PROSPECT RESOURCES LIMITED — Director's Dealing 2010

Aug 1, 2010

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 LTD 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 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

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. 3,000,000 Fully Paid Ordinary Share6,000,000 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/Consideration		Deemed at $0.20 per share as part of a debt
Note: If consideration is non-cash, providedetails and estimated valuation		settlement agreement.
No. of securities held after change	1.	800,000 Fully Paid Ordinary Shares
	2.	3,000,000 Fully Paid Ordinary Shares
		6,000,000 Unlisted options exercisable at
		$0.20 expiring18 October 2012.
Nature of change
Example: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-		Issued pursuant to resolution 2 approved at thegeneral meeting held on 13 July 2010.
back

Part 2 – Change of director’s interests in contracts

Detail of contract	NIL
Nature of interest	NIL
Name of registered holder	NIL
(if issued securities)
Date of change	NIL
No. and class of securities to which	NIL
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	NIL
Interest disposed	NIL
Value/Consideration	NIL
Note: If consideration is non-cash, provide
details and an estimated valuation
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 LTD 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 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

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. 3,000,000 Fully Paid Ordinary Share6,000,000 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/Consideration		Deemed at $0.20 per share as part of a debt
Note: If consideration is non-cash, providedetails and estimated valuation		settlement agreement.
No. of securities held after change	1.	800,000 Fully Paid Ordinary Shares
	2.	3,000,000 Fully Paid Ordinary Shares
		6,000,000 Unlisted options exercisable at
		$0.20 expiring18 October 2012.
Nature of change
Example: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-		Issued pursuant to resolution 3 approved at thegeneral meeting held on 13 July 2010.
back

Part 2 – Change of director’s interests in contracts

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

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

30/9/2001