EASTERN RESOURCES LIMITED — Director's Dealing 2008

May 14, 2008

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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	Eastern Iron Limited
ABN	70 126 678 037

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Wendy Lynne Corbett
Date of appointment	Appointed 13 November 2007
	(Eastern Iron Limited to commence trading on ASX 16
	May 2008)

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

25,000 Fully paid ordinary shares

250,000 Unquoted options with an exercise price of 25 cents each and expiry date of 19 December 2010

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nainterest	ture of	Number & class of Securi		ties
	Note: Provide details of the circumsthe relevant interest.	tances giving rise to
	David Thomas Corbett – Spouseof Wendy Corbett		25,000 Fully paid ordinary shares

Part 3 – 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.

Part 3 – Director’s interests inNote: In the case of a company, interests which com		contracts
		e within paragraph (ii) of the definition of “notifiable intere		st of a director” should be disclosed in this part.
	Detail of contract		Not applicable
	Nature of interest		Not applicable
	Name of registered holder		Not applicable
	(if issued securities)
	No. and class of securities to		Not applicable
	which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002