trade, exercise of options,issueofsecuritiesunderdividendreinvestmentplan,participation in buy-back	On market purchase

Part 2 – Change of director’s interests in contracts

Detail of contract	Not applicable
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001