SKY METALS LIMITED — Director's Dealing 2007

Nov 6, 2007

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----- Start of picture text ----- ABN 46 098 952 035----- End of picture text -----

7 November 2007

The Manager Companies Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

(3 pages by e-mail)

Dear Madam

RE: INITIAL DIRECTOR'S INTEREST

In accordance with Listing Rule 3.19A, I attach Appendix 3X, an Initial Director's Interest Notice for Robert M. Bell.

Yours sincerely

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Peter J. Nightingale Director

pjn4147

Level 8, 261 George Street Sydney NSW Australia 2000 T: + 61 2 9247 5112 F: + 61 2 9247 7273 E: pnightingale@planetgas.com W: www.planetgas.com

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	PLANET GAS LIMITED
	ABN 46 098 952 035

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	Robert M. Bell
Date of appointment	30 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

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

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.Nil	Number & class of SecuritiesN/A

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.

Note: In the case of a company, interests	Note: In the case of a company, interests	which come within paragraph (ii) of the de	which come within paragraph (ii) of the de	which come within paragraph (ii) of the de	finition of “notifiable interest of a director”	should be disclosed in this part.	should be disclosed in this part.	should be disclosed in this part.
Detail of contract			Nil
Nature of interest			N/A
Name of registere	d h	lder	N/A
(if issued securitie	s)
No. and class of se	curities to		N/A
which interest rela	tes

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002