EML PAYMENTS LIMITED — Director's Dealing 2006

May 7, 2006

Appendix 3Y

Rule 3.19A.2

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:	AUSTRALASIA GOLD LIMITED
ABN:	93 104 757 904

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	TREVOR JOHN IRELAND
Date of last notice	19 APRIL 2006

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.	NICHOLAS IRELAND
Date of change	11 APRIL 2006

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	DIRECT
	367,832 listed ordinary shares ٠
	441,329 unlisted escrowed ordinary ٠
	shares
	119,546 listed options to purchase ٠
	ordinary shares for 20 cents exercisable
	to 30 June 2008
	285,035 unlisted options to purchase
	ordinary shares for 20 cents exercisable
	to 30 June 2008, escrowed til 19 January
	2008
	INDIRECT
	189,918 listed ordinary shares ٠
	17,500 unlisted escrowed ordinary shares $\bullet$
	95,959 listed options to purchase $\bullet$
	ordinary shares for 20 cents exercisable
	to 30 June 2008
	8,750 unlisted options to purchase $\bullet$
	ordinary shares for 20 cents exercisable
	to 30 June 2008 escrowed til 19 January
	2008.
Class	Ordinary shares
Number acquired	DIRECT
	NIL
	INDIRECT
	8,855
Number disposed	DIRECT NIL
	INDIRECT nil
Value/Consideration	DIRECT
Note: If consideration is non-eash, provide details and estimated valuation	N/A
	INDIRECT
	\$2,125,20

⁺ See chapter 19 for defined terms.

No. of securities held after change	DIRECT
	367,832 listed ordinary shares
	441,329 unlisted escrowed ordinary
	shares
	119,546 listed options to purchase
	ordinary shares for 20 cents exercisable
	to 30 June 2008
	285,035 unlisted options to purchase
	ordinary shares for 20 cents exercisable
	to 30 June 2008, escrowed til 19 January
	2008
	INDIRECT
	198,773 listed ordinary shares
	17,500 unlisted escrowed ordinary shares
	95,959 listed options to purchase
	ordinary shares for 20 cents exercisable
	to 30 June 2008
	8,750 unlisted options to purchase
	ordinary shares for 20 cents exercisable
	to 30 June 2008 escrowed til 19 January
	2008.
Nature of change	On market trade
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment 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	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.