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
1ABN	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	Thomas John Burrowes
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 ofof holder &Name :interestNote: Provide details of the circumstances giving rise tothe relevant interest.	Number & Class Of Securities
Providence Gold & Minerals PtyLtd	1,000,000 Ordinary Shares
Providence Gold & Minerals PtyLtd (Super Fund A/c)	16,112 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 Burrowes is a Director of:

Providence Gold & Minerals Pty Ltd which has a joint venture arrangement with Stellar Resources Limited in reference to the Four Eagles Project.

$+$ See chapter 19 for defined terms.