EMERALD RESOURCES NL — Director's Dealing 2010

May 19, 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

20 May 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 Notices” 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	Robert James BERVEN
Date of last notice	6 January 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	Direct & Indirect	Direct & Indirect	Direct & Indirect
	Nature of indirect interest	Direct
	(including registered holder)Note: Provide details of the circumstances giving rise to the	(a) Bob Berven
	relevant interest.	Indirect
		(b) Zadar Hold	ings Pty Ltd
		Mr Berven is aitt i	Director and shareholSti 6083 f th	der. RelevantCti
		neres arses unAct.	er econ () o e	orporaons
		(c) Holdings wi	th spouse and/or fam	ily member
		holdings(d) Berven Co	sultants Pty Ltd
		Mr Berven is a	Director and sharehold	er. Relevant
		interest arises unAct	der Section 608(3) of the	Corporations
		.
	Date of change	19 May 2010
	No. of securities held prior to change	Direct
		(a) Bob Berven
		20,000 Ordinar	y Shares
		Indirect(b) Zadar Hold	ings Pty Ltd
		3,029,054 Ordin	ary Shares
		(c) Holdings wi	th spouse
		120,000 Ordina (d) Berven Co	ry Sharesnsultants Pty Ltd
		20,000 Ordinar	y Shares
+ See chapter 19 for defined terms.
Appendix 3Y Page 2				11/3/2002

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Class	OrdinaryShares
Number acquired	1,000,000 Ordinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$24,000
No. of securities held after change	Direct(a) Bob Berven20,000 Ordinary SharesIndirect(b) Zadar Holdings Pty Ltd4,029,054 Ordinary Shares(c) Holdings with spouse120,000 Ordinary Shares (d) Berven Consultants Pty Ltd20,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	On-market trade.

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