HAMMER METALS LIMITED — Director's Dealing 2007

Jun 12, 2007

Appendix 3Y

Rule 3.19A.2

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	Terry Streeter
Date of last notice	5 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	Indirect
Nature of indirect interest	Mr Streeter has a relevant interest in Jungle
(including registered holder)	Creek Gold Mines Pty Ltd and Velsberry Pty
Note: Provide details of the circumstances giving rise to the
relevant interest.	Ltd
Date of change	11 June 2007
No. of securities held prior to change
Jungle Creek Gold Mines Pty Ltd	$22,169,015$ ordinary shares
	8,354,672 options expiring 30/09/09
Velsberry Pty Ltd	2,895,000 ordinary shares
	250,000 unlisted options expiring 29/11/11
Class
	refer above
Number acquired	6,875,000
Number disposed
Value/Consideration	Following shareholder approval, shares
Note: If consideration is non-cash, provide details and estimated	issued on conversion of \$550,000 debt at 8
valuation	cents per share.

⁺ See chapter 19 for defined terms.

No. of securities held after change Jungle Creek Gold Mines Pty Ltd	$29,044,015$ ordinary shares 8,354,672 options expiring 30/09/09
Velsberry Pty Ltd	2,895,000 ordinary shares 250,000 unlisted options expiring 29/11/11
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan. participation in buy-back	Issue of shares on conversion debt -of- pursuant to shareholder approval.

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.