STELLAR RESOURCES LIMITED — Director's Dealing 2005

May 4, 2005

Appendix 3X

Rule 3.19A.1

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	STELLAR RESOURCES LIMITED
ABN	96 108 758 961

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	Christopher Glen Anderson
Date of appointment	10 December 2004

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

1,000,000 Unlisted options, exercise price $0.30, expiring 10/12/2008

+ See chapter 19 for defined terms.

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

nature of $\vert$Name of holder &	Number & class of Securities
interestNote: Provide details of the circumstances giving rise tothe relevant interest.
Pondray Pty Ltd	75,000 Ordinary shares

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	Refer below
Nature of interest	Refer below
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates

Mr Anderson is a Director of:

• Euro Exploration which provides geological, geophysical and field Services to $\ddot{\phantom{a}}$ Stellar Group on arms length commercial terms.
• Vintage Exploration & Mining Pty Ltd which has granted Stellar an option to $\overline{a}$ purchase certain of its mining tenements.

$+$ See chapter 19 for defined terms.