EMMERSON RESOURCES LIMITED — Director's Dealing 2010

May 5, 2010

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	17-02-2010

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Bills Peart Superannuation Fund, of which Mr. Bills is a Trustee.
Date of change	4 May, 2010
No. of securities held prior to change	1,992,500 ORDINARY FULLY PAID SHARES held directly and 309,100 ORDINARY FULLY PAID SHARES held 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
Class	Ordinary
Number acquired	N/a
Number disposed	N/a

• 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	N/a
No. of securities held after change	1,278,500 ORDINARY FULLY PAID SHARES held directly and 1,023,100 ORDINARY FULLY PAID SHARES held 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,
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestmentplan, participation in buy-back	Off-market transfer to Bill Bert Superannuation Fund, of which Mr. Bills is a Trustee.

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002