TREK METALS LIMITED — Director's Dealing 2008

Sep 16, 2008

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	Brian Rear
Date of last notice	13 August 2008

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 Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	SRH Resources P/L atf SRH Provident Fund – Mr Rear is a Director and Trustee.
Date of change	16 September 2008
No. of securities held prior to change	Direct : 300,000 Unlisted Options ex. price 12p exp. 26/7/09 200,000 Unlisted Options ex. price 16p exp. 22/6/10 500,000 Unlisted Options ex. price 20p exp. 31/8/11 Indirect : 235,000 Ordinary shares
Class	1.) Ordinary shares 2.) Listed options –ex.price 19c expiring31/8/09
Number acquired	1.) 41,228 Ordinary shares 2.) 13,742 Listed options
Number disposed	N/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1.) 12.4cents per Ordinary shares 2.) Listed options – free attaching

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct : 300,000 Unlisted Options ex. price 12p exp. 26/7/09 200,000 Unlisted Options ex. price 16p exp. 22/6/10 500,000 Unlisted Options ex. price 20p exp. 31/8/11 Indirect : 276,228 Ordinary shares 13,742 Listed options ex. price 19c expiring 31/8/09 Nature of change Participation in a rights issue. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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

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	Geoffrey Johnson
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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	16 September 2008
No. of securities held prior to change	Indirect : 200,000 Unlisted Options ex. price 12p exp. 26/7/09 1,250,000 Unlisted Options ex. price 14p exp. 9/6/09 500,000 Unlisted Options ex. price 16p exp. 22/6/10
Class	1.) Ordinary shares 2.) Listed options –ex.price 19c expiring31/8/09
Number acquired	1.) 16,129 Ordinary shares 2.) 5,376 Listed options
Number disposed	N/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1.) 12.4cents per Ordinary shares 2.) Listed options – free attaching

• 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 : 200,000 Unlisted Options ex. price 12p exp. 26/7/09 1,250,000 Unlisted Options ex. price 14p exp. 9/6/09 500,000 Unlisted Options ex. price 16p exp. 22/6/10 Direct: 16,129 Ordinary shares 5,376Listed options–ex. price19c expiring 31/8/09
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Participation in a rights issue

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

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	16 August 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	16 September 2008
No. of securities held prior to 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
Class	1.) Ordinary shares 2.) Listed options –ex.price 19c expiring31/8/09
Number acquired	1.) 16,129 Ordinary shares 2.) 5,376 Listed options
Number disposed	N/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1.) 12.4cents per Ordinary shares 2.) Listed options – free attaching

• 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 : 1,516,129 Ordinary shares 1,500,000 unlisted 12p options exp. 26/7/09 1,500,000 unlisted 14p options exp. 9/6/09 5,376 listed options ex. price 19c exp 31/8/09
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in a rights issue

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

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	Jeremy Wrathall
Date of last notice	13 August 2008

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	16 September 2008
No. of securities held prior to change	Direct : 190,000 Unlisted Options ex. price 12p exp. 26/7/09 300,000 Unlisted Options ex. price 16p exp. 22/6/10 500,000 Unlisted Options ex. price 20p exp. 31/8/11 Indirect : 175,000 Ordinary shares
Class	1.) Ordinary shares 2.) Listed options –ex.price 19c expiring31/8/09
Number acquired	1.) 15,000 Ordinary shares 2.) 5,000 Listed options
Number disposed	N/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1.) 12.4cents per Ordinary shares 2.) Listed options – free attaching

• 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	Direct : 15,000 Ordinary shares 190,000 Unlisted Options ex. price 12p exp. 26/7/09 300,000 Unlisted Options ex. price 16p exp. 22/6/10 500,000 Unlisted Options ex. price 20p exp. 31/8/11 5,000 Listed options –ex. price 19c expiring 31/8/09 Indirect : 175,000 Ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Participation in a rights issue

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