HAMMER METALS LIMITED — Director's Dealing 2010

Dec 15, 2010

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.

documents given toIntroduced 30/9/2001.	ASX become ASX’s property and may be made public.
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	27 October 2010

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(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.		Mr Balfe has a relevant interest in NeedmoreInvestments Pty Ltd and Avanteos InvestmentsLtd.
Date of change		16 December 2010
No. of securities held prior to change		Direct2,500,000 unlisted options expiring 29/11/11Indirect7,592,447 shares383,611 listed options (MDSOB)expiring 28/5/116,741,200 listed options (MDSOC)ii 30/11/12
		exprng
Class		Unlisted Options expiring 15 November 2013
Number acquired		500,000
Number disposed	-

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	NIL
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change	Direct
	2,500,000 unlisted options expiring 29/11/11
	500,000 unlisted options expiring 15/11/13
	Indirect
	8,381,919 shares
	383,611 listed options (MDSOB)
	expiring 28/5/11
	6,741,200 listed options (MDSOC)
	expiring 30/11/12
Nature of change	Grant of unlisted options following approval
Example: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	by Shareholders at Annual General Meeting on23rdNovember 2010.

Part 2 – Change of director’s interests in contracts

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001