BIOXYNE LIMITED — Director's Dealing 2007

May 31, 2007

www.probiomics.com.au

Australian Stock Exchange limited, SYDNEY

Via: asxonline

Dear Sirs,

This is to advise that the following UNLISTED options have been issued to a Director, as approved at a general meeting of shareholders held on 21 September 2006.

CLASS	EXERCISE PRICE	NO OF OPTIONS
PCCAW – Unlisted employee options expiring 14 September 2008	\$0.10	125.000

Yours sincerely,

Anostin

Paul B Magoffin, Company Secretary, 1 June 2007

Probiomics Limited (formally VRI BioMedical Limited)

Problomics Limited ACN 084 464 193 ABN 97 084 464 193 Suite G09 1 Central Avenue, Australian Technology Park, Eveleigh, Sydney NSW 1430, Australia Phone: +61 2 9209 4268 Fax: +61 2 9209 4256