GRANGE RESOURCES LIMITED. — Director's Dealing 2007

May 1, 2007

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	Grange Resources Limited
ABN	80 009 132 405

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	Alexander Henry Nutter
Date of last notice	20 May 2005

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 interest (a)
	Indirect Interest (b)
Nature of indirect interest	Alexander Henry Nutter and Meriel Elizabeth
(including registered holder)	Nutter
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	24 April 2007
No. of securities held prior to change	849,999 - Fully Paid Ordinary Shares (a)
	95,000 - Fully Paid Ordinary Shares (b)
Class	Ordinary Fully Paid Shares
Number acquired	ΝiΙ (a)
	750,000 - Fully Paid Ordinary Shares (b)
Number disposed	750,000 - Fully Paid Ordinary Shares (a)
	(b) Nil
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	99,999 - Fully Paid Ordinary Shares (a)
	845,000 - Fully Paid Ordinary Shares (b)
Nature of change	Off-market transfer from direct holding to indirect
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	holding

⁺ See chapter 19 for defined terms.

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an stationaled valuation	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.