DREADNOUGHT RESOURCES LTD — Director's Dealing 2008

Jul 16, 2008

17 July 2008

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General Manager Companies Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Eromanga Uranium Limited (“Company”) – Appendix 3Y

Please find enclosed an Appendix 3Y relating to changes to “notifiable interests” held by a director of the Company, Mr Ewan Vickery. The Company acknowledges the Appendix 3Y is provided late.

The Company confirms it has procedures in place to ensure compliance with ASX Listing Rule 3.19A. The Company’s procedures were not effective in this case due to particular complexities surrounding the manner in which the interests were held.

Relevantly, Mr Vickery’s interests disclosed in the Appendix 3X provided by the Company on 16 November 2006 were interests held by Mr Vickery through a discretionary trust, the trustee of which is Chaffey Consulting Pty Ltd ( Chaffey ). Whether Mr Vickery had a “notifiable interest” in all securities in the Company held by Chaffey is not clear; those interests were disclosed as such in the spirit of making full disclosure of all interests.

Mr Vickery has advised the Company that Chaffey has, by resolution passed on 5 July 2007, restructured the manner in which its securities in the Company are held, with the effect that the extent of Mr Vickery’s “notifiable interests” in securities in the Company held by Chaffey is now clear.

Specifically, as disclosed in the accompanying Appendix 3Y, it is now clear that Mr Vickery no longer holds a “notifiable interest” in any of the securities in the Company held by Chaffey, save in respect of:

• 256,327 shares; and

• 227,125 options.

Given previous complexities surrounding the nature of Mr Vickery’s interest in the shares held by Chaffey, including the uncertainty as to whether those interests were “notifiable interests” within the meaning of the ASX Listing Rules, it has been difficult for the Company to maintain consistent compliance with ASX Listing Rule 3.19A.

62 Beulah Road PO Box 3126 telephone 61 8 8132 7970 Norwood 5067 Norwood 5067 facsimile 61 8 8132 7999 South Australia South Australia email info@eromangauranium.com

Eromanga Uranium Ltd ABN 40 119 031 864

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The restructure implemented by the resolution passed by Chaffey on 5 July 2007 has simplified the manner in which Mr Vickery’s interests are held, and will ensure consistent compliance with the Company’s obligations under ASX Listing Rule 3.19A in the future.

Yours sincerely,

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Richard Willson Company Secretary

PO Box 3126 telephone 61 8 8132 7970 Norwood 5067 facsimile 61 8 8132 7999 South Australia email info@eromangauranium.com

Eromanga Uranium Ltd ABN 40 119 031 864

62 Beulah Road Norwood 5067 South Australia

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: EROMANGA URANIUM LIMITED

ABN: 40 119 031 864

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	EWAN JOHN VICKERY
Date of last notice	27 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 interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	CHAFFEY CONSULTING PTY LTD, Mr E J Vickery is a Director & Chaffey Consulting P/L is trustee of the Chaffey Trust of which Mr E J Vickery is one of the persons who may be a beneficiary. VICKERY SUPER FUND, Mr E J Vickery is one of the trustees and a member.
Date of change	5 JULY 2007
No. of securities held prior to change	CHAFFEY CONSULTING PTY LTD 214,001 Ordinary Shares. 3,736,000 Ordinary Shares (held in escrow until 31 October 2008) 3,500,000 Options over Ordinary Shares, exercisable at $0.30, expiring 30 June 2011 (held in escrow until 31 October 2008) VICKERY SUPER FUND 100,000 Ordinary Shares.
Class	Ordinary Shares
Number acquired	Nil
Number disposed	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A
No. of securities held after change	CHAFFEY CONSULTING PTY LTD 13,887 Ordinary Shares. 242,440 Ordinary Shares (held in escrow until 31 October 2008) 227,125 Options over Ordinary Shares, exercisable at $0.30, expiring 30 June 2011 (held in escrow until 31 October 2008) VICKERY SUPER FUND 100,000 Ordinary Shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	See covering letter for detailed explanation.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002