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Wed 6 Jun 2007, 11:53 GVM - GVM Metals Limited - Change of Director s in
GVM
 GVGVM                                                                           
    GVM - GVM Metals Limited - Change of Director s interest notice             
                                                                                
    GVM Metals Limited                                                          
(previously, "Golden Valley Mines Limited")                                 
    (Incorporated and registered in Australia)                                  
    (Registration number ACN 008 905 388)                                       
    Share code on the JSE Limited: GVM                                          
ISIN: AU000000GVM1                                                          
    Share code on the Australian Stock Exchange Limited: GVM                    
    ISIN: AU000000GVM1                                                          
    ("GVM" or `the Company")                                                    

    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                          GVM Metals Limited                  
    ABN                                     98 088 905 388                      
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        Simon James Farrell                                 
Date of last notice     25 September 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                                      
Direct or indirect interest    Direct                                       
    Nature of indirect interest                                                 
    (including registered holder)                                               
    Note: Provide details of the                                                
circumstances giving rise to                                                
    the relevant interest.                                                      
                                                                                
    Date of change                 5 June 2007                                  
No. of securities held prior   Direct interest                              
    to change                      4,000,000 options                            
                                   exercisable at 50 cents each                 
                                   on or before 30 September                    
2011.                                        
                                                                                
                                   1,815,414 fully paid                         
                                   ordinary shares                              

                                   Indirect interest                            
                                   1,406,377 fully paid                         
                                   ordinary shares.                             
Class                          Options                                      
    Number acquired                5,000,000                                    
    Number disposed                Nil                                          
                                                                                
Value/Consideration            Nil                                          
    Note: If consideration is non-                                              
    cash, provide details and                                                   
    estimated valuation                                                         

    Part 1 - Change of director`s relevant interests in securities (cont`d)     
    No. of securities held after   Direct interest                              
    change                         4,000,000 options                            
exercisable at 50 cents each                 
                                   on or before 30 September                    
                                   2011.                                        
                                                                                
5,000,000 options                            
                                   exercisable at $1.25 each on                 
                                   or before 30 September 2012.                 
                                                                                
1,815,414 fully paid                         
                                   ordinary shares.                             
                                                                                
                                   Indirect interest                            
1,406,377 fully paid                         
                                   ordinary shares.                             
    Nature of change               Issue of options.                            
    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                        
    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                                                       
    6 June 2007                                                                 
    South African Sponsor to GVM                                                
    PricewaterhouseCoopers Corporate Finance (Pty) Limited                      
Date: 06/06/2007 11:53:00 Produced by the JSE SENS Department.                  
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