FireFly Metals Ltd. — Director's Dealing 2008

May 14, 2008

Registered Office 140 Greenhill Road Unley SA 5061

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ABN 96 110 336 73 3

Tel +61 8 8373 6271 Fax +61 8 8373 5917 www.monaxmining.com.au

ASX RELEASE

For Immediate Release 15 May 2008

Appendix 3Y Change of Director’s Interest Notices

Attached is Appendix 3Y Change of Director’s Interest Notice for RM Kennedy, NF Alley and GS Davis. The changes result from the recent Share Purchase Plan.

Yours faithfully

Virginia Suttell 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 Monax Mining Limited

ABN 96 110 336 733

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 MICHAEL KENNEDY
Date of last notice	18/04/2008

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.	Indirect interest via Triple Eight Gold Pty Ltd (Sole Director) as trustee for the Blue Sky Trust in which RM Kennedy is one of a class of persons who may be a beneficiary and RMK Super Pty Ltd (Sole Director) as trustee for RMK Personal Super Fund.
Date of change	15/05/2008

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Held by Triple Eight Gold Pty Ltd (Sole Director) as trustee for the Blue Sky Trust in which RM Kennedy is one of a class of persons who may be a beneficiary. (a) 1,300,000 ordinary shares (b) 700,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (c) 350,000 options over ordinary shares exercisable at 30 cents end expiring on 30/06/2009 (d) 350,000 options over ordinary shares exercisable at 40 cents end expiring on 30/06/2010. (e) 135,086 ordinary shares Held by RMK Super Pty Ltd (Sole Director) as trustee for RMK Personal Super Fund. (f) 150,851 ordinary shares.
Class	(a) Ordinary fully paid shares (b) Options exercisable at $0.25 (c) Options exercisable at $0.30 (d) Options exercisable at $0.40 (e) Ordinary fully paid shares (f) Ordinary fully paid shares
Number acquired	22,727 ordinary fully paid shares by Triple Eight Gold Pty Ltd as trustee for the Blue Sky Trust 22,727 ordinary fully paid shares by RMK Super Pty Ltd as trustee for RMK Personal Super Fund
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.22

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Held by Triple Eight Gold Pty Ltd (Sole Director) as trustee for the Blue Sky Trust in which RM Kennedy is one of a class of persons who may be a beneficiary. (g) 1,322,727 ordinary shares (h) 700,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (i) 350,000 options over ordinary shares exercisable at 30 cents end expiring on 30/06/2009 (j) 350,000 options over ordinary shares exercisable at 40 cents end expiring on 30/06/2010. (k) 135,086 ordinary shares Held by RMK Super Pty Ltd (Sole Director) as trustee for RMK Personal Super Fund. (l) 173,578 ordinary shares.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Acquisition via Share Purchase Plan

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 3

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Appendix 3Y Change of Director’s Interest Notice

11Rule 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	Monax Mining Limited
ABN	96 110 336 733

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	NEVILLE FOSTER ALLEY
Date of last notice	8/6/2007

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.	Neville Foster Alley and Bronwen Dianne Ireland as trustee for the Prospects Trust in which N F Alley is one of a class of persons who may be a beneficiary.
Date of change	15/5/2008
No. of securities held prior to change	Held by Neville Foster Alley and Bronwen Dianne Ireland as trustee for the Prospects Trust in which N F Alley is one of a class of persons who may be a beneficiary: (a) 3,000,000 ordinary shares. (b) 800,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (c) 400,000 options over ordinary shares exercisable at 30 cents and expiring on 30/06/2009. (d) 400,000 options over ordinary shares exercisable at 40 cents and expiring on 30/06/2010.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(a) Ordinary fully paid shares (b) Options exercisable at $0.25 (c) Options exercisable at $0.30 (d) Options exercisable at $0.40
Number acquired	22,727 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.22
No. of securities held after change	Held by Neville Foster Alley and Bronwen Dianne Ireland as trustee for the Prospects Trust in which N F Alley is one of a class of persons who may be a beneficiary: (a) 3,022,727 ordinary shares. (b) 800,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (c) 400,000 options over ordinary shares exercisable at 30 cents and expiring on 30/06/2009. (d) 400,000 options over ordinary shares exercisable at 40 cents and expiring on 30/06/2010.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acquisition via Share Purchase Plan

Part 2 – Change of director’s interests in contracts

N/A

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 3

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Appendix 3Y Change of Director’s Interest Notice

11Rule 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	Monax Mining Limited
ABN	96 110 336 733

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	GLENN STUART DAVIS
Date of last notice	4/6/2007

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 and Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect Interest as Sole Director of Aloren (No 148) Pty Ltd as trustee for the Davis Family Trust in which G S Davis is one of a class of persons who may be a beneficiary. Direct interest – held by Glenn Stuart Davis
Date of change	15/5/2008

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Held by Aloren (No 148) Pty Ltd (Sole Director) as trustee for the Davis Family Trust in which G S Davis is one of a class of persons who may be a beneficiary (a) 2,405,000 ordinary shares. (b) 700,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (c) 350,000 options over ordinary shares exercisable at 30 cents and expiring on 30/06/2009. (d) 350,000 options over ordinary shares exercisable at 40 cents and expiring on 30/06/2010. (e) 75,001 ordinary shares Held in own name (f) 50,000 ordinary shares
Class		(a) Ordinary fully paid shares (b) Options exercisable at $0.25 (c) Ordinary exercisable at $0.30 (d) Options exercisable at $0.40 (e) Ordinary fully paid shares (f) Ordinary fully paid shares
Number acquired		22,727 shares by Aloren (No 148) Pty Ltd 22,727 shares by Glenn Stuart Davis
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.22
No. of securities held after change		Held by Aloren (No 148) Pty Ltd (Sole Director) as trustee for the Davis Family Trust in which G S Davis is one of a class of persons who may be a beneficiary (a) 2,427,727 ordinary shares. (b) 700,000 options over ordinary shares exercisable at 25 cents and expiring on 30/06/2008. (c) 350,000 options over ordinary shares exercisable at 30 cents and expiring on 30/06/2009. (d) 350,000 options over ordinary shares exercisable at 40 cents and expiring on 30/06/2010. (e) 75,001 ordinary shares Held in own name (f) 72,727 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Acquisition via Share Purchase Plan

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

N/A

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 3

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