TITANIUM SANDS LIMITED — Director's Dealing 2007

Dec 6, 2007

Appendix 3Y Change of Director’s Interest Notice

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: Precious Metals Australia Limited ACN: 009 131 533

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	Michael Laurence James Kiernan
Date of last notice	30 April 2007

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr MLJ Kiernan has an interest in Crawley Investments Pty Ltd
Date of change	7 December 2007
No. of securities held prior to change	(1) Ordinary shares - 52,564 (2) Options – 500,000 exercisable at $2.20
Class	(1) Ordinary Shares (2) Options expiring 26 September 2011 and 26 March 2012
Number acquired	Nil
Number disposed	52,564 ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Various between $1.85 and $2.00.

C:\Documents and Settings\r.wilson\Local Settings\Temporary Internet Files\OLK81\ASX Rel - Appendix 3Y - MK (07 12 07).doc

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

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No. of securities held after change Crawley Investments Pty Ltd:
(1) Options – 500,000
Nature of change On market trade.
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
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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.

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Detail of contract Not Applicable
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
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• C:\Documents and Settings\r.wilson\Local Settings\Temporary Internet Files\OLK81\ASX Rel - Appendix 3Y - MK (07 12 07).doc

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002