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Appendix 3Y

9th Mar 2010 07:00

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 asavailable. Information and documents given to ASX become ASX's property and maybe made public.Introduced 30/9/2001.Name of entity OILEX LTD ABN 50 078 652 632 We (the entity) give ASX the following information under listing rule 3.19A.2and as agent for the director for the purposes of section 205G of theCorporations Act.Name of Director Ronald Lawrence Miller Date of last notice 07/12/2009

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) ofthe definition of "notifiable interest of a director" should be disclosed inthis part.Direct or indirect interest Indirect Nature of indirect interest (A) Miramar Superannuation Pty Ltd (Indirect) (including registered holder) (B) Miramar Superannuation Fund Pty Ltd Note: Provide details of the (Indirect) circumstances giving rise to the relevant interest. (C) Miller Family Trust (Indirect) (D) Ematvil Pty Ltd as trustee for the Miller Family Trust (Indirect) Date of change 03/03/10 No. of securities held prior (A) 700,000 Ordinary Shares to change (B) 1,560,000 Ordinary Shares (C) 164,436 Ordinary Shares (D) 750,000 $0.30 options expiry 01/07/14 Class Ordinary Shares Number acquired 100,000 (Indirect) Number disposed Nil Value/Consideration AUD$8,900 Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after (A) 700,000 Ordinary Shares change (B) 1,560,000 Ordinary Shares (C) 264,436 Ordinary Shares (D) 750,000 $0.30 options expiry 01/07/14 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) ofthe definition of "notifiable interest of a director" should be disclosed inthis 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 9 March 2010

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