EQ RESOURCES LIMITED — Director's Dealing 2007

May 10, 2007

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	, Icon Resources Ltd (ASX Code: III)
ABN	-77 115 009 106

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	Stephen Bartrop
Date of last notice	30 November 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	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Troppo Resources Pty Ltd is a company associated with Stephen Bartrop
Date of change	$8 - 11$ May 2007
No. of securities held prior to change	210,000 shares in the name of Stephen Bartrop 5,220,457 shares indirectly
Class	Fully paid ordinary shares
Number acquired	35,500 shares in the name of Stephen Bartrop purchased between 8 and 11 May 2007 (\$12,666) 35,000 shares indirectly on 8 May 2007
Number disposed	(\$12,860) Nil

⁺ See chapter 19 for defined terms.

Value/Consideration Note: If consideration is non-eash, provide details and estimated valuation.	\$25,525.44 (34¢ - 37¢ per share)
No. of securities held after change	245,500 shares in the name of Stephen Bartrop 5,255,457 shares indirectly
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back.	Shares purchased on market

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	None
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-eash, provide details and an estimated valuation.
Interest after change

Appendix 3Y - 11 May 2007 - S Bartrop

⁺ See chapter 19 for defined terms.