IONDRIVE LIMITED — Director's Dealing 2007

Apr 9, 2007

Appendix 3Y

Rule 3.19A.2

Change of 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:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

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	MICHAEL ROBERT BILLING
Date of last notice	5 February 2007

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

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.

Direct or indirect interest
	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Michael Robert Billing + Bronwyn Billing Atf Lapun Kamap Super Fund
Date of change	31 March 2007
No. of securities held prior to change	DIRECT 1,500,000 unlisted escrowed ordinary ٠ shares 500,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 214,545 listed ordinary shares 65,000 unlisted escrowed ordinary shares ٠ 65,000 unlisted options to purchase ٠ ordinary shares for 20 cents exercisable to 31 December 2007 17,500 listed options to purchase ٠ ordinary shares for 20 cents exercisable to 31 March 2007
Class	Ordinary shares ۰ Options to acquire ordinary shares

⁺ See chapter 19 for defined terms.

Number acquired	DIRECT NIL INDIRECT 17,500 ordinary shares
Number disposed	DIRECT NIL INDIRECT
	17,500 options exercised
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	DIRECT \$0.20 per share
No. of securities held after change	DIRECT 1,500,000 unlisted escrowed ordinary shares 500,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 232,045 listed ordinary shares 65,000 unlisted escrowed ordinary shares ۰ 65,000 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	options exercised

Part 2 - Change of 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	N/A.
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No, and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

Change of 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:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

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	JOHN ALEXANDER ANDERSON
Date of last notice	28 FEBRUARY 2007

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

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.

Direct or indirect interest	DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	AUSTRIKE RESOURCES PTY LTD
Date of change	28 FEBRUARY 2007
No. of securities held prior to change	DIRECT 22,727 listed ordinary shares 2,500,000 unlisted escrowed ordinary shares 700,000 unlisted options to purchase ٠ ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 46,500 unlisted escrowed ordinary shares 46,500 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 34,500 listed options to purchase ٠ ordinary shares for 20 cents exercisable to 31 March 2007
Class	Ordinary shares Options to acquire ordinary shares

$\div$ See chapter 19 for defined terms.

Number acquired Number disposed	DIRECT NIL INDIRECT 46,500 Ordinary shares DIRECT
	NIE. INDIRECT 46,500 Options to acquire ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	DIRECT SO.20PER SHARE
No. of securities held after change	DIRECT 22,727 listed ordinary shares 2,500,000 unlisted escrowed ordinary ٠ shares 700,000 unlisted options to purchase ٠ ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 46,500 unlisted escrowed ordinary shares ٠ 46,500 unlisted options to purchase ٠ ordinary shares for 20 cents exercisable to 31 December 2007 34,500 listed ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	OPTIONS EXERCISED

⁺ See chapter 19 for defined terms.

Part 2 - Change of 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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No, and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

$\div$ See chapter 19 for defined terms.

Appendix 3Y

Rule 3.19A.2

Change of 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:	SOUTHERN GOLD LIMITED
ABN:	30 107 424 519

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	MICHAEL WALSH MCDONALD
Date of last notice	10 NOVEMBER 2006

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

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.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	MRS ANGELA MARY MCDONALD & MR MICHAFL WALSH MCDONALD (M & A MCDONALD S/F A/C)
Date of change	31 March 2007
No. of securities held prior to change	1,607,160 unlisted escrowed ordinary ٠ shares 107,160 listed ordinary shares ٠ 607,160 unlisted options to purchase ٠ ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 312,727 listed ordinary shares ٠ 107,500 listed options to purchase ordinary shares for 20 cents exercisable to 31 March 2007
Class	Ordinary shares Options to acquire ordinary shares
Number acquired	INDIRECT 107,500 ordinary shares

⁺ See chapter 19 for defined terms.

Number disposed	DIRECT NIL. INDIRECT 107,500 options to acquire ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	INDIRECT \$0.20
No. of securities held after change	1,607,160 unlisted escrowed ordinary ٠ shares 107,160 listed ordinary shares ٠ 607,160 unlisted options to purchase ordinary shares for 20 cents exercisable to 31 December 2007 INDIRECT 420,227 listed ordinary shares ٠ 107,500 listed options to purchase ٠ ordinary shares for 20 cents exercisable to 31 March 2007
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Options exercised

Part 2 - Change of 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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

$+$ See chapter 19 for defined terms.