TREK METALS LIMITED — Director's Dealing 2007

Aug 15, 2007

ASX Announcement 16 August 2007

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Change of Directors Interest

Please find attached an Appendix 3Y for the change of holder of the Managing Director, Julian Ford’s shares from an indirect holding to a direct holding as follows :

Security	Shares :	Shares :	Options :	Options :
Held	Direct	Indirect	Direct	Indirect
Holding prior to trade	-	2,500,000	3,000,000	-
Off market trade	1,500,000	(1,500,000)	3,000,000	-
Holding after trade	1,500,000	1,000,000	3,000,000	-

There has been no change in total holding as a result of the off market trade.

Lloyd Flint Chief Financial Officer

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ARBN 124 462 826

Bermuda: Canon’s Court 22 Victoria Street Hamilton HM12

Australia: 17 Ord Street West Perth PO Box 1796 WA 6872 Tel: (+61-8) 9216 9000 Fax: (+61-8) 9216 9090

Zambia: Mwembeshi Resources Limited Plot 5777N Great East Road Kalundu Lusaka Tel: (+26) (021) 1291 645 Fax: (+26) (021) 1292 411

Stock Exchange Listings: ASX: ZRL AIM: ZRL

Issued Capital: 187,985,279 ordinary shares 8,420,000 options

Directors: Non-Executive Chairman: Brian Rear Managing Director: Julian Ford Exploration Director: Geoff Johnson Non-Executive Director: Jeremy Wrathall Chief Financial Officer: Lloyd Flint

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 ZAMBEZI RESOURCES LIMITED

ARBN 124 462 826

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	Julian Ford
Date of last notice	6 July 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 to Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Harpendon Nominees Pty Ltd of which Julian Ford is a Director, to Julian Ford directly.
Date of change	13 August 2007
No. of securities held prior to change	Indirect : 2,500,000 Ordinary shares Direct : 1,500,000 unlisted 12p options exp. 26/7/09 1,500,000 unlisted 14p options exp. 9/6/09
Class	Ordinary shares
Number acquired	1,500,000
Number disposed	1,500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	55c per share

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Indirect : 1,000,000 Ordinary shares Direct : 1,500,000 Ordinary shares 1,500,000 unlisted 12p options exp. 26/7/09 1,500,000 unlisted 14p options exp. 9/6/09
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002