DIATREME RESOURCES LIMITED — Director's Dealing 2011

Apr 11, 2011

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 30/09/01 Amended 01/01/11

Name of entity	DIATREME RESOURCES LIMITED
ABN	33 061 267 061
Date of Notice	12 April 2011

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	25 June 2010

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		AJ & RM & JJ FAWDON
		6 April 2011
No. of securities held prior to change		Direct (a) 1,767,997 Shares (b) 2,500,000 Unlisted Options exercisable at 47 cents before 30/6/2011 Indirect AJ & RM & JJ Fawdon -: 1,513,401 Shares 2,500,000 Unlisted Options exercisable at 47 cents before 30/6/2011 SY Fawdon – 141 Shares JJ Fawdon – 141 Shares AP Fawdon – 141 Shares
Class		Ordinary fully paid shares plus free attaching listed options
Number acquired		Direct – 32,003 Shares & 32,003 Listed Options Indirect - 211,176 Shares & 211,176 Listed Options
Number disposed		SY Fawdon – 141 Shares, JJ Fawdon – 141 shares and AP Fawdon–141 shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Value/Consideration	Direct - $2,560.24
Note: If consideration is non-cash, provide details and estimated valuation		Indirect - $16,894.08 Disposal – nil. Lapse of notifiable interest only.
No. of securities held after		Direct
change		1,800,000 Shares
		32,003 Listed Options exercisable at 15 cents before 30/9/2013
		2,500,000 Unlisted Options exercisable at 47 cents	before 30/6/2011
		Indirect
		AJ & RM & JJ Fawdon	-:
		1,724,577 Shares
		211,176 Listed Options exercisable at 15 cents before 30/9/2013
		2,500,000 Unlisted Options exercisable at 47 cents	before 30/6/2011
Nature	of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment		Issue of shares and options under Rights Issue Prospectus dated 23 February 2011. Disposal represents lapse of notifiable interest only.
plan, participation in buy-back

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts Yes detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow No, participation in an offer made to the trade to proceed during this period? all security holders is exempt. Disposal represents lapse of notifiable interest only.

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011