ANDROMEDA METALS LIMITED — Major Shareholding Notification 2012

Nov 7, 2012

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ADELAIDE RESOURCES LIMITED ACN/ARSN ACN 061 503 375

1. Details of substantial holder (1)

Name MLB HOLDINGS PTY LIMITED ACN/ARSN (if applicable) ACN 128 965 837

The holder became a substantial holder 5 NOVEMBER 2012 on

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number ofsecurities	Person’svotes(5)	Voting power (6)
Fully paid ordinary shares	11,500,000	11,500,000	6.10%*

• based on 188,359,829 fully paid ordinary shares (as at the date of this notice).

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

ame a substantial holder are as follows:
Holder of relevant interest	Margarita Liliana Beker
Nature of relevant interest (7)	Power to control votes and/or disposal of securities
Class and number of securities	11,500,000 fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to beregistered as holder (8)	Class and number ofsecurities
Margarita Liliana Beker	MLB Holdings Pty Limited	MLB Holdings PtyLimited	11,500,000 ordinaryshares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date ofacquisition	Consideration (9)	Consideration (9)	Class and number ofsecurities
		Cash	Non-Cash
Margarita Liliana Beker	5/11/2012	$517,500		11,500,000 ordinaryshares

6. Associates

1