HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2010

Mar 28, 2010

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 Torrens Energy Limited ABN 79 118 065 704

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	John Canaris
Date of last notice	25 November 2008

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

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.

Part 1 - Change of director’s relevan	Part 1 - Change of director’s relevan	t interests in sec	t interests in sec	urities
In the case of a trust, this includes interests in th		e trust made available		by the responsibl	e entity of the trus	t
Note: In the case of a company, interests which come wart		ithin paragraph (i) of the		definition of “notifia	ble interest of a dire	ctor” should be disclosed in this
p.
	Direct or indirect interest			Direct & Indi	rect
	Nt f idit itt			k G	i P	d <Ci S
	aure o nrec neres(including registered holder)			racer eoFund>	ervces ty	t anars uper
	Note: Provide details of the circumstances givinginterest.	rise to the relevant
	Date of chane			29 March 20	0
	g
	No. of securities held prior to change
				3,112,500 Full	y Paid Ordina	ry Shares
				156,250 Optio	ns exercisable	at 25 cents expiring
				on 31 March 2	010
				100000 Otio	ns exercisabl	at 44 cents exirin
				, pon 30 June 201	1	pg
				30,000 Optioon 30 June 201	ns exercisable1	at 66 cents expiring
				160,000 Optioon 30 June 201	ns exercisable1	at 99 cents expiring
	Cl			ll id h
ass	ass			uy pa sOptions	ares

Number acquired	12,500 Ordinary Shares
Number disposed	12,500 Options exercisable at 25 cents expiringon 31 March 2010
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$3,125
No. of securities held after change	3,125,000 Fully Paid Ordinary Shares143,750 Options exercisable at 25 cents expiringon 31 March 2010100,000 Options exercisable at 44 cents expiringon 30 June 2011130,000 Options exercisable at 66 cents expiringon 30 June 2011160,000 Options exercisable at 99 cents expiringon 30 June 2011
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of Options

Part 2 – Change of 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)
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change