PROSPECT RESOURCES LIMITED — Director's Dealing 2010

Oct 17, 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	DOUGLAS (BILL) O’NEILL
Date of appointment	13 OCTOBER 2010

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

Number & class of securities

10,000 FULLY PAID ORDINARY SHARES

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 interestHOLESMORE PTY LTD	Number & class of Securities10,000 FULLY PAID ORDINARYSHARES

Part 3 – Director’s interests in contracts

Part 3 – Director’s interests in contracts
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

Rule 3.19A.1

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002