VARISCAN MINES LIMITED — Director's Dealing 2004

Feb 17, 2004

Level 1, 80 Chandos Street, St Leonards NSW 2065 (PO Box 956, Crows Nest NSW 1585) Telephone: (02) 9906 5220 Facsimile: (02) 9906 5233 Email: pts@platsearch.com.au Website: www.platsearch.com.au

18 February 2004

Companies Announcements Office Australian Stock Exchange Limited

Appendix 3Y

In accordance with Listing Rule 3.19A we attach an Appendix 3Y form for a director.

Yours faithfully PLATSEARCH NL

Robert J Waring Company Secretary

App3Y Feb04.asx\rac

Appendix 3Y

Rule 3.19A.2

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	PlatSearch NL
ABN	16 003 254 395

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.

l Name of Director .	Robert John Waring
l Date of last notice :	21 January $2004$

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.	Shares held by Warinco Services Pty Limited as trustee of the Waring Family Trust - R J Waring is a beneficiary.
Date of change	10 February 2004 - purchase of 1,045 shares off market
No. of securities held prior to change	415,250 fully paid ordinary shares
	800,000 ESOP Options expire 26 Nov 2004, exercise price 25 cents
	240,000 ESOP Options expire 30 Nov 2006, exercise price 25 cents
Class	Fully paid ordinary shares - quoted on ASX
Number acquired	1,045 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-eash, provide details and estimated valuation	Purchased at 12 cents off market

⁺ See chapter 19 for defined terms.

No. of securities held after change	416,295 fully paid ordinary shares 800,000 ESOP Options expire 26 Nov 2004, exercise
	price 25 cents 240,000 ESOP Options expire 30 Nov 2006, exercise price 25 cents
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Purchase of 1,045 shares off market

Part 2 - Change of director's interests in contracts - R J Waring

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	None
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

$app3y - rjwjan04. asx/rac$

⁺ See chapter 19 for defined terms.