PEEL MINING LIMITED — Director's Dealing 2007

May 22, 2007

Appendix 3X

Rule 3.19A.1

Initial 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	PEEL EXPLORATION LIMITED
ABN	119 343 734

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	SIMON HADFIELD
Date of appointment	20/04/2006

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

	1,000,000 ORDINARY SHARES Escrowed until 17 May 2009.
	500,000 UNLISTED OPTIONS Expiring 30 November 2010, exercisable at $0.20.
	Escrowed until 17 May 2009.
	2,500,000 UNLISTED OPTIONS Expiring 30 November 2010, exercisable at $0.30.
	Escrowed until 17 May 2009.

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities
interestNote: Provide details of the circumstances giving rise tothe relevant interest.
SALAMAR PTY LTD	55,000 ORDINARY SHARES1,045,000 ORDINARY SHARESEscrowed until 17 May 2009.550,000 UNLISTED OPTIONSExpiring 30 November 2010,exercisable at $0.20.Escrowed until 17 May 2009.

Part 3 – 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
and class of securities toNo.which interest relates	N/A

$+$ See chapter 19 for defined terms.

Appendix 3X

Rule 3.19A.1

Initial 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	PEEL EXPLORATION LIMITED
ABN	119 343 734

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MICHAEL KIERNAN
Date of appointment	15/03/2007

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of	Number & class of Securities
interestNote: Provide details of the circumstances giving rise tothe relevant interest.
CRAWLEY INVESTMENTS
PTY LTD	3,000,000 ORDINARY SHARES
	Escrowed until 17 May 2009.
	1,500,000 UNLISTED OPTIONS
	Expiring on 30 November 2010,
	exercisable at $0.20.
	Escrowed until 17 May 2009.
	2,500,000 UNLISTED OPTIONS
	Expiring on 30 November 2010,
	exercisable at $0.30.
	Escrowed until 17 May 2009.

Part 3 - 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

$+$ See chapter 19 for defined terms.

Appendix 3X

Rule 3.19A.1

Initial 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	PEEL EXPLORATION LIMITED
ABN	119 343 734

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ROBERT MACLAINE TYSON
Date of appointment	20 / 04 / 2006

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

	55,000 ORDINARY SHARES
2,045,000		ORDINARY SHARES Escrowed until 17 May 2009
		1,050,000 UNLISTED OPTIONS Expiring 30 November 2010, exercisable at $0.20.
		Escrowed until 17 May 2009.
		2,500,000 UNLISTED OPTIONS Expiring 30 November 2010, exercisable at $0.20.
		Escrowed until 17 May 2009.

+ See chapter 19 for defined terms.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities
interestNote: Provide details of the circumstances giving rise tothe relevant interest.
JORDAN & FLYNN TYSON	400,000 ORDINARY SHARES.Escrowed until 17 May 2009.200,000 UNLISTED OPTIONSExpiring on 30 November 2010,exercisable at $0.20.Escrowed until 17 May 2009.

Part 3 – 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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities towhich interest relates	N/A

$+$ See chapter 19 for defined terms.