METGASCO LTD — Director's Dealing 2008

Nov 23, 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 METGASCO LTD

ABN 088 196 383

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	RICK WOOD
Date of last notice	12 MAY 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	17 NOVEMBER 2008

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	722,858 FULLY PAID ORDINARY SHARES(HELD BY RICK WOOD);42,768 FULLY PAID ORDINARY SHARES(JOINT HOLDING BY RICK AND JENIFERWOOD);1,120,144 OPTIONS EXERCISABLE AT$0.30 EACH AND EXPIRING 30/06/2009(each option is to subscribe to one fully paidordinary share);100,000 OPTIONS EXERCISABLE AT $0.30EACH AND EXPIRING 20/04/2011 (eachoption is to subscribe to one fully paidordinary share);44,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);46,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);60,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);51,994 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (eachoption is to subscribe to one fully paidordinary share);19,695 OPTIONS EXERCISABLE AT $0.90EACH,VESTING30/06/2008ANDEXPIRING 30/06/2012 (each option is tosubscribe to one fully paid ordinary share);20,519 OPTIONS EXERCISABLE AT $1.00EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);42,679 OPTIONS EXERCISABLE AT $1.10EACH, VESTING 30/06/2009, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share).
Class	UNLISTED OPTIONS
Number acquired	176,142
Number disposed	NIL

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation

N/A

No. of securities held after change

722,858 FULLY PAID ORDINARY SHARES(HELD BY RICK WOOD);42,768 FULLY PAID ORDINARY SHARES(JOINT HOLDING BY RICK AND JENIFERWOOD);1,120,144 OPTIONS EXERCISABLE AT$0.30 EACH AND EXPIRING 30/06/2009(each option is to subscribe to one fully paidordinary share);100,000 OPTIONS EXERCISABLE AT $0.30EACH AND EXPIRING 20/04/2011 (eachoption is to subscribe to one fully paidordinary share);44,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);46,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);60,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);51,994 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (eachoption is to subscribe to one fully paidordinary share);19,695 OPTIONS EXERCISABLE AT $0.90EACH,VESTING30/06/2008ANDEXPIRING 30/06/2012 (each option is tosubscribe to one fully paid ordinary share);20,519 OPTIONS EXERCISABLE AT $1.00EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);42,679 OPTIONS EXERCISABLE AT $1.10EACH, VESTING 30/06/2009, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);32,421 OPTIONS EXERCISABLE AT $1.20EACH, VESTING 1/7/2008 (each option is tosubscribe to one fully paid ordinary share);

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change CONT	No. of securities held after change CONT	No. of securities held after change CONT	No. of securities held after change CONT	54,755 OPTIONS EXERCISABLE AT$1.20 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);28,744 OPTIONS EXERCISABLE AT$1.40 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);60,222 OPTIONS EXERCISABLE AT$1.60 EACH, VESTING 1/7/2010 (eachoption is to subscribe to one fully paidordinary share).	54,755 OPTIONS EXERCISABLE AT$1.20 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);28,744 OPTIONS EXERCISABLE AT$1.40 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);60,222 OPTIONS EXERCISABLE AT$1.60 EACH, VESTING 1/7/2010 (eachoption is to subscribe to one fully paidordinary share).	54,755 OPTIONS EXERCISABLE AT$1.20 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);28,744 OPTIONS EXERCISABLE AT$1.40 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);60,222 OPTIONS EXERCISABLE AT$1.60 EACH, VESTING 1/7/2010 (eachoption is to subscribe to one fully paidordinary share).	54,755 OPTIONS EXERCISABLE AT$1.20 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);28,744 OPTIONS EXERCISABLE AT$1.40 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);60,222 OPTIONS EXERCISABLE AT$1.60 EACH, VESTING 1/7/2010 (eachoption is to subscribe to one fully paidordinary share).	54,755 OPTIONS EXERCISABLE AT$1.20 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);28,744 OPTIONS EXERCISABLE AT$1.40 EACH, VESTING 1/7/2009 (eachoption is to subscribe to one fully paidordinary share);60,222 OPTIONS EXERCISABLE AT$1.60 EACH, VESTING 1/7/2010 (eachoption is to subscribe to one fully paidordinary share).
Nature of chaExample: on-markesecurities under div	nget trade, off-market trad	e, exercise of options, issue of		ISSUE OF UAPPROVED		NLISTED OPTIOBY MEMBERS	NST THE
	idend reinvestment pla	n, participation in bu	y-back	AN	NUAL GE	NERAL MEETIN	G
Part 2 – Chan	ge of director	’s interests i	n contracts

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	Detail of contract	Detail of contract	Detail of contract	NA	NA	NA	NA	NA	NA	NA	NA	NA
Nature of interest
Name of registered holder(if issued securities)
Date of ch	ange
No. and cinterest reNote: Details a	lass of seclated prior tre only required f	urities to changor a contrac	o whichet in relation
to which the in	terest has change
Interest a	cquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

• See chapter 19 for defined terms.

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