GREENVALE ENERGY LTD — Director's Dealing 2007

Dec 20, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2 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	Greenvale Mining NL
ABN	54 000 743 555

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	Leslie Laszlo White
Date of last notice	29 October 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.	Indirect interest by virtue of Leslie LaszloWhite being a director of and shareholder inExploration Finance Pty Limited, L & E WhiteFamily Holdings Pty Limited, L & E WhiteInvestments Pty Limited, White CorporateManagement Pty Limited and Swiss CorporateCredit Pty Limited
Date of change	20 December 2007
No. of securities held prior to change	•108,945 contributing shares in the name ofLeslie Laszlo White•1,147,500 contributing shares in the nameof Exploration Finance Pty Limited•50,000 contributing shares in the name ofL & E White Family Holdings Pty Limited•333,500 contributing shares in the name ofL & E White Investments Pty Limited•105,677 contributing shares in the name ofSwiss Corporate Credit Pty Limited•118,000 fully paid shares in the name of L& E White Family Holdings Pty Limited

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	•97,000 fully paid shares in the name of L& E White Investments Pty Limited•12,200 fully paid shares in the name ofSwiss Corporate Credit Pty Limited• 17,955 fully paid shares in the name ofWhite Corporate Management Pty Limited
Class	See no. of securities above
Number acquired	Nil
Number disposed	•89,633 contributing shares in the name ofLeslie Laszlo White•1,147,500 contributing shares in the nameof Exploration Finance Pty Limited•50,000 contributing shares in the name ofL & E White Family Holdings Pty Limited•333,500 contributing shares in the name ofL & E White Investments Pty Limited•105,677 contributing shares in the name ofSwiss Corporate Credit Pty Limited
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5,834,697.59
No. of securities held after change	•19,312 contributing shares in the name ofLeslie Laszlo White•118,000 fully paid shares in the name of L& E White Family Holdings Pty Limited•97,000 fully paid shares in the name of L& E White Investments Pty Limited•12,200 fully paid shares in the name ofSwiss Corporate Credit Pty Limited• 17,955 fully paid shares in the name ofWhite Corporate Management Pty Limited
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Off market transfer

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 Nature of interest Name of registered holder (if issued securities)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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

2

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 3