REACH RESOURCES LIMITED — Director's Dealing 2007

Oct 28, 2007

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Cervantes Seafood Limited ABN 79 097 982 235

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	Collin Vost
Date of appointment	29 October 2007

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

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.

Number & class of securities

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

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 & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.New York Holdings Pty Ltd(Mr Vost is a director andshareholderofNewYorkHoldings Pty Ltd)New York Holdings Pty Ltd ATFthe CV Superannuation Fund.(Mr Vost is a beneficiary of theCV Superannuation Fund)	Number & class of Securities5,620,000 Fully Paid Ordinary Shares5,000,000 Options (1.5c, 31 Dec 2008)25,000,000 Fully Paid Ordinary Shares25,000,000 Options (1.5c, 31 Dec 2008)

Part 3 – 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 Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

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