HAMMER METALS LIMITED — Director's Dealing 2003

Feb 24, 2003

MIDAS RESOURCES LIMITED

A.B.N. 87095092158

FACSIMILE TRANSMISSION

AUSTRALIAN STOCK EXCHANGE MDS000001

ASX COMPANIES ANNOUNCEMENTS OFFICE To:

From: DAVID LYMBURN

Fax 1300 300 021 Pages: 7

Ref:

Date: 25 FEBRUARY 2003

DIRECTORS' INTERESTS Re:

Attached are three Appendix 3X's (Initial Directors' Interest Notices)

David Lymburg Company Secretary

LEVEL 1, CHART HOUSE, (PO BOX 887, WEST PERTH, WA 6872) 1200 HAY STREET, WEST PERTH, WA 6005

Tel: (08) 9481 5311 Fax: (08) 9481 5611 Email: office@midasresources.com.au

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	MIDAS RESOURCES LIMITED
İABN	87 095 092 158

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 STREETER
Date of appointment	$22$ June $2001$

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

250,000 director incentive options exercisable at \$0.20 each on or before 31 December 2005

⁺ See chapter 19 for defined terms.

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

of holder & nature of Name	Number $\&$ class of Securities
interest Note: Provide details of the circumstances giving rise to the relevant interest.	Jungle Creek Gold Mines Pty Ltd holds;
Mr Streeter has a relevant interest in Jungle Creek Gold Mines Pty Ltd	5,719,696 fully paid ordinary shares 2,777,779 options exercisable at \$0.20 each on or before 1 March 2006 949,074 options exercisable at \$0.25 on or before 1 December 2006

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.

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	----------- MIDAS RESOURCES LIMITED $1.11 - 1.11 - 1.1$ ----	----------
ABN	87 095 092 158 $\cdots$

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	RHOD GRIVAS
Date of appointment	16 March 2001

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

750,000 director incentive options exercisable at \$0.20 each on or before 31 December 2005

250,000 options exercisable at 27.5 cents on or before 1 December 2006 250,000 options exercisable at 35 cents on or before 1 December 2006

⁺ See chapter 19 for defined terms.

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 of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest.
Mr Grivas has a relevant interest in Goodheart Pty Ltd	Goodheart Pty Ltd holds the following securities, 230,572 ordinary shares 106,250 options exercisable at \$0.20 each on or before 1 March 2006 5,000 options exercisable at \$0.25 on or before 1 December 2006

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.

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	MIDAS RESOURCES LIMITED
ABN	87 095 092 158

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	DON BOYER
Date of appointment	16 November 2000

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 pangraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

1,327,777 fully paid ordinary shares

2,187,500 options exercisable at \$0.20 each on or before 1 March 2006

600,000 director incentive options exercisable at \$0.20 each on or before 31 December 2005

25,000 options exercisable at \$0.25 on or before 1 December 2006

⁺ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the

registered bolder

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 of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities
1. Mr Boyer has a relevant interest in Boyer Exploration & Resource Management Pty Ltd.	Boyer Exploration & Resource Management Pty Ltd ATF The BERM Trust is the holder of, 935,202 fully paid ordinary shares.
2. Tower Trust as trustee of the Boyer Superannuation Fund	175,000 fully paid ordinary shares 87,500 options exercisable at \$0.25 on or before 1 December 2006

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.