IMAGE RESOURCES NL — Director's Dealing 2005

Mar 28, 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	Peter Sisley Thomas
Date of last notice	2 December 2004
Date of this notice	29 March 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 PS Thomas as joint trustee for a superannuation fund
Date of change	3 March 2005
No. of securities held prior to change	1,000,000 Quoted Options to subscribe for Fully Paid Ordinary Shares exercisable on or before $25.8.2006$ at 25 cents each - Direct interest 400,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at 33.5 cents each - Direct interest 400,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $26.11.2009$ at 39 cents each – Direct interest 242,000 Fully Paid Ordinary Shares - Direct interest 40,000 Fully Paid Ordinary Shares - Indirect interest
Class	Shares	Options
Number acquired	192,000	1,000,000
Number disposed	192,000	1,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$65,280	\$100,000

No. of securities held after change	400,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $27.11.2008$ at 33.5 cents each – Direct interest 50,000 Fully Paid Ordinary Shares - Direct interest
	1,000,000 Quoted Options to subscribe for Fully Paid Ordinary Shares exercisable on or before $25.8.2006$ at $25$ cents each - Indirect interest 400,000 Unquoted Options to subscribe for Fully Paid Ordinary Shares, exercisable on or before $26.11.2009$ at 39 cents each - Indirect interest 232,000 Fully Paid Ordinary Shares Indirect interest
Nature of change	Off-market transfer of shares and options between director and related entity.

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