VAULT MINERALS LIMITED — Director's Dealing 2003

Dec 7, 2003

ABN 73 068 647 610

Telephone: +61 8 9322 4455 Facsimile: +61 8 9481 5950

8 December 2003

Manager Announcements Company Announcements Office Australian Stock Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

Appendix 3X

Please find enclosed an Appendix 3X on behalf of Mr C G Jackson.

Yours faithfully

NICHOLAS SMITH Chairman

Appendix 3X

Rule 3 194 1

Initial 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:	Red 5 Limited
ABN:	73 068 647 610

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director:	Colin George Jackson
Date of appointment:	5 December 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Number & class of securities

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.		Number & class of securities
Au Alliance Pty Ltd	Financial interest	225,000	fully paid shares

⁺ See chapter 19 for defined terms.

Part 3 - Director's interests in contracts

Details of contract
Nature of interest
Name of registered holder
(if issued securities)
Number and class of securities
to which interest relates

⁺ See chapter 19 for defined terms.