IMAGE RESOURCES NL — Director's Dealing 2012

May 29, 2012

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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: IMAGE RESOURCES NL

ABN: 57 063 977 579

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter John Davies
Date of appointment	25.5.2012

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

100,000 fully paid ordinary shares

1,250,000 unquoted options to subscribe for fully paid ordinary shares, exercisable on or before 1.6.2015 at $0.50 each

1,250,000 unquoted options to subscribe for fully paid ordinary shares, exercisable on or before 1.6.2016 at $0.70 each

1,250,000 unquoted options to subscribe for fully paid ordinary shares, exercisable on or before 1.6.2016 at $1.00 each

• See chapter 19 for defined terms.

Printed : 10.4.2012

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

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Name of holder & nature of Number & class of Securities
interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
N/A
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Part 3 – 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)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Printed : 30.5.2012

Appendix 3X Page 2