TREK METALS LIMITED — Director's Dealing 2009

Jul 30, 2009

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	10 June 2009

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 circumstancesgivingrise to the relevant interest.
Date of change	26 July 2009
No. of securities held prior to change	Indirect : 1,000,000 Ordinary shares Direct : 1,516,129 Ordinary shares 1,500,000 unlisted 12p options exp. 26/7/09 5,376 listed options ex. price19c exp31/8/09
Class	Unlisted 12p options exp. 26/7/09
Number acquired	N/A
Number disposed	1,500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

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 5,376 listed options ex. price 19c exp 31/8/09 Nature of change Options expired Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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	Brian Rear
Date of last notice	17 September 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	26 July 2009
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 : 276,228 Ordinary shares 13,742 Listed options ex. price19c exp.31/8/09
Class	Unlisted options ex. price 12p exp. 26/7/09
Number acquired	N/A
Number disposed	300,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Direct : 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 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	Options expired

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	10 June 2009

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.	Melissa Joanne Taylor (Wife)
Date of change	26 July 2009
No. of securities held prior to change	Indirect : 200,000 Unlisted options ex. price 12p exp. 26/7/09 500,000 Unlisted options ex. price 16p exp. 22/6/10 Direct: 16,129 Ordinary shares 5,376 Listed options–ex. price19c exp.31/8/09
Class	Unlisted options ex. price 12p exp. 26/7/09
Number acquired	N/A
Number disposed	200,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/A

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Indirect : 500,000 Unlisted options ex. price 16p exp. 22/6/10 Direct: 16,129 Ordinary shares 5,376 Listed options–ex. price 19c exp. 31/8/09 Nature of change Options expired 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

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