FENIX RESOURCES LTD — Director's Dealing 2011

Feb 22, 2011

23 February 2011

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

Kevin Hart Company Secretary

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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	14 October 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	Direct and Indirect
	Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect interest held Mr G J McMaster and Mrs T M McMaster ATF Dalpura Superannuation Fund
	Date of change	18 February 2011
	No. of securities held prior to change Direct Indirect	2,051,250 Ordinary fully paid shares 3,733,620 Ordinary fully paid shares 500,000 Unlisted options - 20 cents expiring 31/8/2012
	Class	Ordinary fully paid shares
	Number acquired	Nil
	Number disposed	78,600
	Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Average price - 23.8 cents each

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct 1,972,650 Ordinary fully paid shares

Indirect 3,733,620 Ordinary fully paid shares 500,000 Unlisted options - 20 cents expiring 31/8/2012 Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of On-market trade. 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.

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/a
Interest acquired	N/a
Interest disposed	N/a
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/a
Interest after change	N/a

Part 3 –[+] Closed period

Were the interests in the securities or No contracts detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance N/a provided to allow the trade to proceed during this period? If prior written clearance was N/a provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002