FIRST LITHIUM LIMITED — Director's Dealing 2007

Nov 22, 2007

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 Advanced Engine Components Limited ACN 009 081 770

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	Antony Middleton
Date of last notice	5 June 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	Direct interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	NA
Date of change	22 November 2007 - Allotment of shares and options pursuant to rights issue 23 November 2007 - Allotment of options pursuant to ESOP
No. of securities held prior to change	Jildane Pty Ltd (Middleton Super Fund A/C): 2,531,651 ordinary shares Antony Middleton (Middleton Super Fund A/C): 250,000 ordinary shares Tony Middleton: 400,000 ordinary shares
Class	Fully paid ordinary shares Unlisted options exercisable at 12.8 cents on or before 30 November 2009 Unlisted options exercisable at 18 cents on or before 31 December 2010

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Jildane Pty Ltd (Middleton Super Fund A/C): 281,296 shares 140,649 unlisted options exercisable at 12.8 cents on or before 30 November 2009 400,000 unlisted options exercisable at 18 cents on or before 31 December 2010
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	16 cents per share Nil for free attaching 30 November 2009 options. Nil for 31 December 2010 ESOP options
No. of securities held after change	Jildane Pty Ltd (Middleton Super Fund A/C): 2,812,947 shares 140,649 unlisted options exercisable at 12.8 cents on or before 30 November 2009 400,000 unlisted options exercisable at 18 cents on or before 31 December 2010 Antony Middleton (Middleton Super Fund A/C): 250,000 ordinary shares Tony Middleton: 400,000 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	Allotment of shares and unlisted 30 November 2009 options being rights issue entitlements pursuant to the Prospectus dated 17 October 2007. Allotment of 400,000 unlisted 31 December 2010 options pursuant to the Company’s ESOP as approved at the Annual General Meeting on 22 November 2007.

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	NA
Nature of interest	NA
Name of registered holder (if issued securities)	NA

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Date of change	NA
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	NA
Interest acquired	NA
Interest disposed	NA
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NA
Interest after change	NA

• See chapter 19 for defined terms.

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