Future Metals NL — Director's Dealing 2008

Jan 10, 2008

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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	Red Emperor Resources NL
ABN	99 124 734 961

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Terry James Gardiner
Date of appointment	7 January 2008

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

360,000 fully paid ordinary shares 180,000 options exercisable at $0.25 on or before 31 August 2009

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.Terry James Gardiner & TrevorJames Gardiner <Terry JamesGardiner Superfund> an entity inwhich Mr Gardiner has abeneficial interest.Securities held by Gryphon AssetManagementPtyLtdATF<Gryphon Investments A/C> acompany of which Mr Gardineristhesoledirectorandshareholder.Securities held by InvestwiseEnterprises Pty Ltd a company ofwhich Mr Gardiner is the soledirector and shareholder.Securities held by Terry GardinerastrusteeforAmyLouiseGardiner.Securities held by Terry Gardineras trustee for Nathaniel JamesGardiner.Securities held by Terry Gardineras trustee for Taylor MarieGardiner.Securities held by Terry Gardineras trustee for Shania ValerieGardiner.

Number & class of Securities8,000 ordinary fully paid shares4,000 options exercisable at $0.25 on or before 31August 200920,000 ordinary fully paid shares10,000 options exercisable at $0.25 on or before31 August 200920,000 ordinary fully paid shares10,000 options exercisable at $0.25 on or before31 August 20098,000 ordinary fully paid shares4,000 options exercisable at $0.25 on or before 31August 20098,000 ordinary fully paid shares4,000 options exercisable at $0.25 on or before 31August 20098,000 ordinary fully paid shares4,000 options exercisable at $0.25 on or before 31August 20098,000 ordinary fully paid shares4,000 options exercisable at $0.25 on or before 31August 2009

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Part 3 – 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 Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

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