PROSPECT RESOURCES LIMITED — Director's Dealing 2010

Nov 7, 2010

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

	Initial Director’s Interest Notice
Name of entity	ETHAN MINERALS LIMITED
ABN	30 124 354 329

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	JULIE GLANVILLE
Date of appointment	9 MARCH 2007

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

Number & class of securities

Nil

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 & natureof interestETHANHOLDINGSTRUST A/C_<a trust in_which the Director is abeneficiary>	Number & class of Securities1,500,000 FULLY PAID ORDINARYSHARES3,000,000UNLISTEDOPTIONSEXERCISABLE AT $0.20 EXPIRING18 OCTOBER 2012.

Part 3 – Director’s interests in contracts

Detail of contract	DEBT SETTLEMENTAGREEMENT
Nature of interest	INDIRECT
Name of registered holder (ifissued securities)	JULIE GLANVILLE

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

No. and class of securities to which 800,000 FULLY PAID ORDINARY SHARES interest relates (Issue of shares are subject to shareholder approval)

Rule 3.19A.1

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

	Initial Director’s Interest Notice
Name of entity	ETHAN MINERALS LIMITED
ABN	30 124 354 329

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	KEN FITZGERALD
Date of appointment	9 MARCH 2007

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

Number & class of securities

Nil

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	Number & class of Securities
of interest
ETHANHOLDINGS	1,500,000 FULLY PAID ORDINARY
TRUST A/C_<a trust in_	SHARES
which the Director is a
beneficiary>	3,000,000UNLISTEDOPTIONS
	EXERCISABLE AT $0.20 EXPIRING
	18 OCTOBER 2012.

Part 3 – Director’s interests in contracts

Detail of contract	DEBT SETTLEMENT
	AGREEMENT
Nature of interest	INDIRECT
Name of registered holder (if	KEN FITZGERALD
issued securities)

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

No. and class of securities to which 800,000 FULLY PAID ORDINARY SHARES interest relates (Issue of shares are subject to shareholder approval)

Rule 3.19A.1

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 ETHAN MINERALS LIMITED ABN 30 124 354 329

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	JULIE GLANVILLE
Date of last notice	8 DECEMBER 2009

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

Direct or indirect interest	1. Direct2. Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	1. JULIE GLANVILLE2. ETHANS HOLDING TRUST ACCOUNT< a trust in which the Director is a beneficiary>
Date of change	26 JULY 2010
No. of securities held prior to change	1. NIL2. 1,500,000 Fully Paid Ordinary Share3,000,000 Unlisted options exercisable at $0.20expiring 18 October 2012.
Class	Fully Paid Ordinary Shares
Number acquired	800,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Deemed at $0.20 per share as part of a debtsettlement agreement.
No. of securities held after change	1.800,000 Fully Paid Ordinary Shares2.1,500,000 Fully Paid Ordinary Shares3,000,000 Unlisted options exercisable at$0.20 expiring18 October 2012.
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Issued pursuant to resolution 3 approved at thegeneral meeting held on 13 July 2010.

Part 2 – Change of director’s interests in contracts

Detail of contract	NIL
Nature of interest	NIL
Name of registered holder(if issued securities)	NIL
Date of change	NIL
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	NIL
Interest acquired	NIL
Interest disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation	NIL
Interest after change	NIL

• See chapter 19 for defined terms. Appendix 3Y Page 2

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 ETHAN MINERALS LIMITED ABN 30 124 354 329

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	KEN FITZGERALD
Date of last notice	8 DECEMBER 2009

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

Direct or indirect interest	1. Direct2. Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	1. KEN FITZGERALD2. ETHANS HOLDING TRUST ACCOUNT< a trust in which the Director is a beneficiary>
Date of change	26 JULY 2010
No. of securities held prior to change	1. NIL2. 1,500,000 Fully Paid Ordinary Share3,000,000 Unlisted options exercisable at $0.20expiring 18 October 2012.
Class	Fully Paid Ordinary Shares
Number acquired	800,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	Deemed at $0.20 per share as part of a debtsettlement agreement.
No. of securities held after change	1.800,000 Fully Paid Ordinary Shares2.1,500,000 Fully Paid Ordinary Shares3,000,000 Unlisted options exercisable at$0.20 expiring18 October 2012.
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Issued pursuant to resolution 2 approved at thegeneral meeting held on 13 July 2010.

Part 2 – Change of director’s interests in contracts

Detail of contract	NIL
Nature of interest	NIL
Name of registered holder(if issued securities)	NIL
Date of change	NIL
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	NIL
Interest acquired	NIL
Interest disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation	NIL
Interest after change	NIL

• See chapter 19 for defined terms. Appendix 3Y Page 2

30/9/2001