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DEEP YELLOW LIMITED Director's Dealing 2006

Oct 24, 2006

64808_rns_2006-10-24_678cc731-0aa0-4753-8f08-d31ac1ac4d8f.pdf

Director's Dealing

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Level 1, 329 Hay Street, Subiaco WA 6008 PO Box 1770 Subiaco WA 6990

Tel: 08 9286 6999 Fax: 08 9286 6969 [email protected] www.deepyellow.com.au

25 October 2006

The Companies Announcement Office Australian Stock Exchange Limited Level 10 Exchange Centre 20 Bond Street SYDNEY NSW 2000

Dear Sirs

CHANGE IN DIRECTORS INTERESTS

Please find attached an Appendix 3Y in respect of a recent purchase by Ms Gillian Swaby.

Yours faithfully

VIelle

MARK PITTS Company Secretary

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 DEEP YELLOW LIMITED
ABN 97 006 391 948

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 Gillian Swaby
Date of last notice 13 October 2006

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 and Indirect
Nature of indirect interest Gillian Swaby
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Strategic Consultants Pty Ltd of which G Swaby
is a director and shareholder
Date of change 20 October 2006
No. of securities held prior to change 28,700,000 Ordinary Shares
3,000,000 Options exercisable at 25c before
31.12.08
2,000,000 Options exercisable at 35c before
31.12.08
Class Ordinary Shares
Number acquired 281,465
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
\$46,722.70

$\div$ See chapter 19 for defined terms.

No. of securities held after change 28,981,465 Ordinary Shares
3,000,000 Options exercisable at 25c before
31.12.08
2,000,000 Options exercisable at 35c before
31.12.08
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 on market

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 N/A
Nature of interest N/A
Name of registered holder
(if issued securities)
N/A
Date of change N/A
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
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash,
provide details and an
estimated
valuation
N/A
Interest after change N/A

+ See chapter 19 for defined terms.