TALONX RESOURCES LIMITED — Director's Dealing 2003

Jul 28, 2003

Appendix 3Y

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	MOUNT BURGESS MINING N.L.
IABN	31 009 067 476

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	Nigel Raymond Forrester
Date of last notice	17 July 2003

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 INTEREST	Nigel Raymond Forrester
INDIRECT INTEREST	Caroline Forrester (daughter) Claire Forrester (daughter) Jan Forrester (spouse) EST D M Forrester (late mother)
	Salto Pty Ltd Beta Man Svc. S/F a/c
Date of change	16,17 & 23 July 2003
No. of securities held prior to change DIRECT INTEREST
Nigel Raymond Forrester	7,580,506 ordinary fp shares 500,000 unlisted options
INDIRECT INTEREST
Caroline Forrester (daughter)	243,000 ordinary fp shares
Claire Forrester (daughter)	161,000 ordinary fp shares

⁺ See chapter 19 for defined terms.

Rule 3.19A.2

Jan Forrester (spouse)	434,910 ordinary fp shares
	250,000 unlisted options
Est DM Forrester (late mother)	13,860 ordinary fp shares
Salto Pty Ltd	1,000,000 ordinary fp shares
Beta Man Svc S/F a/c	2,300,000 ordinary fp shares
TOTAL	11,733,276 ordinary fp shares
Class	750,000 unlisted options
	Ordinary fp shares Unlisted Options
Number acquired
N R Forrester	40,000
Number disposed	nil
Value/Consideration
Purchases	\$3,544
Sales
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
DIRECT INTEREST
Nigel Raymond Forrester	7,620,506 ordinary fp shares 500,000 unlisted options
INDIRECT INTEREST
Caroline Forrester (daughter)	243,000 ordinary fp shares
Claire Forrester (daughter)	161,000 ordinary fp shares
Jan Forrester (spouse)	434,910 ordinary fp shares
	250,000 unlisted options
Est DM Forrester (late mother)	13,860 ordinary fp shares
Salto Pty Ltd	1,000,000 ordinary fp shares
Beta Man Sve S/F a/c	2,300,000 ordinary fp shares
TOTAL	11,773,276 ordinary fp shares 750,000 unlisted options
Nature of Change	On Market Trades

Part 2 - Change of director's interests in contracts

^÷ See chapter 19 for defined terms.

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 change Note: Details are only required for a contract in relation. to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.
Interest after change

Lodged: 29 July 2003

⁺ See chapter 19 for defined terms.