HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2007

Mar 29, 2007

Appendix 3X

Rule 3.19A.1

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 TORRENS ENERGY LIMITED
IABN	79 118 065 704

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	MALCOLM JAMES
Date of appointment	27 JANUARY 2006

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

⁺ 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.
TERASSE (WA) PTY LTD	1,029,167 Fully Paid Ordinary Shares
(potential beneficiary)	881,250 Options exercisable at 25 cents expiring on 31 March 2010
JENNIE COLLEEN JAMES	50,000 Fully Paid Ordinary Shares
(spouse)	25,000 Options exercisable at 25 cents expiring on 31 March 2010
BRIONY ELIZABETH JAMES (daughter)	50,000 Fully Paid Ordinary Shares
	25,000 Options exercisable at 25 cents expiring on 31 March 2010

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	N/A
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.

Appendix 3X

Rule 3.19A.1

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 TORRENS ENERGY LIMITED
IABN	79 118 065 704

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	JOHN CANARIS
Date of appointment	27 JANUARY 2006

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

3,112,500 Fully Paid Ordinary Shares

156,250 Options exercisable at 25 cents expiring on 31 March 2010

⁺ 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.

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	N/A
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.

Appendix 3X

Rule 3.19A.1

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 TORRENS ENERGY LIMITED
IABN	79 118 065 704

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	RICHARD DENNIS GEE
Date of appointment	9 FEBRUARY 2007

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

⁺ 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 & Name nature	of Number & class of Securities
interest Note: Provide details of the circumstances giving rise to the relevant interest.
Gee-ology Pty Ltd	100,000 Fully Paid Ordinary Shares
(director and beneficiary)	100,000 Options exercisable at 20 cents expiring on 31 March 2010
	250,000 Options exercisable at 25 cents expiring on 31 March 2010

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	N/A
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.