CATALINA RESOURCES LTD — Board/Management Information 2018

Jun 24, 2018

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SHREE MINERALS LTD

25[th ] June 2018

The Manager Companies Company Announcements Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir

Board Changes

Shree Minerals ("Shree" & / or the "Company") advises that it has accepted the request for resignation by Mr.Rajesh Bothra as a Director and NonExecutive Chairman, effective immediately as he needs to step down as an office bearer from Shree Minerals as he has been invited as Director of an regulated entity. He has accepted the Board’s request to continue to provide guidance & will be a regular invitee as an advisor to the Board.

Director Remuneration Changes

To preserve cash, the Directors remuneration has been voluntarily partially suspended for last few years. As the Nelson Bay River Iron ore project continues on Care & Maintenance & resumption of mining remains uncertain, the Directors have voluntarily agreed for additional suspensions

The undrawn amount of remuneration has been accrued each month as a liability, as per the details in published financial reports. The Directors have agreed to waive any further accruals effective 1st January 2018 so that the Company’s total liability on this account does not increase.

About Shree Minerals

Shree Minerals Limited is engaged in mining and production of iron ore & dense media magnetite at its Nelson Bay River Iron Project in the North West Tasmania.

Yours sincerely

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Sanjay Loyalka Director & Company Secretary

SHREE MINERALS LTD, ACN 130618683 Unit 38, 18 Stirling Highway , Nedlands, WA6009 Phone: + 61 (08) 61507565, FAX: +61 (08)93891199 www.shreeminerals.com