DIATREME RESOURCES LIMITED — Director's Dealing 2008

Feb 21, 2008

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	ANTHONY JOHN FAWDON
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.

	Direct or indirect i	nterest	INDIRECT
	Nature of indirect(including registerNote: Provide details of t	interested holder)he circumstances giving	A J Fawdon & R M Fawdon <The Fawdon Superfund A/C>
	rise to the relevant interest.
	Date of change		19 February 2008
	No. of securities held prior tochange		Direct1,997,997 Ord FP Shares (“DRX”)1,200,000 June 2011 $0.50 Options (unquoted)IndirectA J Fawdon & R M Fawdon <The Fawdon Superfund A/C>965,201 Ord FP Shares (“DRX”)2,500,000 June 2011 $0.50 Options (unquoted)S Y Fawdon141 Ord FP Shares (“DRX”)J J Fawdon141 Ord FP Shares (“DRX”)A P Fawdon141 Ord FP Shares (“DRX”)
	Class		Ordinary Shares
	Number acquired		168,200

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		NIL
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation		$29,769
		Direct1,997,997 Ord FP Shares (“DRX”)1,200,000 June 2011 $0.50 Options (unquoted)IndirectA J Fawdon & R M Fawdon <The Fawdon Superfund A/C>1,133,401 Ord FP Shares (“DRX”)2,500,000 June 2011 $0.50 Options (unquoted)S Y Fawdon141 Ord FP Shares (“DRX”)J J Fawdon141 Ord FP Shares (“DRX”)A P Fawdon141 Ord FP Shares (“DRX”)
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back		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.

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 acontract in relation to which the interesthas changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	n/a
Interest after change	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2