RAMELIUS RESOURCES LIMITED — Director's Dealing 2007

Aug 7, 2007

Appendix 3Y Change of Director’s Interest Notice

11Rule 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	Ramelius Resources Limited
ABN	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	5/7/2007

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect interest via exercise of options byAurelius Resources Pty Ltd [see below]
Date of change	3 August 2007
No. of securities held prior to change	(a) 100,217 shares direct (jointly withspouse)(b) 3,411,808 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.(c) 1,800,000 options [31/12/2007] indirectas per (b) above(d) 20,100,003 shares indirect via BeachPetroleum Limited (Director & shareholderof holder and via Aurelius Resources Pty Ltdthat is also a shareholder of the holder)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(a) Ordinary fully paid shares(b) Ordinary fully paid shares(c) Options [31/12/2007](d) Ordinary fully paid shares
Number acquired	800,000 shares indirect via AureliusResources Pty Ltd
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.18687 per option exercised [31/12/2007]
No. of securities held after change	(a) 100,217 shares direct (jointly withspouse)(b) 4,211,808 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.(c) 1,000,000 options [31/12/2007] indirectas per (b) above(d) 20,100,003 shares indirect via BeachPetroleum Limited (Director & shareholderof holder and via Aurelius Resources Pty Ltdthat is 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	Exercise of Options on 3/8/2007

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

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