DEEP YELLOW LIMITED — Director's Dealing 2009

Oct 7, 2009

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ASX Announcement

ASX Code: DYL

08 October 2009

The Companies Announcement Office Australian Stock Exchange Limited Level 10 Exchange Centre 20 Bond Street SYDNEY NSW 2000

Dear Sirs

Change in Director Interests

The Company refers to Note 22 in the Deep Yellow Limited Annual Report 2008 and advises on 2 October 2009 12,311,378 ordinary shares in DYL were transferred back to G Swaby as part of a confidential settlement reached with LIFT Capital Partners Pty Ltd and a creditor of Lift Capital Partners Pty Ltd.

A Form 3Y for Ms Swaby is attached.

Regards

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Mark Pitts Company Secretary

Level 1 329 Hay Street Subiaco WA 6008 / PO Box 1770 Subiaco WA 6904 Tel : 61 8 9286 6999 / Fax : 61 8 9286 6969 / ABN 97 006 391 948 Email: admin@deepyellow.com.au / Website: www.deepyellow.com.au

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	DEEP YELLOW LIMITED
ABN	97 006 391 948

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	GILLIAN SWABY
Date of last notice	28 November 2008

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gillian Swaby Strategic Consultants Pty Ltd of which G Swabyis a director and shareholder
Date of change	2nd to 6th October 2009
No. of securities held prior to change	32,122,570 Ordinary shares 3,000,000 unlisted options exercisable at 55.1 c before 30.11.09
Class	Ordinary Shares
Number acquired (Refer note 1 below)	3,425,000
Number disposed (Refer note 2 below)	588,272 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1,133,636.19 in relation to purchases
No. of securities held after change	34,959,298 Ordinary shares 3,000,000 unlisted options exercisable at 55.1 c before 30.11.09

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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

1. Balance on- market trade 2. 12,311,378 ordinary shares in Deep Yellow Limited have been transferred back to G Swaby as part of a confidential settlement reached with Lift Capital Partners Pty Ltd and a creditor of Lift Capital Partners Pty Ltd. Previous disclosure had included 12,900,000 as being subject to litigation, however, only 12,311,378 were returned. Hence the reduction of 588,272 ordinary shares.

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 2