PILOT ENERGY LIMITED — Director's Dealing 2011

Oct 16, 2011

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 30/09/01 Amended 01/01/11

Name of entity	EARTH HEAT RESOURCES LTD
ABN	86 115 229 984

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	Raymond Douglas Shaw
Date of last notice	18 August 2010

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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Not applicable to this purchase
Date of change	14 October 2011
No. of securities held prior to change	63,414,641 restricted until 22 January 20114,425,000 unrestricted67,839,641 Beneficiary ofRaymond Douglas Shaw & Rita BarbaraJones ATF The Shaw Jones Super Fund
Class	ORD held as CDIs
Number acquired	250,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$7,600.00

+ See chapter 19 for defined terms.

63,414,641 restricted until 22 January 20114,425,000 unrestricted67,839,641 Beneficiary of Raymond DouglasShaw & Rita Barbara Jones ATF The Shaw
Jones Super Fund
250,000 Direct unrestricted
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	NA
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation
Interest after change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

+ See chapter 19 for defined terms.