Lachlan Star Limited — Director's Dealing 2007

Sep 27, 2007

Toodyay Resources Limited

Level 1 33 Ord Street West Perth, Western Australia 6005 Australia

Telephone: + 61 8 9420 9300 Facsimile: + 61 8 9481 2690

28 September 2007

Company Announcements Office ASX Limited

By e-Lodgement

Dear Sir/Madam

APPENDIX 3X - DIRECTORS INTERESTS

On 26 September 2007, shareholders approved the acquisition of Ord Investments Pty Ltd. The acquisition will be completed as soon as possible when the final conditions precedent have been met and the consideration shares issued in accordance with the approval of shareholders.

Attached are the Appendix 3X’s for the new directors:

Michael McMullen Declan Franzmann Hamish Bohannan Thomas Duckworth

SUMMARY OF MICHAEL MCMULLEN, DECLAN FRANZMANN, HAMISH BOHANNAN AND THOMAS DUCKWORTH

The executive directors are Michael McMullen and Declan Franzmann.

Michael McMullen

Mr McMullen is a geologist with over 15 years experience in the minerals industry and was a founding shareholder and executive technical director of Tritton Resources. He has extensive knowledge of the requirements for mine development in New South Wales having been responsible for the development of the most recent base metal mine in that State. For the last 18 months, Mr McMullen has been the manager of audits for RSG Global, a significant minerals consulting business. During that time he has been responsible for the due diligence of numerous assets for financing institutions and as part of M+A activities. Mr McMullen has a detailed knowledge of the debt and equity capital markets.

Declan Franzmann

Declan Franzmann is a mining engineer with more than 15 years experience in operational mine management and engineering roles in Australia. His previous experience includes roles as the manager of mining at both the CSA and Tritton copper mines in New South Wales. Mr Franzmann operates a consulting company providing mine engineering and geology services to a variety of companies and is a non executive director of Every Day Mine Services, a listed mine service company based in Cobar, New South Wales.

The two non-executive directors are Hamish Bohannan and Thomas Duckworth.

Toodyay Resources Limited ABN 88 000 759 535 PO Box 637, West Perth 6872, Western Australia

Hamish Bohannan

Mr Bohannan is a mining engineer with over 30 years experience in the minerals industry. His former roles include:

• managing director of Gallery Gold;

• executive general manager of Operations for Iluka;

• general manager for the Leinster and Kambalda Nickel Operations of WMC; and

• executive general manager of Operations for Mt Lyell.

Mr Bohannan is currently managing director of Braemore Resources, an AIM listed company with nickel and platinum assets, and non executive chairman of Tectonic Resources. He has detailed knowledge of the requirements for developing and operating a mine, as well as extensive understanding of the debt and equity markets.

Thomas Duckworth

Mr Duckworth is a metallurgist with over 47 years experience. His previous roles include:

• responsibility for all process aspects of the Tritton mine development and ongoing refinements to that process plant;

• responsibility for engineering, process design and commissioning of Hellyer Base Metal process plant in Tasmania;

• founding director of Signet Engineering;

• responsibility for the process design for the Cannington base metal process plant; and

• chief metallurgist for BP Seltrust, including responsibility for the Teutonic Bore process plant.

At the completion of the acquisition, Mr David Steinepreis and Mr Paul Hearne will resign as Directors and Gary Steinepreis will resign as Company Secretary. Mr Robert Anderson will be appointed as Company Secretary. Mr Anderson has 20 years experience as an accountant and was previously CFO/Company Secretary at Tritton Resources. He was responsible for the day to day finances of the company during the construction and operation phases of the Tritton mine and has extensive knowledge of the requirements of the ASX and the Corporations Act.

Yours faithfully

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Gary Steinepreis Director

Toodyay Resources Limited ABN 88 000 759 535 PO Box 637, West Perth 6872, Western Australia

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 Toodyay Resources Ltd

ABN 88 000 759 535

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	Michael McMullen
Date of appointment	26 September 2007

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

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

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

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Wildeville Enterprises ATF McMullen Family Trust	Number & class of Securities 247,027 Ordinary

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	Acquisition of Ord Investments Pty Ltd by Toodyay Resources Ltd as approved by shareholders on 26 September 2007
Nature of interest	Indirect
Name of registered holder (if issued securities)	On settlement: Wildeville Enterprises Pty Ltd McMullen Geological Services PtyLtd
No. and class of securities to which interest relates	98,079,515 Ordinary shares

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

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 Toodyay Resources Ltd

ABN 88 000 759 535

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	Thomas Duckworth
Date of appointment	26 September 2007

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

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 3

11/3/2002

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

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest. Nil

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	Acquisition of Ord Investments Pty Ltd by Toodyay Resources Ltd as approved by shareholders on 26 September 2007
Nature of interest	Indirect
Name of registered holder (if issued securities)	On settlement: TE and JA Duckworth
No. and class of securities to which interest relates	12,259,326 Ordinary shares

• See chapter 19 for defined terms.

Appendix 3X Page 4

11/3/2002

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 Toodyay Resources Ltd

ABN 88 000 759 535

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	Hamish Bohannan
Date of appointment	26 September 2007

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

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 5

11/3/2002

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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----- Start of picture text -----

Name of holder & nature of Number & class of Securities
interest
Note: Provide details of the circumstances giving rise
to the relevant interest.
Nil
----- End of picture text -----

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	Acquisition of Ord Investments Pty Ltd by Toodyay Resources Ltd as approved by shareholders on 26 September 2007
Nature of interest	Indirect
Name of registered holder (if issued securities)	On settlement: Hamish and Julie Bohannan Superannuation Fund>
No. and class of securities to which interest relates	20,840,855 Ordinary shares

• See chapter 19 for defined terms.

Appendix 3X Page 6

11/3/2002

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 Toodyay Resources Ltd

ABN 88 000 759 535

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	Declan Franzmann
Date of appointment	26 September 2007

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

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 7

11/3/2002

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

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Citraen Pty Ltd ATF Franzmann Family Trust. Director of Citraen.	Number & class of Securities 50,000 Ordinary

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	Acquisition of Ord Investments Pty Ltd by Toodyay Resources Ltd as approved by shareholders on 26 September 2007
Nature of interest	Indirect
Name of registered holder (if issued securities)	On settlement: Citraen Pty Ltd
No. and class of securities to which interest relates	51,489,171 Ordinary shares

• See chapter 19 for defined terms.

Appendix 3X Page 8

11/3/2002