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Wed 6 Jun 2007, 11:54 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")                                                        
ANNOUNCEMENT (Released on ASX on 5 June 2007)                                   
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                          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        Richard John Linnell                                    
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 to        Direct interest                          
change                                 2,000,000 options exercisable at         
50 cents each on or before 30             
                                      September 2011.                           
                                                                                
                                      250,000 fully paid ordinary               
shares.                                   
                                                                                
                                      Indirect interest                         
                                      501,550 fully paid ordinary               
shares.                                   
Class                                  Options                                  
Number acquired                        2,000,000                                
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 change    Direct interest                          
                                      2,000,000 options exercisable at          
50 cents each on or before 30             
                                      September 2011.                           
                                                                                
                                      2,000,000 options exercisable at          
$1.25 each on or before 30                
                                      September 2012.                           
                                                                                
                                      250,000 fully paid ordinary               
shares.                                   
                                                                                
                                      Indirect interest                         
                                      501,550 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 11:54:00 Produced by the JSE SENS Department.                  
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