GREENWING RESOURCES LTD — Director's Dealing 2007

Aug 5, 2007

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 Bass Metals Ltd ABN 31 109 933 995

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	Craig McGown
Date of last notice	24 April 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 relevant interest.	Hartman Pty Ltd (Mr. Craig McGown is a Director of Hartman Pty Ltd) Ionikos Pty Ltd (Mr. Craig McGown is a Director of Ionikos Pty Ltd) Mrs. Rosemary Ann McGown (spouse)
Date of change	31 July 2007

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct 12,502 ordinary shares. 2,500 options expiring 31 July 2007 exercisable at $0.25. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Indirect Hartman Pty Ltd – Director 12,500 ordinary shares. 2,500 options expiring 31 July 2007 exercisable at $0.25. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Ionikos Pty Ltd – Director 1,074,413 ordinary shares. 32,500 options expiring 31 July 2007 exercisable at $0.25. 200,000 unlisted options expiring 31 December 2007 exercisable at $0.25. 53,721 listed options expiring on 30 April 2010 exercisable at $0.40. Carmichael Capital Markets Pty Ltd – Director 200,000 unlisted options expiring 31 December 2007 exercisable at $0.25. Rosemary Ann McGown – spouse 12,500 ordinary shares. 2,500 options expiring 31 July 2007 exercisable at $0.25. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Ionikos Pty Ltd ATF 225,000 unlisted options - exercisable at $0.275 each on or before 22 December 2011.
Class		Fully Paid Ordinary Shares
Number acquired		40,000 Fully Paid Ordinary Shares
Number disposed		Exercised 40,000 options expiring 31 July 2007 exercisable at $0.25.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.25 per ordinary share.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct 15,002 ordinary shares. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Indirect Hartman Pty Ltd – Director 15,000 ordinary shares. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Ionikos Pty Ltd – Director 1,106,913 ordinary shares. 200,000 unlisted options expiring 31 December 2007 exercisable at $0.25. 53,721 listed options expiring on 30 April 2010 exercisable at $0.40. Carmichael Capital Markets Pty Ltd – Director 200,000 unlisted options expiring 31 December 2007 exercisable at $0.25. Rosemary Ann McGown – spouse 15,000 ordinary shares. 625 listed options expiring on 30 April 2010 exercisable at $0.40. Ionikos Pty Ltd ATF 225,000 unlisted options - exercisable at $0.275 each on or before 22 December 2011.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Exercise of 40,000 options expiring 31 July 2007 exercisable at $0.25.

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	NA
Interest acquired	NA
Interest disposed	NA
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	NA
Interest after change	NA

• See chapter 19 for defined terms.

Appendix 3Y Page 4

11/3/2002