FIRST LITHIUM LIMITED — Director's Dealing 2008

Mar 3, 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	Antony Middleton
Date of last notice	23 November 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Jildane Pty Ltd <Middleton Super FundA/C>– Mr. Middleton is a director ofJildane Pty Ltd and a member of theMiddleton Super Fund.
Date of change	29 February 2008
No. of securities held prior to change	Jildane Pty Ltd <Middleton Super FundA/C>: 2,812,947 ordinary shares140,649 unlisted options exercisable at 12.8cents on or before 30 November 2009400,000 unlisted options exercisable at 18cents on or before 31 December 2010Antony Middleton <Middleton Super FundA/C>: 250,000 ordinary sharesTony Middleton: 400,000 ordinary shares
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	650,000 fully paid ordinary shares.
Number disposed	650,000 fully paid ordinary shares.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.10 per fully paid ordinary share.
No. of securities held after change	Jildane Pty Ltd <Middleton Super FundA/C>: 3,462,947 fully paid ordinary shares140,649 unlisted options exercisable at 12.8cents on or before 30 November 2009400,000 unlisted options exercisable at 18cents on or before 31 December 2010
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	650,000ordinaryfullypaidsharestransferred off market from direct to indirectholdings.

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
Date of change	NA
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	NA
Interest acquired	NA
Interest disposed	NA
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	NA
Interest after change	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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