EMERALD RESOURCES NL — Director's Dealing 2010

Sep 20, 2010

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Suite 2, 12 Parliament Place West Perth WA 6005 Ph: 08 9482 0510 Fx: 08 9482 0505 Email: info@emeraldoilandgas.com www.emeraldoilandgas.com

21 September 2010

Centralised Company Announcements Platform Australian Stock Exchange 10[th] floor, 20 Bond Street Sydney NSW 2000

APPENDIX 3Y – CHANGE OF DIRECTORS INTEREST NOTICE

Please find attached an Appendix 3Y “Change in Director’s Interest Notice” for Emerald Oil & Gas NL.

Yours faithfully,

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Morgan Barron Company Secretary

Appendix 3Y Change of Director’s Interest Notice

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 EMERALD OIL & GAS NL ABN 72 009 795 046

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	John Andrew HANNAFORD
Date of last notice	21 September 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 & Indirect
Nature of indirect interest	Direct
(including registered holder)Note: Provide details of the circumstances giving rise to the	Held byJohn Hannaford
relevant interest.
	Indirect
	Held byEmma Hannaford(spouse)
	Securities held byRiverview Corporation Pty
	Ltd. Mr Hannaford is a Director and shareholder.
	Relevant interest arises under Section 608(3) of
	the Corporations Act.)
Date of change	17 September 2010
No. of securities held prior to change	Direct
	John Hannaford
	2,328,563 Ord Shares
	570,260 listed options exercisable at $0.05 each
	expiring on or before 31 August 2012
	Indirect
	Emma Hannaford (spouse)
	2,328,563 Ord Shares
	570,260 listed options exercisable at $0.05 each
	expiring on or before 31 August 2012
	Riverview Corporation Pty Ltd
	1,597,095 Ord Shares
	391,125 listed options exercisable at $0.05 each
	expiring on or before 31 August 2012

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Class		Ordinary Shares
Number acquired		500,000 ordinary shares
Number disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$11,500
No. of securities held after change		DirectJohn Hannaford2,828,563 Ord Shares570,260 listed options exercisable at $0.05 eachexpiring on or before 31 August 2012IndirectEmma Hannaford (spouse)2,328,563 Ord Shares570,260 listed options exercisable at $0.05 eachexpiring on or before 31 August 2012Riverview Corporation Pty Ltd1,597,095 Ord Shares391,125 listed options exercisable at $0.05 eachexpiring on or before 31 August 2012
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back		On-market purchase

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
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change