NEOMETALS LTD — Director's Dealing 2007

Jun 12, 2007

Appendix 3Y

Rule 3.19A.2

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	21 May 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. ≺Nickel Investments Account> Sole Director/Secretary Beneficiary of Trust
Date of change	5 June 2007 (i) 6 June 2007 (ii)
No. of securities held prior to change
A. Christopher John Reed	1,341,287 Ordinary Fully Paid $1,000,000$ Unlisted Options $-35c$
B. Sonia Jean Reed	$400,000$ Unlisted Options $-50c$
C. Reekal Pty Ltd $\leq$ Reed Super Fund A/c $\geq$	361,900 Ordinary Fully Paid
D. Nickel Investments Pty Ltd $\le$ Nickel Investments Account $\ge$	50,613 Ordinary Fully Paid $400,000$ Unlisted Options $-50c$ $500,000$ Unlisted Options $-75c$
E. Louron Exploration Pty Ltd	$100,000$ Unlisted Options $-50c$
F. Gold Mines of Kalgoorlie Pty Ltd	100,000 Unlisted Options – 50c $500,000$ Unlisted Options $-75c$

Class	Ordinary Fully Paid
Number acquired	$(i)$ 20,000 (ii) 50,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) $$8,137.50$ $(ii)$ \$19,578.02
No. of securities held after change A. Christopher John Reed	1,341,287 Ordinary Fully Paid $1,000,000$ Unlisted Options $-35c$
B. Sonia Jean Reed	$400,000$ Unlisted Options $-50c$
C. Reekal Pty Ltd $\leq$ Reed Super Fund A/c $\geq$	361,900 Ordinary Fully Paid
D. Nickel Investments Pty Ltd $\le$ Nickel Investments Account $\ge$	120,613 Ordinary Fully Paid $400,000$ Unlisted Options $-50c$ $500,000$ Unlisted Options $-75c$
E. Louron Exploration Pty Ltd	$100,000$ Unlisted Options $-50c$
F. Gold Mines of Kalgoorlie Pty Ltd	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	On-market trades

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