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	Graham Keys
Date of last notice	22 February 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 interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Seibu Pty Ltd atf GL Keys Family A/C(shareholder and director of trustee andbeneficiary of family trust)Seibu Pty Ltd atf GL Keys Super Fund A/C(shareholder and director of trustee andbeneficiary of superfund)
Date of change	22 November 2007
No. of securities held prior to change	Seibu Pty Ltd atf GL Keys Family A/C:1,100,000 shares and 250,000 unlistedoptions exercisable at 20 cents on or before30 June 2008.Seibu Pty Ltd atf GL Keys Super Fund A/C:1,497,334 shares.Norvest Corporate Pty Ltd: 1,200,000unlisted options exercisable at 20 cents on orbefore 30 June 2008.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Class
			U	ully paid ordinary sharesnlisted options exercisa		ble at 12.8 cents on
			o	r before 30 November 20		09
Number acquired	acquired		S	eibu Pty Ltd atf GL		Keys Family A/C:
			1	22,223 shares and 61,11		unlisted options.
			S	eibu Pty Ltd atf GL Key		s Super Fund A/C:
			1	66,371 shares and 83,18		6 unlisted options.
Number disposed			Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation			16 cents per shareNil for free attaching options.
No. of securities held after ch		ange	Seibu Pty		Ltd atf GL Keys Family A/C:
			1,222,223 s250000 u		haresnlisted options exercisable at 20
			,cents on or		before 30 June 2008.
			61,112 unlcents on or		isted options exercisable at 12.8before 30 November 2009
			Sib P		d f GL K S Fd A/C
			eu ty1,663,705 s		t at eys uper un :hares
			61,112 unlcents on or		isted options exercisable at 12.8before 30 November 2009
			Norvest Corporate Pty Ltd: 1,200,000unlisted options exercisable at 20 cents on orbefore 30 June 2008.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back			Allotment of shares and unlisted optionsbeing rights issue entitlements pursuant to theProspectus dated 17 October 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	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 inrelation to which the interest has changed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 3

11/3/2002