FIRST LITHIUM LIMITED — Director's Dealing 2008

Aug 4, 2008

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	20 June 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.

Part 1 - Change of director’s releIn the case of a trust, this includes interests i	Part 1 - Change of director’s releIn the case of a trust, this includes interests i	vant interests in securitiesn the trust made available by the responsible entity of the trust	vant interests in securitiesn the trust made available by the responsible entity of the trust	vant interests in securitiesn the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which co		me within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.Direct or indirect interest
	Direct or indirect interest		Indirect interest
	Nature of indirect interest		Seibu Pty Ltd atf GL Keys Family	A/Cand
	(including registered holder)Note: Provide details of the circumstances giinterest.	ving rise to the relevant	(shareholder and director of trusteebeneficiary of account)
	Date of change		31 July 2008 – 50,000 ordinary shares.
			1 August 2008 – 48,983 ordinary shares.
	N f ii hld i
	o. o securtes e pror to c	ange	Seibu Pty Ltd atf GL Keys Family1,026,937 ordinary fully paid shares.1450000 unlisted options exercisable
			,,cents on or before 30 June 2008.61,112 unlisted options exercisable at
			cents on or before 30 November 2009.
	Class		Fully paid ordinary shares
	Number acquired		31 July 2008 – 50,000 ordinary shares.1 August 2008 – 48,983 ordinary shares.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	31 July 2008 – $0.1415 per ordinary share.1 August 2008 – $0.1535 per ordinary share.
No. of securities held after change	Seibu Pty Ltd atf GL Keys Family A/C:1,125,920 ordinary fully paid shares.61,112 unlisted options exercisable at 12.8cents on or before 30 November 2009.Seibu Pty Ltd atf GL Keys Super Fund A/C:2,374,080 ordinary fully paid shares.83,186 unlisted options exercisable at 12.8cents on or before 30 November 2009.Note - 1,450,000 unlisted options held bySeibu Pty Ltd atf GL Keys Family A/Cexercisable at 20 cents each lapsed on 30June 2008.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Acquisition - on-market trade.

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
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