AUREKA LIMITED — Major Shareholding Notification 2011

Apr 7, 2011

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	NAVARRE MINERALS LIMITED
ACN/ARSN	125 140 105

1. Details of substantial holder (1) Name Kautag Pty Ltd ACN/ARSN (if applicable) 127 251 352

The holder became a substantial holder on: 31 March 2011

2. Details of voting power

2. Details of voting power	2. Details of voting power	2. Details of voting power	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 arelevantinterest (3)inonthe date the substantial holderbecame a substantial holderare asfollows:
Class ofsecurities	Numberofsecurities	Person’svotes (5)	Voting power(6)
Fully paid ordinary shares	3,025,000	3,025,000	7.22%

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:

became a substantial holderare asfollows:	became a substantial holderare asfollows:
Holderof relevantinterest		Nature of relevantinterest (7)		Class andnumberofsecurities
Kautag Pty Ltd Ms Katherine Griffin		Registered holder of the shares Registered holder of the shares		2,015,000 Fully paid ordinary shares 1,010,000 Fully paid ordinary shares
4. Details of present registered holders The personsregistered asholders ofthe securitiesreferred toinparagraph			3 above are asfollows:
Holder of relevant interest	Registered holder of securities		Person entitled to be registered as holder(8)		Class and number of securities
Kautag Pty Ltd Ms Katherine Griffin	Kautag Pty Ltd Ms Katherine Griffin		Kautag Pty Ltd Ms Katherine Griffin		2,015,000 Fully paid ordinary shares 1,010,000 Fully paid ordinary shares

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 of acquisition	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
			Cash	Non-cash
Kautag Pty Ltd Ms Katherine Griffin	31/03/11 31/03/11		$87,300 $202,000		2,015,000 Fully paid ordinary shares 1,010,000 Fully paid ordinary shares
6. Associates Thereasons the personsnamedinparagraph3 above are associates ofthe substantial holderare asfollows:
Name and CAN/ARSN(ifapplicable)		Nature ofassociation
MsKatherine Griffin		Wife of Mr Dorward,Directorof KautagPtyLtd

603 page 2/2 15 July 2001

	603 page 2/2 15 July 2001	603 page 2/2 15 July 2001
	7. Addresses
	The addresses of persons named in this form are as follows:
	Name	Address
	KautagPty	Ltd 8078thStreet,WestVancouver,BCV7T 1S1, CANADA
	MsKatherine Griffin 3608W35th Avenue,VANCOUVER,BCV6N2N7, CANADA
	Signature
		print name John Dorward Capacity: Director
		sign here Date. 08 / 04 / 2011
		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 7 of the form.
	(2)	See the definition of "associate" in section 9 of the Corporations Act 2001.
	(3)	See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
	(4)	The voting shares of a company constitute one class unless divided into separate classes.
	(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or
		an associate has a relevant interest in.
(6)		The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)		Include details of:
		(a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.
(8)		If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write
		"unknown".
(9)		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.