HAMMER METALS LIMITED — Director's Dealing 2007

Aug 20, 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	Midas Resources Limited
ABN	87 095 092 158

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	Geoff Balfe
Date of last notice	4 January 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

Direct or indirect interest	Direct and indirect
Nature of indirect interest	Mr Balfe has a relevant interest in Needmore
(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Investments Pty Ltd and Avanteos InvestmentsLtd.
Date of change	16 August 2007
No. of securities held prior to change	Direct
	2,500,000 unlisted options expiring 29/11/11
	Indirect
	300,000 shares
	100,000 listed options expiring 30/9/2009
Class	Shares
Number acquired	54,000
Number disposed	Nil
Value/Consideration	$5,400
Note: If consideration is non-cash, provide details and
estimated valuation

• See chapter 19 for defined terms.

30/9/2001

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct
	2,500,000 unlisted options expiring 29/11/11
	Indirect
	354,000 shares
	100,000 listed options expiring 30/9/2009
Nature of change	Purchase of shares on market
Example: on-market trade, off-market trade, exercise of
options, issue of securities under dividend reinvestment plan,
participation in buy-back

Part 2 – Change of director’s interests in contracts

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

• See chapter 19 for defined terms. Appendix 3Y Page 2

30/9/2001