MARMOTA LIMITED — Director's Dealing 2007

Nov 26, 2007

Registered Office 140 Greenhill Rd Unley SA 5061

==> picture [283 x 83] intentionally omitted <==

ABN 38 119 270 816

Tel +61 8 8373 5588 Fax +61 8 8375 5971 www.marmotaenergy.com.au

ASX RELEASE

For Immediate Release 27 November 2007

Attached is Appendix 3X - Initial Director’s Interest Notices for Marmota Energy Limited.

Regards

Virginia Suttell Company Secretary

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: Marmota Energy Limited

ABN 38 119 270 816

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	Domenic Joseph Calandro
Date of appointment	12 July 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

Held by Domenic Joseph Calandro

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. Domenic Joseph Calandro as trustee for the J & K Trust of which D J Calandro is one of a class of persons who may be a beneficiary.	Number & class of Securities 40,000 Ordinary Shares 2,040,000 Ordinary Shares held in escrow for 24 months until 12/11/2009). 1,000,000 Options Exercisable at 40 cents expiring 11 July 2012 (held in escrow for 24 months until 12/11/2009).

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	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• 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: Marmota Energy Limited

ABN 38 119 270 816

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	Glenn Stuart Davis
Date of appointment	28 April 2006

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

Held by Glenn Stuart Davis

One Ordinary Shares

• 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. Held by Aloren (No 148) Pty Ltd (Sole Director) as trustee for the Davis Family Trust in which G S Davis is one of a class of persons who may be a beneficiary	Number & class of Securities 125,000 Ordinary Shares 2,825,000 Ordinary Shares (held in escrow for 24 months until 12/11/2009). 1,350,000 Options Exercisable at 40 cents expiring 11 July 2012 (held in escrow for 24 months until 12/11/2009).

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	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• 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: Marmota Energy Limited

ABN 38 119 270 816

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	Neville Foster Alley
Date of appointment	28 April 2006

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

Held by Neville Foster Alley

One Ordinary Shares

• 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. Neville Foster Alley and Bronwen Dianne Ireland as trustee for the Prospects Trust in which N F Alley is one of a class of persons who may be a beneficiary	Number & class of Securities 2,700,000 Ordinary Shares (held in escrow for 24 months until 12/11/2009). 1,350,000 Options Exercisable at 40 cents expiring 11 July 2012 (held in escrow for 24 months until 12/11/2009).

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	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• 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: Marmota Energy Limited

ABN 38 119 270 816

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	Robert Michael Kennedy
Date of appointment	28 April 2006

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

Held by Robert Michael Kennedy

One Ordinary Share

• 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. RMK Super Fund Pty Ltd as trustee for RMK Personal Super Fund Triple Eight Gold Pty Ltd (Sole Director) as trustee for the Blue Sky Trust in which RM Kennedy is one of a class of persons who may be a beneficiary

Number & class of Securities 200,000 Ordinary Shares 2,700,000 Ordinary Shares (held in escrow for 24 months until 12/11/2009). 66,666 Options Exercisable at 25 cents expiring 30 June 2008. 1,350,000 Options Exercisable at 40 cents expiring 11 July 2012 (held in escrow for a period of 24 months until 12/11/2009). 40,000 Ordinary Shares 40,000 Ordinary Shares (held in escrow for 24 months until 12/11/2009).

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	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• 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: Marmota Energy Limited

ABN 38 119 270 816

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	Reginald George Nelson
Date of appointment	28 April 2006

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

Held by Reginald George Nelson

One Ordinary Shares

• 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. Aurelius Resources Pty Ltdas trustee for the Nelson Superannuation Fund in which R G Nelson is one of a class of persons who may be a beneficiary.	Number & class of Securities 40,000 Ordinary Shares 900,000 Ordinary Shares (held in escrow for 24 months until 12/11/2009). 13,333 Options Exercisable at 25 cents expiring 30 June 2008. 450,000 Options Exercisable at 40 cents expiring 11 July 2012 (held in escrow for 24 months until 12/11/2009).

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	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002