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IONIC RARE EARTHS LIMITED Director's Dealing 2006

Feb 9, 2006

65151_rns_2006-02-09_b6aee95b-2765-4c6e-996d-5db1d7559142.pdf

Director's Dealing

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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 EZENET LIMITED
ABN 84 083 646 477

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 Dr Wolf Gerhard Martinick
Date of last notice 18 November, 2005

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.
N/A
Date of change 7 February, 2006
No. of securities held prior to change W G Martinick
10,197,607 fully paid ordinary shares
7,920,887 15¢ 30/06/07 options
3,500,000 20¢ 30/06/10 options
Martinick Investments Pty Ltd AFT The
Martinick superannuation Fund
822,837 fully paid ordinary shares
140,146 15¢ 30/06/07 options
Class $15¢$ 30 June 2007 options
Number acquired W G Martinick $-1,250$
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
\$12.50

+ See chapter 19 for defined terms.

No. of securities held after change W G Martinick
10,197,607 fully paid ordinary shares
7,922,137 15¢ 30/06/07 options
3,500,000 20¢ 30/06/10 options
Martinick Investments Pty Ltd AFT The
Martinick superannuation Fund
822,837 fully paid ordinary shares
140,146 15¢ 30/06/07 options
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buv-back
On Market Acquisition

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 \$350,000.00 10% per annum Convertible Note dated 1
July 2005
Nature of interest Lender
Name of registered holder
(if issued securities)
W G Martinick - \$350,000.00 10%
- per
annum
Convertible Note dated 18 November 2005
Date of change 18 November, 2005
No. and class of securities
tο
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Martinick Investments Pty Ltd - \$500,000.00 10% per
annum Convertible Note dated 1 July 2005
W G Martinick - \$100,000.00 10% per
annum
Convertible Note dated 18 November 2005
Interest acquired W G Martinick - \$350,000.00 10%
per
annum
Convertible Note dated 18 November 2005
Interest disposed W G Martinick - \$100,000.00 10%
per
annum
Convertible Note dated 1 July 2005
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Acquisition \$350,000.00
Disposal \$100,000
Interest after change \$500,000.00 10% per annum Convertible Note dated 1
July 2005
\$350,000.00 10% per annum Convertible Note dated 18
November 2005

+ See chapter 19 for defined terms.