DIATREME RESOURCES LIMITED — Director's Dealing 2007

Nov 6, 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 DIATREME RESOURCES LIMITED ABN 33 061 267 061

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	Name of Director	LAWRENCE JAMES LITZOW	LAWRENCE JAMES LITZOW
D	ate of last notice	2	9 June 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.

this part.	this part.
Direct or indirect interest			1) DIRECT &2) INDIRECT
Nat(incNotegivin	ure of indirect interestluding registered holder): Provide details of the circumstancesg rise to the relevant interest.		N J Litzow
Dat	e of change		5 Novembe	r 2007
No. of securities held prior tochange	of securities held prior tonge		Direct3,125,526931,753 -126,202 -IndirectWeir River
				- Ord FP Shares (“DRX”)31 October 2007 Options (“DRXO”)30 September 2008 $0.30 Options (unquoted)Consulting Pty Ltd <Weir River Grazing Com
			Superannu	ation Fund A/C>Ord FP Shares (“DRX”)0 September 2008 Options (unquoted)
			363,595 -36,359 - 3E V Litzow

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class	1) 31 October 2007 Options
	2) 31 October 2007 Options
Number acquired	1) 931,753 options exercised
	2) 11,689 options exercised
Number disposed	n/a
Value/Consideration	1) $204,986
Note: If consideration is non-cash, providedetails and estimated valuation	2) $2,572
No. of securities held after	Direct
change	3,125,526 - Ord FP Shares (“DRX”)
	126,202 - 30 September 2008 $0.30 Options (unquoted)
	Indirect
	Weir River Consulting Pty Ltd <Weir River Grazing Company
	Superannuation Fund A/C>
	1,295,348 - Ord FP Shares (“DRX”)
	36,359 - 30 September 2008 Options (unquoted)
	E V Litzow
	2,000,000 - 30 June 2011 Options (unquoted)
	N J Litzow
	40,911 - Ord FP Shares (“DRX”)
	2,922 - 30 September 2008 Options (unquoted)
Nature of change
Example: on-market trade, off-market trade,	Exercise of options
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back

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.

Note: In the case of a company, interests which come withinthis part.	paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in
Detail of contract	n/a
Nature of interest	n/a
Name of registered holder	n/a
(if issued securities)
**Date of change **	n/a
No. and class of securities to	n/a
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration	n/a
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002