SUPERIOR RESOURCES LIMITED — Director's Dealing 2007

Nov 13, 2007

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 SUPERIOR RESOURCES LIMITED

ABN 72 112 844 407

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	David John HORTON
Date of appointment	8/02/2005

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

20,000 ordinary 2,000,000 – 2011 options (unquoted)

• 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 to	Number & class of Securities
	the relevant interest.DavidJohnHORTON&Rosalind Denise HORTON (jointholder)Horton Family Super Pty Ltd (member)Horton Geoscience ConsultantsPty Ltd (director & shareholder)	1,575,000 ordinary1,075,000 ordinary25,000 ordinary

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	none
Nature of interest
Name of registered holder(if issued securities)
No and class of securities to
.which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002