EMMERSON RESOURCES LIMITED — Director's Dealing 2008

May 11, 2008

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 Emmerson Resources Limited ABN 53 117 086 745

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 Trevor BILLS
Date of last notice	05-05-08

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.	Mr. Bills is a trustee and member of the Bill- Peart Superannuation Fund which has acquired ordinary fully paid shares in Emmerson Resources Limited
Date of change	05-05-2008
No. of securities held prior to change	1,912,500 ORDINARY FULLY PAID SHARES 5,000,000 Options to purchase fully paid ordinary shares in the Company exercisable at 25 cents on or before 13 December, 2012 5,000,000 Options to purchase fully paid ordinary shares in the Company exercisable at 30 cents on or before 13 December, 2012
Class	Ordinary
Number acquired	100,000
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	$19,000
No. of securities held after change	2,012,500 ORDINARY FULLY PAID SHARES held directly and indirectly 5,000,000 Options to purchase fully paid ordinary shares in the Company exercisable at 25 cents on or before 13 December, 2012 held directly 5,000,000 Options to purchase fully paid ordinary shares in the Company exercisable at 30 cents on or before 13 December, 2012 held directly
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in 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.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002