Director/PDMR Shareholding

RNS Number:6790I
Ballarat Goldfields N.L.
08 September 2006


                                  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   BALLARAT GOLDFIELDS NL

ABN              50 006 245 441


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                            Mike Etheridge

Date of last notice                         11 November 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                                    DIRECT

Nature of indirect interest                                    Mike Etheridge
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.

Date of change                                                 8 September 2006

No. of securities held prior to change                         300,000 Fully
                                                               Paid Ordinary
                                                               Shares

                                                               1,000,000 Options

Class                                                          Fully Paid
                                                               Ordinary Shares

Number acquired                                                200,000

Number disposed                                                Nil

Value/Consideration                                            20 cents
Note: If consideration is non-cash, provide details and
estimated valuation

No. of securities held after change                            500,000 Fully
                                                               Paid Ordinary
                                                               Shares
                                                               1,000,000 Options

Nature of change                                               On-market trade
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




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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