IMAGE RESOURCES NL — Director's Dealing 2005

Jan 16, 2005

Appendix 3Y

Amended 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	6 December 2004
Date of this notice	14 January 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	12 January 2005 to 14 January 2005
No. of securities held prior to change	Direct Interest 25.8.2006 at 25 cents each - Direct Interest Interest Interest Indirect Interest	6,561,570 Fully Paid Ordinary Shares - 882,925 Options to subscribe for Fully Paid Ordinary Shares exercisable on or before 800,000 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 -
Class	Shares	Options
Number acquired	111,200	Nil
Number disposed	Nil	465,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$44,330	\$57,216

No. of securities held after change	6,672,770 Fully Paid Ordinary Shares -
	Direct Interest
	417,925 Quoted Options to subscribe for
	Fully Paid Ordinary Shares exercisable on or
	before 25.8.2006 at 25 cents each - Direct
	Interest
	800,000 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
Nature of change	Purchase of quoted shares on market
	Sale of quoted options on market

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