FENIX RESOURCES LTD — Director's Dealing 2010

Jul 5, 2010

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6 July 2010

Company Announcements Office Australian Securities Exchange Level 4 20 Bridge St Sydney NSW 2000

Appendix 3Y – Change of Directors Interest Notice

Please find attached Appendix 3Y Change of Directors Interest Notice for Mr George McMaster.

Emergent Resources Limited

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Kevin Hart Company Secretary

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 Emergent Resources Ltd ABN 68 125 323 622

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	George James McMaster
Date of last notice	23 February 2009

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	Indirect interest held Mr G J McMaster and Mrs
(including registered holder)	T M McMaster ATF Dalpura Superannuation
Note: Provide details of the circumstances giving rise to the relevant	Fund
interest.
Date of change	29 June 2010
No. of securities held prior to change
Direct	592,500 Ordinary fully paid shares
	458,750 Listed options - 20 cents expiring 30/9/2010
Indirect	2,500,000 Ordinary fully paid shares
	2,483,620 Listed options - 20 cents expiring 30/9/2010
	500,000 Unlisted options - 20 cents expiring 31/8/2012
Class
	Ordinary fully paid shares
Number acquired
	458,750 ordinary fully paid shares
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/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.20 each on exercise of listed options
	No. of securities held after changeDirectIndirect	1,051,250 Ordinary fully paid shares2,500,000 Ordinary fully paid shares2,483,620 Listed options - 20 cents expiring 30/9/2010500,000 Unlisted options - 20 cents expiring 31/8/2012
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of listed options at $0.20 each on or before 30September 2010

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/a
Interest acquired	N/a
Interest disposed	N/a
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/a
Interest after change	N/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002