EMMERSON RESOURCES LIMITED — Director's Dealing 2008

May 4, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y (revised)

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	05-12-07

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	30-04-08
No. of securities held prior to change	1,812,500 ORDINARY FULLY PAIDSHARES5,000,000 Options to purchase fully paidordinary shares in the Companyexercisable at 25 cents on orbefore 13 December, 20125,000,000 Options to purchase fully paidordinary shares in the Companyexercisable at 30 cents on orbefore 13 December, 2012
Class	Ordinary
Number acquired	100,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration	$20,000
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after 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
Nature of change	On-market	purchase
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.

==> picture [433 x 313] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002