Metals X Limited — Director's Dealing 2008

Jul 9, 2008

Appendix 3Y Change of Director’s Interest Notice

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	METALS X LIMITED
ABN	25 110 150 055

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	DONALD MARK OKEBY
Date of last notice	10 July 2008

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 & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Liberty Management Pty Ltd, HawkridgeHoldings Pty Ltd and DDS International PtyLtd <DDS Super Fund a/c> of which DMOkeby is a Director
Date of change	7 July 2008
No. of securities held prior to change	49,737,501 Fully Paid Ordinary Shares2,755,000 Options exercisable at 25 centsexpiring 30/06/098,987,500 Options exercisable at 20 centsexpiring 31/12/081,000,000 Options exercisable at 46 centsexpiring 30/11/2010
Class	Fully Paid Ordinary Shares
Number acquired	19,100

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$7,067.00
No. of securities held after change	49,756,601 Fully Paid Ordinary Shares2,755,000 Options exercisable at 25 centsexpiring 30/06/098,987,500 Options exercisable at 20 centsexpiring 31/12/081,000,000 Options exercisable at 46 centsexpiring 30/11/2010
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off-market purchase

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002