NEOMETALS LTD — Director's Dealing 2007

May 20, 2007

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

21 May 2007

Company Announcements Office Australian Securities Exchange Limited Via Electronic Lodgement

Dear Sirs,

CHANGE OF DIRECTOR'S INTEREST x 3

Please find attached three Appendix 3Y Notices.

Yours faithfully,

GReed

Christopher Reed EXECUTIVE DIRECTOR COMPANY SECRETARY

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	David John Reed
Date of last notice	8 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	Direct/Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	A. David John Reed B. Trucking Nominees Pty Ltd (Director/Secretary and Shareholder) C. Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund (Director and Fund Member) D. Judith Mary Reed (Spouse)
Date of change	(i) $8$ May 2007 $(ii)$ 16 May 2007 (iii) 16 May 2007 (iv) 16 May 2007 $(v)$ 16 May 2007 (vi) 16 May 2007

No. of securities held prior to change
A. David John Reed	11,892,115 Ordinary Fully Paid
B. Trucking Nominees Pty Ltd	3,200,000 Ordinary Fully Paid
C.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund	7,573,740 Ordinary Fully Paid
D. Judith Mary Reed	100,000 Ordinary Fully Paid
Class	Ordinary Fully Paid
Number acquired
A. David John Reed	$(iv)$ 11,900
B. Trucking Nominees Pty Ltd	$(v)$ 11,900
C.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund	26,260 $\mathbf{I}$
	(ii) 100,000 $(iii)$ 11,900
D. Judith Mary Reed	$(vi)$ 11,900
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(i) \$12,902.62 \$47,155.10 (ii) \$4,998.00 (iii) \$4,998.00 (iv) \$4,998.00 (v) \$4,998.00 (v i )
No. of securities held after change
A. David John Reed	11,904,015
B. Trucking Nominees Pty Ltd	3,211,900
C.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund	7,611,900
D. Judith Mary Reed	111,900
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 (i) (ii) On-market trades Share Purchase Plan (iii) Share Purchase Plan (iv) Share Purchase Plan (v) Share Purchase Plan (vi)

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

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
IABN	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	6 March 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	Direct
Nature of indirect interest	Reekal Pty Ltd (m)
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant	$\leq$ Reed Super Fund A/c $\geq$
interest.	Director/Secretary
	Member of Fund
	(iv) Nickel Investments Pty Ltd Sole Director/Secretary
	Beneficiary of Trust
Date of change	16 May 2007

No. of securities held prior to change
Christopher John Reed	1,341,287 Ordinary Fully Paid (i) $1,000,000$ Unlisted Options $-35c$
Sonia Jean Reed	$400,000$ Unlisted Options $-50c$ (ii)
Reekal Pty Ltd	350,000 Ordinary Fully Paid (iii)
Nickel Investments Pty Ltd	38,713 Ordinary Fully Paid (iv) 400,000 Unlisted Options - 50c 500,000 Unlisted Options - 75c
Louron Exploration Pty Ltd	(v) $100,000$ Unlisted Options $-50c$
Gold Mines of Kalgoorlie Pty Ltd	$100,000$ Unlisted Options $-50c$ (vi) 500,000 Unlisted Options - 75c
Class	Ordinary Fully Paid
Number acquired	$(iii)$ 11,900 $(iv)$ 11,900
Number disposed
Value/Consideration	$(iii)$ \$4,998.00
Note: If consideration is non-cash, provide details and estimated valuation	$(iv)$ \$4,998.00
No. of securities held after change
Christopher John Reed	(vii) 1,341,287 Ordinary Fully Paid 1,000,000 Unlisted Options - 35c
Sonia Jean Reed	$400,000$ Unlisted Options $-50c$ (viii)
Reekal Pty Ltd	361,900 Ordinary Fully Paid (ix)
Nickel Investments Pty Ltd	50,613 Ordinary Fully Paid (x) 400,000 Unlisted Options - 50c 500,000 Unlisted Options - 75c
Louron Exploration Pty Ltd	100,000 Unlisted Options - 50c (x i )
Gold Mines of Kalgoorlie Pty Ltd	(xii) 100,000 Unlisted Options - 50c 500,000 Unlisted Options - 75c

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

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
lACN	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	Ian Courtney Junk
Date of last notice	13 December 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	Direct/Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Aurora Prospects Pty Ltd Director/Shareholder
Date of change	16 May 2007
No. of securities held prior to change
Ian Courtney Junk	(i) 250,000 Ordinary Fully Paid 250,000 Unlisted Options at 35c
Aurora Prospects Pty Ltd $\le$ Aurora Family A/c $\ge$	(ii) 500,000 Ordinary Fully Paid 500,000 Unlisted Options at 75c
Aurora Prospects Pty Ltd	(iii) 250,000 Ordinary Fully Paid
Class	Ordinary Fully Paid
Number acquired	11,900 (i)
	11,900 (ii)
	$(iii)$ 11,900
Number disposed

⁺ See chapter 19 for defined terms.

Value/Consideration	\$4,998.00 $\mathbf{u}$
Note: If consideration is non-cash, provide details and estimated valuation	\$4,998.00 (ii)
	(iii) \$4,998.00
No. of securities held after change
Ian Courtney Junk	261,900 Ordinary Fully Paid (1)
	250,000 Unlisted Options at 35c
Aurora Prospects Pty Ltd	$(ii)$ 511,900 Ordinary Fully Paid
$\le$ Aurora Family A/c $\ge$	500,000 Unlisted Options at 75c
Aurora Prospects Pty Ltd	(iii) 261,900 Ordinary Fully Paid
Nature of change	Shareholder Purchase Plan
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

⁺ See chapter 19 for defined terms.