LIBERTY METALS LTD — Director's Dealing 2007

Jan 2, 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	TRAKA RESOURCES LIMITED
ABN	63 103 323 173

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	PATRICK VERBEEK
Date of last notice	7 August 2006 (and Form 605 13 December 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

Direct or indirect interest	Direct and Indirect
Nature of indirect interest	Securities held by Malahang Pty
(including registered holder)	Malahang Pty Ltd and Ltd
Note: Provide details of the circumstances giving rise to the relevant interest.	(Patrick Verbeek SF A/c) - a
	Mr company controlled by
	Verbeek
Date of change	28 December 2006
No. of securities held prior to change:-
Direct :
Options - not listed	1,000,000
Indirect:
Ordinary Shares Fully Paid	1,916,666
Options - not listed	2,000,000
Class	Options - not listed
Number acquired:-
Direct: Options - not listed exercisable at 20 cents each with a 5 year term	1,000,000
Number disposed	Nil
Value/Consideration	No consideration - issued free
Note: If consideration is non-cash, provide details and estimated valuation

⁺ See chapter 19 for defined terms.

No. of securities held after change:- Direct: Options - not listed Indirect : Ordinary Shares Fully Paid Options - not listed	2,000,000 1,916,666 2,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of options following shareholder approval at AGM

Part 2 - Change of director's interests in contracts

Detail of contract	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
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

$+$ See chapter 19 for defined terms.