RIMFIRE PACIFIC MINING LIMITED — Director's Dealing 2004

Jul 20, 2004

-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	RIMFIRE PACIFIC MINING NL
IA BN	59 006 911 744

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	GRAHAM BILLINGHURST
Date of last notice	15 December 2003

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change	Mrs Denise Billinghurst G&D Billinghurst (Colhurst Super Fund) Warcoll Holdings Pty Ltd Interest as director and beneficiary 2 July 2004
No. of securities held prior to change Class	Mrs Denise Billinghurst 68,704 ordinary shares & 25,764 options G&D Billinghurst (Colhurst Super Fund) 823,144 ordinary shares $& 2,308,679$ options Warcoll Holdings Pty Ltd 1,376,000 ordinary shares $& 516,000$ options Ordinary Shares
Number acquired	G&D Billinghurst (Colhurst Super Fund) 181,819 ordinary shares Warcoll Holdings Pty Ltd 1,365,152 ordinary shares
Number disposed	Nil

⁺ See chapter 19 for defined terms.

Appendix 3Y

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Ordinary shares \$0.0275 cents each
No. of securities held after change	Mrs Denise Billinghurst 68,704 ordinary shares $& 25,764$ options G&D Billinghurst (Colhurst Super Fund) 1,004,963 ordinary shares & 2,308,679 options Warcoll Holdings Pty Ltd 2,741,152 ordinary shares & 516,000 options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	$363,638$ - take up share purchase plan $1,183,333 -$ off market

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
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.