CANNINDAH RESOURCES LIMITED — Director's Dealing 2007

Nov 22, 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 QUEENSLAND ORES LIMITED

ABN 35 108 146 694

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	Kenneth Dredge
Date of last notice	3 May 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.

	Name of Director	Kenneth Dredge	Kenneth Dredge	Kenneth Dredge	Kenneth Dredge
	Date of last notice	3 May 2007
Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the res				ponsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition o				f “notifiable interest of a director” should be
disclosed in this part.
	Direct or indirect interest		Indirect	interest
	Nature of indirect interest		Mr Dre	dge has an indirect beneficial interes	t
	(including registered holder)Note: Provide details of the circumstances ivin rise to the relevant		in share	s and options held by KH Dredge
	gginterest.		Nomine	es Pty Ltd Superannuation Fund
	Date of change		22 Nove	mber 2007
	No. of securities held prior to change		318,000
	Class		Ordinar	y
	Number acquired		100,000
	Number disposed		nil
	Value/ConsiderationNote: If consideration is non-cash rovide details and estimated		$30,500
	, pvaluation
	No. of securities held after change		418,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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

Nature of change

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 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