HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2010

Mar 17, 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	Richard Dennis Gee
Date of last notice	30 March 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

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.

		Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct & Indirect	Direct & Indirect	Direct & Indirect	Direct & Indirect
		Nature of indirect interest			Gee-olo	Pt Ltd Gee-olo Pt L	d
		(including registered holder)			gy<Di &	y , gy yitt G S/F>
		Note: Provide details of the circumstancesinterest.	giving rise to the relevant		enns	y ee
		Date of change			18 March 2	010
		No. of securities held prior to c	hange
					on 30 June 2011

Class	Fully paid sharesOptions
Number acquired	100,000 Ordinary Shares
Number disposed	100,000 Options exercisable at 20 cents expiringon 31 March 2010
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$20,000
No. of securities held after change	200,000 Fully Paid Ordinary Shares250,000 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