METGASCO LTD — Director's Dealing 2008

Jul 1, 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	DAVID JOHNSON
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 AND INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	DEANP SUPER FUND PTY LTD
Date of change	24 JUNE 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	10,092,167FULLYPAIDORDINARYSHARES (HELD BY DAVID JOHNSON);4,480,575 OPTIONS EXERCISABLE AT$0.30 EACH AND EXPIRING 30/06/2009(Each option is to subscribe to one fully paidordinary share);70,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);70,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);110,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);92,358 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (eachoption is to subscribe to one fully paidordinary share);27,987 OPTIONS EXERCISABLE AT $0.90EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);29,159 OPTIONS EXERCISABLE AT $1.00EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);60,650 OPTIONS EXERCISABLE AT $1.10EACH, VESTING 30/06/2009, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share).
Class	FULLY PAID ORDINARY SHARES
Number acquired	150,000 TRANSFERRED FROM DIRECTTO INDIRECT INTEREST
Number disposed	150,000 TRANSFERRED FROM DIRECTTO INDIRECT INTEREST
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	9,942,167FULLYPAIDORDINARYSHARES (HELD BY DAVID JOHNSON);4,480,575 OPTIONS EXERCISABLE AT$0.30 EACH AND EXPIRING 30/06/2009(Each option is to subscribe to one fully paidordinary share);70,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);70,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);110,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (eachoption is to subscribe to one fully paidordinary share);92,358 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (eachoption is to subscribe to one fully paidordinary share);27,987 OPTIONS EXERCISABLE AT $0.90EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);29,159 OPTIONS EXERCISABLE AT $1.00EACH, VESTING 30/06/2008, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);60,650 OPTIONS EXERCISABLE AT $1.10EACH, VESTING 30/06/2009, EXPIRING30/06/2012 (each option is to subscribe toone fully paid ordinary share);INDIRECT INTEREST150,000 SHARES HELD BY DEANP SUPERFUND PTY LTD
	000option is to subscribe to one fully
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	OFF MARKET TRANSFER TO DEANPSUPER FUND PTY LTD

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

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