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Thu 7 Jun 2007, 14:30 GVM - GVM - Initial Director`s Interest Notice
GVM
 GVGVM                                                                           
GVM - GVM - Initial 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")                                                        
(Announcements released on ASX today, 7 June 2007)                              
Rule 3.19A.1                                                                    
Appendix 3X                                                                     
Initial 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 Golden Valley Mines Limited                                      
ABN       98 088 905 388                                                        
We (the entity) give ASX the following information under listing rule           
3.19A.1 and as agent for the director for the purposes of section 205G of       
the Corporations Act.                                                           
Name of Director        Nonqkubela Noloyiso Mazwai                              
Date of appointment     7 June 2007                                             
Part 1 - Director`s relevant interests in securities of which the director      
is the registered holder                                                        
In the case of a trust, this includes interests in the trust made available     
by the responsible entity of the trust                                          
Number & class of securities                                                    
5,578,925 fully paid ordinary shares.                                           
Part 2 - Director`s relevant interests in securities of which the director      
is not the registered holder                                                    
In the case of a trust, this includes interests in the trust made available     
by the responsible entity of the trust                                          
Name of holder &        Number & class of Securities                            
nature of interest                                                              
Note: Provide details                                                           
of the circumstances    20,920,970 fully paid ordinary                          
giving rise to the      shares.                                                 
relevant interest.                                                              
                       4,250,000 options exercisable                            
Motjoli Resources       at 50 cents each on or before                           
(Proprietary) Limited   20 September 2011.                                      

Nonqkubela Noloyiso                                                             
Mazwai is a director                                                            
and shareholder in                                                              
Motjoli Resources                                                               
(Proprietary) Limited                                                           
Part 3 - Director`s interests in contracts                                      
Detail of contract      N/A                                                     
Nature of interest      N/A                                                     
Name of registered      N/A                                                     
holder                                                                          
(if issued securities)                                                          
No. and class of        N/A                                                     
securities to which                                                             
interest relates                                                                
Rule 3.19A.1                                                                    
Appendix 3X                                                                     
Initial 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 Golden Valley Mines Limited                                      
ABN       98 088 905 388                                                        
We (the entity) give ASX the following information under listing rule           
3.19A.1 and as agent for the director for the purposes of section 205G of       
the Corporations Act.                                                           
Name of Director        Nchaka Darius Moloi                                     
Date of appointment     7 June 2007                                             
Part 1 - Director`s relevant interests in securities of which the director      
is the registered holder                                                        
In the case of a trust, this includes interests in the trust made available     
by the responsible entity of the trust                                          
Number & class of securities                                                    
8,368,388 fully paid ordinary shares.                                           
Part 2 - Director`s relevant interests in securities of which the director      
is not the registered holder                                                    
In the case of a trust, this includes interests in the trust made available     
by the responsible entity of the trust                                          
Name of holder &        Number & class of Securities                            
nature of interest                                                              
Note: Provide details                                                           
of the circumstances    20,920,970 fully paid ordinary                          
giving rise to the      shares.                                                 
relevant interest.                                                              
                       4,250,000 options exercisable                            
Motjoli Resources       at 50 cents each on or before                           
(Proprietary) Limited   20 September 2011.                                      

Nchaka Darius Moloi is                                                          
a director and                                                                  
shareholder in Motjoli                                                          
Resources                                                                       
(Proprietary) Limited                                                           
Part 3 - Director`s interests in contracts                                      
Detail of contract      N/A                                                     
Nature of interest      N/A                                                     
Name of registered      N/A                                                     
holder                                                                          
(if issued securities)                                                          
No. and class of        N/A                                                     
securities to which                                                             
interest relates                                                                
7 June 2007                                                                     
South African Sponsor to GVM                                                    
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 07/06/2007 14:30:57 Produced by the JSE SENS Department.                  
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