DIATREME RESOURCES LIMITED — Director's Dealing 2007

Oct 15, 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	DAVID HUGH HALL
Date of last notice	26 JULY 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.
Direct or indirect interest	DIRECT
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances
giving rise to the relevant interest.
Date of change	10/10/07
No. of securities held prior to	Direct
change	2,040,000 Ord FP Shares (“DRX”)
	50,000 October 2007 $0.25 Options (“DRXO”)
	1,500,000 June 2011 $0.50 Options (unquoted)
	24,648 September 2008 $0.30 Options (unquoted)
	Indirect
	D H Hall & L M Hall
	360,000 Ord FP Shares (“DRX”)
	6,840 September 2008 $0.30 Options (unquoted)
	L M Hall
	1,600,000 June 2011 $0.50 Options (unquoted)
	A M Hall
	32,000 Ord FP Shares (“DRX”)
	1,000 September 2008 $0.30 Options (unquoted)
Class	31 October 2007 $0.25 Options (“DRXO”)
Number acquired	50,000 options exercised at $0.25 per option

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed		nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation		$12,500
No. of securities held afterchange		Direct2,090,000 Ord FP Shares (“DRX”)1,500,000 June 2011 $0.50 Options (unquoted)24,648 September 2008 $0.30 Options (unquoted)IndirectD H Hall & L M Hall 360,000 Ord FP Shares (“DRX”)6,840 September 2008 $0.30 Options (unquoted)L M Hall1,600,000 June 2011 $0.50 Options (unquoted)A M Hall32,000 Ord FP Shares (“DRX”)1,000 September 2008 $0.30 Options (unquoted)
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back		Exercise of options

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(if issued securities)	n/a
**Date of change **	n/a
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	n/a
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002