JINDALEE LITHIUM LIMITED — Director's Dealing 2004

May 26, 2004

Rule 3.19A.2

Appendix 3Y

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	JINDALEE RESOURCES LIMITED
IABN	52 064 121 133

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	Lindsay George Dudfield
Date of last notice	05/05/2004

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	L.G. Dudfield ATF
(including registered holder)	LG Dudfield Pension Fund
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	17/05/2004 - 27/05/2004
No. of securities held prior to change	2,607,874 ordinary fully paid shares
	565,000 25¢ options expiring 30/06/2005
	1,000,000 35¢ options expiring 30/06/2007
Class	Ordinary Fully Paid Shares
Number acquired	57,500
Number disposed	٠
Value/Consideration	\$9,400
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	2,665,374 ordinary fully paid shares
	565,000 25¢ options expiring 30/06/2005
	1,000,000 35¢ options expiring 30/06/2007

⁺ 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
Nature of interest	۰
Name of registered holder (if issued securities)
Date of change	٠
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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change	٠

$+$ See chapter 19 for defined terms.