IMAGE RESOURCES NL — Director's Dealing 2005

Jun 2, 2005

Appendix 3Y

Change of Director's Interest Notice

Name of entity	IMAGE RESOURCES NL
IABN:	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	George Sakalidis
Date of last notice	12 May 2005
Date of this notice	3 June 2005

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

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder)	Interest held by Leeman Pty Ltd, a company controlled by Mr Sakalidis
Date of change	24 May to 3 June 2005
No. of securities held prior to change	6,164,770 Fully Paid Ordinary Shares - Direct Interest 189,385 Quoted Options to subscribe for Fully Paid Ordinary Shares exercisable on or before 25.8.2006 at 25 cents each - Direct Interest 650,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at 33.5 cents each – Direct Interest 800,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $26.11.2009$ at 39 cents each - Direct Interest 112,000 Fully Paid Ordinary Shares Indirect Interest
Class	Shares	Options
Number acquired	81,000	30,000
Number disposed	470,000	50,000

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	31,000 acquired on market - \$11,035 50,000 acquired by exercising options at 25 cents each - \$12,500 Disposals - $$164,600$	Acquired \$2,700 Disposals - Options exercised at 25 cents each
No. of securities held after change	Direct Interest Interest Interest Interest Indirect Interest	5,775,770 Fully Paid Ordinary Shares - 169,385 Quoted Options to subscribe for Fully Paid Ordinary Shares exercisable on or before 25.8.2006 at 25 cents each - Direct 650,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at 33.5 cents each - Direct 800,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $26.11.2009$ at 39 cents each - Direct 112,000 Fully Paid Ordinary Shares -
Nature of change	options on market Exercising of listed options at 25 cents each	Sale and purchase of quoted shares and

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