NEOMETALS LTD — Director's Dealing 2007

Jan 11, 2007

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

12 January 2007

Company Announcements Office Australian Securities Exchange Limited Via Electronic Lodgement

Dear Sirs,

CHANGE OF DIRECTOR'S INTEREST x 2

Please find attached two 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
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	David John Reed
Date of last notice	20 November 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.	C. Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund (Director and Fund Member)
Date of change	10 January 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	6,800,000 Ordinary Fully Paid
D. Judith Mary Reed	100,000 Ordinary Fully Paid
Class	Ordinary Fully Paid
Number acquired	230,000

Number disposed
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
	\$115,136.55
No. of securities held after change
A. David John Reed	11,892,115
B. Trucking Nominees Pty Ltd	3,200,000
C.Trucking Nominees Pty Ltd	7,030,000
ATF D.J.Reed Superannuation Fund
D. Judith Mary Reed	100,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of	On-market trade
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
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	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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(iv) Nickel Investments Pty Ltd Sole Director/Secretary Beneficiary of Trust
Date of change	10 January 2007
No. of securities held prior to change Christopher John Reed	1,641,287 Ordinary Fully Paid (i) $1,000,000$ Unlisted Options $-35c$
Sonia Jean Reed	(ii) $400,000$ Unlisted Options $-50c$
Reekal Pty Ltd	350,000 Ordinary Fully Paid (iii)
Nickel Investments Pty Ltd	(iv) 238,713 Ordinary Fully Paid $400,000$ 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
Number disposed	(iv) 200,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$99,780.00
No. of securities held after change Christopher John Reed	1,641,287 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 (v i ) $500,000$ 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 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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change