FOCUS MINERALS LTD — Director's Dealing 2008

Jan 31, 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 FOCUS MINERALS LIMITED ABN 56 005 470 799

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	Peter Arthur Williams
Date of last notice	15 August 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	Kieta Holdings Pty Ltd
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	(Williams Super Fund A/C)
interest.
Date of change	31 January 2008
No. of securities held prior to change	623,614 Ordinary fully paid shares
	3,475,000 5 cent options expiry 30 Nov 10
	3,475,000 6 cent options expiry 30 Nov 10
Class	Ordinary fully paid shares
Number acquired	150,000
Number disposed	-
Value/Consideration	$11,100
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	773,614 Ordinary fully paid shares
	3,475,000 5 cent options expiry 30 Nov 10
	3,475,000 6 cent options expiry 30 Nov 10

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

On market transaction

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

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 in relationto 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

1 February 2008

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002