NEOMETALS LTD — Director's Dealing 2006

Aug 17, 2006

97 Outram Street West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

18 August 2006

Company Announcements Office
Australian Stock Exchange Limited
Via Electronic Lodgement

By Facsimile: 1900 999 279

Dear Sirs,

CHANGE OF DIRECTOR'S INTEREST

Please find attached an Appendix 3Y Notice.

Yours faithful l

David Reed Executive Chairman

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	. REED RESOURCES LTD
ABN	89 099 116 631

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 JOHN REED
Date of last notice	25 JANUARY 2006

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	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	TRUCKING NOMINEES PTY LTD ATF DJ REED SUPERANNUATION FUND (DIRECTOR & FUND MEMBER)
Date of change	14 AUGUST 2006 1. 2. 15 AUGUST 2006 3. 16 AUGUST 2006 16 AUGUST 2006 4. 17 AUGUST 2006 5.
No. of securities held prior to change
DAVID JOHN REED Α. TRUCKING NOMINEES PTY LTD В. C. TRUCKING NOMINEES PTY LTD ATE DJ REED SUPERANNUATION FUND JUDITH MARY REED D.	11,892,115 3,200,000 5,512,000 100.000
Class	FULLY PAID ORDINARY SHARES
Number acquired	242,347 1. $\overline{2}$ . 28,754 3. 28,899 100,000 4 5. 18,000
Number disposed	NIL

$\sim$

$\sim$

$\hat{\mathcal{A}}$

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation. No. of securities held after change		102,439.21 1. 2. 12,405.02 12,190.14 3. 42,138.60 $\mathbf{4}$ 5. 7,839.00
А.	DAVID JOHN REED	11,892,115
В.	TRUCKING NOMINEES PTY LTD	3,200,000
C.	TRUCKING NOMINEES PTY LTD ATF DJ REED SUPERANNUATION FUND	5,930,000
Е.	JUDITH MARY REED	100,000
	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ON-MARKET TRADE

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
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