ALARA RESOURCES LIMITED — Major Shareholding Notification 2011

Jun 20, 2011

20110621 QUE and OEQ ASIC Form 605 Notice of Ceasing to be a Substantial Holder in AUQ

Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder

To Company Name/Scheme

ALARA RESOURCES LIMITED (AUQ) 27 122 892 719

ACN/ARSN

(1)

1. Details of substantial holder

ACN / ABN

Name ACN / ABN ORION EQUITIES LIMITED ( OEQ ) ABN 77 000 742 843 QUESTE COMMUNICATIONS LTD ( QUE ) ABN 58 081 688 164

There was a change in the interests of the substantial holders on: 17 June 2011 The previous notice was given to the company on: 29 December 2010 The previous notice was dated: 29 December 2010

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Date of	Person whose	Nature of change	(4)	Consideration given	Class(6) and	Person’s
change	relevant interestchanged			in relation to change(5)	number ofsecurities affected	votes affected
17 June	The parties named	On-market sale by
2011	in (1)	OEQ		$315,000	(1,000,000)	(1,000,000)
		Issue of shares to
2 June	The parties named	BEL under a share
2011	in (1)	placement		$720,000	2,000,000	2,000,000
		Issue of shares to
20 April	The parties named	BEL under a share
2011	in (1)	placement		$720,000	2,000,000	2,000,000

Notes:

(a) QUE is taken under section 608(3)(b) of the Corporations Act to have a relevant interest in AUQ securities in which OEQ has a relevant interest by reason of having control of OEQ; and

(b) OEQ is taken under section 608(3)(a) of the Corporations Act to have a relevant interest in the AUQ securities in which BEL has a relevant interest by reason of having a >20% voting power in BEL.

3. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN/ARSN (if applicable) Nature of association N/A N/A

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20110621 QUE and OEQ ASIC Form 605 Notice of Ceasing to be a Substantial Holder in AUQ

4. Addresses

The addresses of persons named in this form are as follows:

. Addresseshe addresses of persons named in this form are as follows:
Name	Address
ORION EQUITIES LIMITED ABN 77 000 742 843(OEQ)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth,Western Australia 6000
QUESTE COMMUNICATIONS LTD ABN 58 081688 164 (QUE)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth,Western Australia 6000
BENTLEY CAPITAL LIMITED ABN 27 87 008 108218 (BEL)	Suite 202, Angela House, 30-36 Bay Street, Double Bay, NewSouth Wales 2028

Signature

sign here Date 21 June 2011 print name VICTOR HO capacity Company Secretary of OEQ sign here date 21 June 2011 print name VICTOR HO capacity Company Secretary of QUE

Date 21 June 2011 capacity Company Secretary of OEQ

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (4) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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