STELLAR RESOURCES LIMITED — Director's Dealing 2007

Aug 16, 2007

Appendix 3Y

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	STELLAR RESOURCES LIMITED
ABN	96 108 758 961

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	Barrie Ernest Laws
Date of last notice	5 May 2005

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	15 August 2007
No. of securities held prior to change	500,000 Unlisted Options @ $0.30; 10/12/200875,000 Ordinary Shares
Class
Number acquired	425,000 Ordinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$0.22 each for total of $93,500
No. of securities held after change	500,000 Unlisted Options @ $0.30; 10/12/2008500,000 Ordinary Shares

+ See chapter 19 for defined terms. 070046SRL.doc

Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation in	On-market trade
buy‐back

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 changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non‐cash, provide detailsand an estimated valuation
Interest after change

+ See chapter 19 for defined terms.