TALONX RESOURCES LIMITED — Director's Dealing 2003

Jul 16, 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.
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	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	2/07/03
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.

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	$-03$ 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	3, 4, 8, 10 14 July 2003
No. of securities held prior to change DIRECT INTEREST
Nigel Raymond Forrester	7,483,706 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 Beta Man Svc S/F a/c	1,000,000 ordinary fp shares
TOTAL	2,300,000 ordinary fp shares
	11,636,476 ordinary fp shares 750,000 unlisted options
Class	Ordinary fp shares
	Unlisted Options
Number acquired
N R Forrester	96,800
Number disposed	nil
Value/Consideration
Purchases	\$8,494.60
Sales
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after 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
Jan Forrester (spouse)	434,910 ordinary fp shares
Est DM Forrester (late mother)	250,000 unlisted options
Salto Pty Ltd	13,860 ordinary fp shares
Beta Man Sve S/F a/c	1,000,000 ordinary fp shares 2,300,000 ordinary fp shares
TOTAL	11,733,276 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: 17 July 2003

⁺ See chapter 19 for defined terms.