RAMELIUS RESOURCES LIMITED — Director's Dealing 2004

Apr 19, 2004

Appendix 3Y

11 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 30/9/2001.

Name of entity	Ramelius Resources Limited
IABN	51 001 717 540

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	Reginald George Nelson
Date of last notice	30/03/2004

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 inferest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	16/4/2004
No. of securities held prior to change	(a) 20,000 shares direct (jointly with spouse)(b) 5,000 options direct (jointly with spouse)(c) 1,610,000 shares indirect via AureliusResources Pty Ltd (jointly with spouse:100% beneficial owners & directors) astrustee for the Nelson Superannuation Fundof which RG Nelson is one of a class ofpersons who may be a beneficiary.(d) $2,705,000$ options indirect as per (c)above(e) 1,000,000 shares indirect via Far CornersMinerals Pty Ltd (with spouse: 6.67%beneficial owners via Aurelius Resources PtyLtd (trustee for the Nelson SuperannuationFund of which RG Nelson is one of a class ofpersons who may be a beneficiary)(f) $500,000$ options indirect as per (c) above

+ See chapter 19 for defined terms.

No. of securities held prior to change (cont.)	$(g)$ 13,400,002 shares indirect via BeachPetroleum Limited (Director & shareholderof holder and via Aurelius Resources NL thatis also a shareholder of the holder)
Class	(a) Ordinary fully paid shares(b) Options(c) Ordinary fully paid shares(d) Options(e) Ordinary fully paid shares(f) Options(g) Ordinary fully paid shares
Number acquired	Nil
Number disposed	7,273 Ordinary fully paid shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.11 per share
No. of securities held after change	(a) 20,000 shares direct (jointly with spouse)(b) 5,000 options direct (jointly with spouse)(c) 1,602,727 shares indirect via AureliusResources Pty Ltd (jointly with spouse:100% beneficial owners & directors) astrustee for the Nelson Superannuation Fundof which RG Nelson is one of a class ofpersons who may be a beneficiary.(d) $2,705,000$ options indirect as per (c)above(e) 1,000,000 shares indirect via Far CornersMinerals Pty Ltd (with spouse: 6.67%beneficial owners via Aurelius Resources PtyLtd (trustee for the Nelson SuperannuationFund of which RG Nelson is one of a class ofpersons who may be a beneficiary)(f) $500,000$ options indirect as per (c) above$(g)$ 13,400,002 shares indirect via BeachPetroleum Limited (Director & shareholderof holder and via Aurelius Resources NL thatis also a shareholder of the holder)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Off market transfer

+ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

$N/A$

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities- fowhich interest related prior tochangeNote: 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

$\overline{\text{+ See chapter 19}}$ for defined terms.