NEOMETALS LTD — Director's Dealing 2007

Nov 27, 2007

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 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	Christopher John Reed
Date of last notice	13 June 2007

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.	D. Nickel Investments Pty Ltd Sole Director/Secretary Beneficiary of Trust E. Louron Exploration Pty Ltd Director/Secretary Shareholder
Date of change	28 November

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Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change A. Christopher John Reed B. Sonia Jean Reed C. Reekal Pty Ltd D. Nickel Investments Pty Ltd E. Louron Exploration Pty Ltd F. Gold Mines of Kalgoorlie Pty Ltd	1,341,287 Ordinary Fully Paid 1,000,000 Unlisted Options – 35c 400,000 Unlisted Options – 50c 361,900 Ordinary Fully Paid 120,613 Ordinary Fully Paid 400,000 Unlisted Options – 50c 500,000 Unlisted Options – 75c 100,000 Unlisted Options – 50c 100,000 Unlisted Options – 50c 500,000 Unlisted Options – 75c
Class	Unlisted Options – 85c
Number acquired	D. 800,000 E. 200,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change A. Christopher John Reed B. Sonia Jean Reed C. Reekal Pty Ltd D. Nickel Investments Pty Ltd E. Louron Exploration Pty Ltd F. Gold Mines of Kalgoorlie Pty Ltd	1,341,287 Ordinary Fully Paid 1,000,000 Unlisted Options – 35c 400,000 Unlisted Options – 50c 361,900 Ordinary Fully Paid 120,613 Ordinary Fully Paid 400,000 Unlisted Options – 50c 500,000 Unlisted Options – 75c 800,000 Unlisted Options – 85c 100,000 Unlisted Options – 50c 200,000 Unlisted Options – 85c 100,000 Unlisted Options – 50c 500,000 Unlisted Options – 75c
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Unlisted Options under AGM Resolution

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Appendix 3Y Change of Director’s Interest Notice

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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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Appendix 3Y Page 3