CENTAURUS METALS LIMITED — Director's Dealing 2006

Jul 16, 2006

Appendix 3Y

Rule 3.19A.2

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	Glengarry Resources Limited
IA BN	40 009 468 099

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	David Ross Richards
Date of last notice	$8$ May 2006

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Wan Lai Richards - spouse
Date of change	14 July 2006 grant new options 30 June 2006 expiry of options
No. of securities held prior to change	Direct 441,007 ordinary shares Indirect 500,000 options exercisable at 10 cents and expiring 30 June 2006 500,000 options exercisable at 15 cents and expiring 30 June 2007
Class	Options
Number acquired	2,000,000
Number disposed	500,000 options expired 30 June 2006
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

No. of securities held after change
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Direct 441,007 ordinary shares Indirect 500,000 options exercisable at 15 cents and expiring 30 June 2007 500,000 options exercisable at 11 cents and expiring 10 April 2011 500,000 options exercisable at 13 cents and expiring 10 April 2011 1,000,000 options exercisable at 15 cents and expiring 10 April 2011

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

17 July 2006

$+$ See chapter 19 for defined terms.