TALONX RESOURCES LIMITED — Director's Dealing 2003

Jul 17, 2003

Rule 3.19A.2

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.
IA BN	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	Ronald William O'Regan
Date of last notice	3 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	Indirect	Indirect	TOTAL
Nature of indirect interest (including registered holder) Note: Provide details of the eircumstances giving rise to the relevant interest.	Ronald William O'Regan	Mrs Jennifer $O'$ Regan (spouse)	Swan Alley Nominees ISA a/c
Date of change	11/07/03
No. of securities held prior to changeA B	1,513,200 500,000	1,136,800	450,000	3,100,000 500,000
Class A B	Ord Fl Pd Unlst Opt
Number acquired A в	100,000			100,000
Number disposed A В
Value/Consideration R Note: If consideration is non-cash, provide details and estimated valuation	\$9,050
No. of securities held after changeA В	1,613,200 500,000	1,136,800	450,000	3,200,000 500,000

⁺ See chapter 19 for defined terms.

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

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 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: 17 Jul 03

⁺ See chapter 19 for defined terms.