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May 10, 2010
| NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST |
| 1. |
Date of notice to issuer |
06-05-2010 |
| 2. |
Name of Substantial Shareholder |
Meritus Resources Ltd. |
| 3. |
Please tick one or more appropriate box(es): |
| 1. |
Date of change of Interest |
06-05-2010 |
| 2. |
Name of Registered Holder |
Meritus Resources Ltd. |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
# Others |
| |
# Please specify details |
Meritus Resources Ltd. is no longer having any benefit or interest in the mortgage over 136,697,677 shares as described in the Notice of Substantial Shareholder's Interests dated 26/11/2009. Meritus Resources Ltd. is as of this date the legal and beneficial owner of these shares, having acquired the same. |
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
0 |
| As a percentage of issued share capital |
0 % |
| No. of Shares which are subject of this notice |
136,697,677 |
| As a percentage of issued share capital |
11.20 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
0.366 |
| No. of Shares held after the change |
0 |
| As a percentage of issued share capital |
0 % |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
| |
Direct |
Deemed |
| No. of shares held before the change |
0 |
0 |
| As a percentage of issued share capital |
0 % |
0 % |
| No. of shares held after the change |
136,697,677 |
0 |
| As a percentage of issued share capital |
11.20 % |
0 % |
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