DIATREME RESOURCES LIMITED — Director's Dealing 2009

May 27, 2009

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.

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	ANDREW TSANG
Date of last notice	19 MAY 2009

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 givingrise to the relevant interest.
Date of change	28/05/09
No. of securities held prior tochange	Direct17,571,700 Ord FP Shares (“DRX”)IndirectChunxiang Zeng3,000,000 Ord FP Shares (“DRX”)
Class	Ordinary FP shares
Number acquired	11,000,000
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$1,540,000 ($0.14 per share)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held afterchange	Direct28,571,700 Ord FP Shares (“DRX”)IndirectChunxiang Zeng3,000,000 Ord FP Shares (“DRX”)
Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Placement approved by shareholders at AGM on 28 May2009.

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.

this part.
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

Date: 28-05-2009 - Appendix 3Y

• See chapter 19 for defined terms.

Appendix 3Y Page 2