CATALINA RESOURCES LTD — Capital/Financing Update 2011

Dec 14, 2011

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, Application for quotation of additional securities And agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Shree Minerals Limited

ABN

74 130 618 683

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• $\mathbf{1}$ ⁺Class of ⁺securities issued or to be issued
• A. Share Performance Rights
• B. Fully Paid Ordinary Shares
• C. Options
• Number of ⁺securities issued or $\overline{2}$ to be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities 3 (eg, if options, exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates for if ⁺convertible payment; securities, the conversion price and dates for conversion)
• A. 1,000,000 Share Performance Rights B. 887,500 Fully Paid Ordinary Shares
• C. 4,000,000 Options
• A. Share Performance Rights issued as per the approval received by the members in the Annual General Meeting.
• B. Fully Paid Ordinary Shares.
• C. Options :

Exercise price: \$0.20 per option Vesting Date:24/11/2011 Expiry Date: 31/10/2012

⁺ See chapter 19 for defined terms.

$\overline{4}$	Do the + securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do the extent to which they for the participate next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do ۰ not rank equally, other than relation to the next in dividend, distribution or interest payment
5	Issue price or consideration	Nil
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	For services rendered
7	Dates of entering + securities into uncertificated holdings or despatch of certificates	15/12/2011
8	Number and + class of all quoted on ASX + securities (including the securities in clause 2 if applicable)	Number 31,947,500	+ Class Fully Paid Ordinary Shares
		31,947,500

⁺ See chapter 19 for defined terms.

	Number	+ Class
Number and + class of all
*securities not quoted on ASX (including the securities in clause 2 if applicable)	64,000,000	Fully Paid Ordinary Shares classified as restricted securities and held in escrow till 18 February 2012.
	9,000,000	Options exercisable at \$ 0.20 each on or before 31 October 2012 classified as restricted securities and held in escrow until 18 February 2012.
	250,000	Options exercisable at \$ 0.20 each on or before 12 February 2013 classified as restricted securities and held in escrow until 18 February 2012.
	500,000	Options exercisable at \$ 0.20 each on or before 31 October 2012.
	1,000,000	Share Performance Rights
	4,000,000	Options exercisable at \$ 0.20 per option vesting on 24/11/2011 and expiring on 31/10/2012

Dividend policy (in the case of a $10\,$ trust, distribution policy) on the increased capital (interests)

The Company does not expect to pay a dividend during this period

Part 2 - Bonus issue or pro rata issue

⁺ See chapter 19 for defined terms.

Appendix 3B
New issue announcement

11	security holder approval Is required?	N/A
12	Is the issue renounceable or non- renounceable?	N/A
13	Ratio in which the + securities will be offered	N/A
14	+ Class of + securities to which the offer relates	N/A
15	determine +Record date to entitlements	N/A
16	different holdings Will on (or subregisters) be registers calculating aggregated for entitlements?	N/A
17	Policy for deciding entitlements in relation to fractions	N/A
18	Names of countries in which the entity has + security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	N/A
19	date for receipt of $N/A$ Closing
20	acceptances or renunciations Names of any underwriters	N/A
21	Amount of any underwriting fee or commission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the broker to the issue	N/A

⁺ See chapter 19 for defined terms.

24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of + security holders	N/A
25	If the issue is contingent on *security holders' approval, the date of the meeting	N/A
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled	N/A
27	If the entity has issued options, and the terms entitle option participate holders to on exercise, the date on which notices will be sent to option holders	N/A
28	Date rights trading will begin (if applicable)	N/A
29	Date rights trading will end (if applicable)	N/A
30	How do + security holders sell their entitlements in full through a broker?	N/A
31	How do + security holders sell part of their entitlements through a broker and accept for the balance?	N/A
3 2	How do + security holders dispose of their entitlements (except by sale through a broker)?	N/A
33	+ Despatch date	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35	If the 'securities are 'equity securities, the names of the 20 largest holders of the additional securities, and the number and percentage of additional securities held by those holders
36	If the securities are equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000 100,001 and over -

A copy of any trust deed for the additional +securities 37

Entities that have ticked box 34(b)

• Number of securities for which 38 ⁺quotation is sought
• Class of ⁺securities for whi 39 quotation is sought

	这个人的人都不能不能不能不能不能不能不能不能不能不能不能不能不能不能不能不能不能 。

⁺ See chapter 19 for defined terms.

Do the ⁺securities rank equally in 40 all respects from the date of allotment with an existing ⁺class of quoted +securities?

If the additional securities do not rank equally, please state:

• $\bullet$
• the extent to which they $\bullet$ participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend, distribution $_{\rm O}r$ interest payment
• Reason for request for quotation 41 now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and ⁺class of all $4²$ $+$ securities quoted on ASX (including the securities in clause $38)$

Number	+ Class

the date from which they do

⁺ See chapter 19 for defined terms.

$\widetilde{\Psi}$

Quotation agreement

• *Quotation of our additional *securities is in ASX's absolute discretion. ASX $\mathbf 1$ may quote the ⁺securities on any conditions it decides.
• We warrant the following to ASX. $\overline{2}$
• The issue of the 'securities to be quoted complies with the law and is $\bullet$ not for an illegal purpose.
• There is no reason why those *securities should not be granted +quotation.
• An offer of the 'securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{\mathbf{3}}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before ⁺quotation of the ⁺securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

$\int_{\mathbb{R}^2} \frac{1}{\sqrt{2\pi}} \frac{1}{\sqrt{2\pi}} \exp\left{\frac{1}{2} \left( \frac{1}{2} \right) \right}$ (Director/Company secretary)

Sign here:

Print name: Sanjay Loyalka

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Appendix 3B Page 8

⁺ See chapter 19 for defined terms.