DIATREME RESOURCES LIMITED — Director's Dealing 2009

Mar 16, 2009

DIATREME RESOURCES LIMITED

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ABN: 33 061 267 061

Postal Address: P.O Box 10288 Brisbane Adelaide Street QLD 4000 Registered Office: Level 2 87 Wickham Terrace Spring Hill QLD 4000 PH: +61 (0)7 3832 5666 FX: +61 (0)7 3832 5300 www.diatreme.com.au manager@diatreme.com.au

Company Announcement Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

17 March 2009

AMENDED APPENDIX 3Y – MR ANDREW TSANG

On 6 March 2009, at 18:33 EDST, the Company lodged a Change of Director’s Interest Notice for transactions completed by Mr Andrew Tsang (both direct and indirect) for the period 4-6 March 2009. The transactions detailed in the Notice were as advised by Mr Tsang’s stockbroker after market close on 6 March 2009 and represented the most up to date information.

It has today been brought to the Company’s attention by Mr Tsang’s stockbroker that an error occurred on 6 March 2009 wherein 100,000 ordinary shares purchased by Mr Tsang’s spouse were erroneously booked against another client’s account. The matter only came to the attention of the Stockbroker when the order was unable to settle, following which the shares were correctly entered against Chunxiang Zeng.

The Company is acting on this advice immediately by issuing the attached amended Appendix 3Y to replace the Appendix 3Y lodged on 6 March 2009. Please note that it covers the same period being 4-6 March 2009, but now includes the 100,000 ordinary shares purchased by Chunxiang Zeng on 6 March 2009.

All directors were advised of a trading blackout period which commenced effective 7 March 2009.

The company continues to liaise with its directors on a regular basis to be assured that all notifiable interests are released to market in a timely manner and that directors remain aware of the Company’s disclosure responsibilities under ASX Listing Rule 3.19B.

Yours faithfully

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LAWRENCE J LITZOW Company Secretary

Attachment: Amended 6 March 2009 Appendix 3Y

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	27 FEBRUARY 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.

Direct or indirect interest	DIRECT & INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Spouse – Chunxiang Zeng
Date of change	Between 4/3/09 and 6/03/09
No. of securities held prior to change	Direct 17,019,700 Ord FP Shares (“DRX”) Indirect nil
Class	Ordinary FP shares
Number acquired	580,000
Number disposed	NIL
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$86,020 (average approx. $0.148 per share)

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct 17,194,700 Ord FP Shares (“DRX”) Indirect Chunxiang Zeng 405,000 Ord FP Shares (“DRX”)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On-market purchases

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	n/a
Interest after change	n/a

Date: 17-03-2009 - Amended Appendix 3Y

• See chapter 19 for defined terms.

Appendix 3Y Page 2