QPM ENERGY LIMITED — Director's Dealing 2008

Sep 22, 2008

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	EAGLE NICKEL LIMITED
ABN	61 125 368 658

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 David Zohar Date of last notice 07/04/2008

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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest.Director & 50% shareholderRelated partyRelated PartyDate of change	Direct & IndirectSwancove Enterprises Pty LtdJulie ZoharShoshanna Zohar18/09/2008
No. of securities held prior to change	15,025,003 Shares26,440,500 Options
Class	Ordinary fully paid sharesOptions expiring 01/07/12 @ 30 cents
Number acquired	315,000 Shares149,000 Options
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$59,170.00
No. of securities held after change	15,340,003 Shares26,589,500 Options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of On-market trades securities under dividend reinvestment plan, participation in buy-back

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002