METGASCO LTD — Director's Dealing 2009

Jun 29, 2009

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	5 MAY 2009

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	29 JUNE 2009

• 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

813,215 FULLY PAID ORDINARY SHARES(HELD BY RICK WOOD);48,114FULLYPAIDORDINARYSHARES(JOINT HOLDING BY RICK AND JENIFERWOOD);1,120,144 OPTIONS EXERCISABLE AT $0.30EACH AND EXPIRING 30/06/2009 (each option isto subscribe to one fully paid ordinary share);100,000 OPTIONS EXERCISABLE AT $0.30EACH AND EXPIRING 20/04/2011 (each option isto subscribe to one fully paid ordinary share);44,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);46,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);60,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);51,994 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (each option isto subscribe to one fully paid ordinary share);19,695 OPTIONS EXERCISABLE AT $0.90EACH, VESTING 30/06/2008 AND EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);20,519 OPTIONS EXERCISABLE AT $1.00EACH,VESTING30/06/2008,EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);42,679 OPTIONS EXERCISABLE AT $1.10EACH,VESTING30/06/2009,EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);32,421 OPTIONS EXERCISABLE AT $1.20EACH, VESTING 1/7/2008 (each option is tosubscribe to one fully paid ordinary share);54,755 OPTIONS EXERCISABLE AT $1.20EACH, VESTING 1/7/2009 (each option is tosubscribe to one fully paid ordinary share);28,744 OPTIONS EXERCISABLE AT $1.40EACH, VESTING 1/7/2009 (each option is tosubscribe to one fully paid ordinary share);60,222 OPTIONS EXERCISABLE AT $1.60EACH, VESTING 1/7/2010 (each option is tosubscribe to one fully paid ordinary share).

Class

ORDINARY FULLY PAID SHARES

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	1,120,144
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.29 PER 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

813,215 FULLY PAID ORDINARY SHARES(HELD BY RICK WOOD);48,114FULLYPAIDORDINARYSHARES(JOINT HOLDING BY RICK AND JENIFERWOOD);1,120,144 FULLY PAID ORDINARY SHARES(HELD BY KOUTO HOLDINGS – WOOD FAMILYSUPER FUND)100,000 OPTIONS EXERCISABLE AT $0.30EACH AND EXPIRING 20/04/2011 (each option isto subscribe to one fully paid ordinary share);44,000 OPTIONS EXERCISABLE AT $0.35EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);46,000 OPTIONS EXERCISABLE AT $0.40EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);60,000 OPTIONS EXERCISABLE AT $0.50EACH AND EXPIRING 01/01/2012 (each option isto subscribe to one fully paid ordinary share);51,994 OPTIONS EXERCISABLE AT $0.90EACH AND EXPIRING 30/06/2012 (each option isto subscribe to one fully paid ordinary share);19,695 OPTIONS EXERCISABLE AT $0.90EACH, VESTING 30/06/2008 AND EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);20,519 OPTIONS EXERCISABLE AT $1.00EACH,VESTING30/06/2008,EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);42,679 OPTIONS EXERCISABLE AT $1.10EACH,VESTING30/06/2009,EXPIRING30/06/2012 (each option is to subscribe to onefully paid ordinary share);32,421 OPTIONS EXERCISABLE AT $1.20EACH, VESTING 1/7/2008 (each option is tosubscribe to one fully paid ordinary share);54,755 OPTIONS EXERCISABLE AT $1.20EACH, VESTING 1/7/2009 (each option is tosubscribe to one fully paid ordinary share);28,744 OPTIONS EXERCISABLE AT $1.40EACH, VESTING 1/7/2009 (each option is tosubscribe to one fully paid ordinary share);60,222 OPTIONS EXERCISABLE AT $1.60EACH, VESTING 1/7/2010 (each option is to

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back

EXERCISE OF OPTIONS

Part 2 – Change of director’s interests in contracts

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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	NA
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
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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