DIATREME RESOURCES LIMITED — Director's Dealing 2007

Jul 25, 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	29 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.
Direct or indirect interest	DIRECT & INDIRECT
Nature of indirect interest	D H Hall & L M Hall
(including registered holder)
Note: Provide details of the circumstances
giving rise to the relevant interest.
Date of change	1) Exercise of options: 24/07/07
	2) Disposal of options: 24/07/07
No. of securities held prior to	Direct
change	2,026,432 Ord FP Shares (“DRX”)
	175,000 October 2007 $0.25 Options (“DRXO”)
	1,000,000 June 2011 $0.50 Options (unquoted)
	38,216 September 2008 $0.30 Options (unquoted)
	Indirect
	D H Hall & L M Hall
	333,491 Ord FP Shares (“DRX”)
	33,349 September 2008 $0.30 Options (unquoted)
	1,100,000 June 2011 $0.50 Options (unquoted)
	L M Hall
	1,000,000 June 2011 $0.50 Options (unquoted)
	A M Hall
	32,000 Ord FP Shares (“DRX”)
	1,000 September 2008 $0.30 Options (unquoted)
Class	1) 30 September 2008 $0.30 Options (unquoted)
	2) 31 October 2007 $0.25 Options (“DRXO”)
Number acquired	1) 13,568 DIRECT and 26,509 INDIRECT options exercised at
	$0.30 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	Number disposed		2) 125,000 “DRXO” options
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation			1) $12,023.10 paid to exercise options2) $0.27 per option
No. of securities held afterchange			Direct2,040,000 Ord FP Shares (“DRX”)50,000 October 2007 $0.25 Options (“DRXO”)1,000,000 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)1,100,000 June 2011 $0.50 Options (unquoted)L M Hall1,000,000 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			1) Exercise of options2) On-market trade

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.

Deta	il of contract	n/a
Nat	re of interest	n/a
Nam(if is	e of registered holder	n/a
	sued securities)
Date	**of change **	n/a
No.whicchanNote:to whic	and class of securities to	n/a
	h interest related prior togeDetails are only required for a contract in relationh the interest has changed
Inte	rest acquired	n/a
Inte	rest disposed	n/a
ValuNote: Ian esti	e/Considerationf consideration is non-cash, provide details andmated valuation	n/a
Inte	rest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002