IMAGE RESOURCES NL — Director's Dealing 2004

Jan 7, 2004

Appendix 3Y

Change of Director's Interest Notice

Name of entity	IMAGE RESOURCES NL
ABN:	57 063 977 579

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	Peter S Thomas
Date of last notice	27 May 2003

Part 1 - Change of director's relevant interests in securities

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder)	N/A
Date of change	24 December 2003
No. of securities held prior to change	1,000,000 Options to subscribe for Fully Paid Ordinary Shares (escrowed until 4 July 2004) exercisable on or before 25.8.2006 at 25 cents each 180,000 Fully Paid Ordinary Shares
Class	Options
Number acquired	400,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valaation	Nil
No. of securities held after change	1,000,000 Options to subscribe for Fully Paid Ordinary Shares (escrowed until 4 July 2004) exercisable on or before 25.8.2006 at 25 cents each 400,000 Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before 27.11.2008 at 33.5 cents each 180,000 Fully Paid Ordinary Shares
Nature of change	accordance with shareholders Issued in resolution passed at AGM on 27.11.2003

Part 2 - Change of director's interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Interest acquired
Interest disposed
Value/Consideration
Interest after change