CATALINA RESOURCES LTD — Capital/Financing Update 2014

Aug 11, 2014

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SHREE MINERALS LTD

12[th] August 2014

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

Letter to Shareholders

Please find attached in Annexure A , a copy of the letter which has been sent to Shareholders eligible to participate in the Company’s current rights .

Please also find attached in Annexure B , a copy of the letter which has been sent to Shareholders ineligible to participate in the Company’s current rights .

ABOUT THE NBR PROJECT

The NBR Project area is located about 6 km North East of the town of Temma and about 70 km South West of Smithton, in North West Tasmania. The tenements contain a series of NW striking, strong amplitude magnetic anomalies. The iron mineralisation at NBR is hosted by a 10 to 28 metres wide mafic dyke, which crosses cuts the country rocks and increases in width with depth. Within this dyke is a magnetite-rich section and oxidation of the magnetite has generated goethite-hematite mineralisation to varying depths. NBR project has a JORC compliant global Iron resource of 11.3 Mts including goethitic-hematite resource of 1.4 Mts and magnetite resource of 7.8 Mts. The NBR project is being developed in a phased philosophy with the initial plan to mine the goethitic-hematite resource to export Iron Ore over the first couple of years at low capital expenditure to be followed by the magnetite resource to produce Dense Media Magnetite (DMM) used for Coal Washery. Studies to-date have reflected a stable market & pricing for DMM as an industrial mineral in Eastern Seaboard of Australia with domestic production not being adequate to meet demand resorting to imports , thereby conforming the long-term value potential of the NBR project.

Yours sincerely

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Sanjay Loyalka Chairman

SHREE MINERALS LTD, ACN 130618683 Unit 2, The Pines Business Centre, 88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com

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SHREE MINERALS LTD

The data in this report that relates to Exploration Results and Mineral Resource Estimates is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Tear is a Director of H&S Consultants Pty Ltd and he consents to the inclusion in the report of the Mineral Resource in the form and context in which they appear.

SHREE MINERALS LTD, ACN 130618683 Unit 2, The Pines Business Centre, 88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com

12 August 2014

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SHREE MINERALS LTD

Annexure A

Dear Shareholder

Shree Minerals Limited – pro-rata non-renounceable rights issue

As announced on 8 August 2014 Shree Minerals Limited (ACN (130 618 683)) ( SHH or Company ) is undertaking a 1 for 6 pro rata non-renounceable rights issue ( Rights Issue or Offer ) of approximately 20,293,334 fully paid ordinary shares ( New Share ) to raise approximately $1,623,467. The price of New Shares under the Offer is $0.08 each. The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 8 August 2014.

The Offer is fully underwritten by China Alliance International Holdings Group Ltd, RB Investments Pte Ltd, IACG Pty Ltd and Megawild Enterprises Pty Ltd (each an Underwriter ). The Company must pay each Underwriter an underwriting fee of 5% of the total amount underwritten by each Underwriter.

The funds raised pursuant to the Offer are intended to be used by the Company for general working capital purposes, in particular, for the purpose of meeting ongoing trade creditors including production costs, payments of trade & other payables, corporate administration and operating costs and may be applied to directors’ fees, ASX and share registry fees, legal, tax and audit fees, insurance and travel costs while the Company is not receiving any income from the sale of its iron ore inventory currently held.

The Offer is being made to all shareholders of the Company ( Eligible Shareholders ) named on its register of members at 7.00 pm (WST) on 15 August 2014, whose registered address is in Australia or New Zealand.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued approximately 20,293,334 New Shares resulting in total Shares on issue of approximately 142,053,334.

A copy of the Prospectus is available on ASX’s and the Company’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 20 August 2014. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.

For the purposes of calculating each Eligible Shareholders’ entitlement, fractions of entitlements have been rounded up to the nearest whole number of New Shares.

Actions required of Eligible Shareholders

There are a number of actions Eligible Shareholders may take:

• You may wish to accept all of your rights to subscribe for New Shares pursuant to the Prospectus ( Entitlement ). To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Boardroom Pty Ltd ( Share Registry ) by no later than 5.00pm (WST) on 29 August 2014, by completing and returning your Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the amount indicated on the Entitlement and Acceptance Form or by making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form (at $0.08 per New Share). If you are paying by BPAY you will need to ensure you payment is received by the Company by 4.00pm (WST) on 29 August 2014.

SHREE MINERALS LTD, ACN 130618683 Unit 2, The Pines Business Centre, 88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com

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SHREE MINERALS LTD

You may wish to accept part of your Entitlement. To take up part of your Entitlement you will need to ensure your application money for the Entitlements you wish to take up is received by the Share Registry by no later than 5pm (WST) on 29 August 2014, by completing and returning your Entitlement and Acceptance Form by filling in the number of New Shares you wish to accept in the space provided on the Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the appropriate application monies or by making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form (at $0.08 per New Share). If you are paying by BPAY you will need to ensure you payment is received by the Company by 4.00pm (WST) on 29 August 2014.

• You may do nothing. If you choose to do nothing with your Entitlements, while you will continue to hold the same number of Shares, your interest in the Company will be diluted and you will receive no value for your Entitlement.

Key dates for the Offer

Event	Proposed Date
Prospectus and Appendix 3B lodged with ASX	8 August 2014
Notice of Rights Issue sent to Shareholders	12 August 2014
Existing Shares quoted on an ‘ex’ basis	13 August 2014
Record date for determining Entitlements	15 August 2014
Prospectus sent out to Eligible Shareholders and Company announces this has been completed	20 August 2014
Last day for Company to extend Closing Date	26 August 2014
Closing Date	29 August 2014
Shares quoted on a deferred settlement basis	1 September 2014
Notification of under-subscriptions to ASX (if any)	3 September 2014
Issue date / New Shares entered into Eligible Shareholders’ security holdings	5 September 2014
Quotation of New Shares issued under the Offer	8 September 2014

If you have any queries concerning the Rights Issue, or the action you are required to take to subscribe for New Shares, please contact your financial adviser or Sanjay Loyalka, SHH’s Company Secretary, on +61 8 9286 1509.

Yours sincerely

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Sanjay Loyalka

Executive Chairman

SHREE MINERALS LTD, ACN 130618683 Unit 2, The Pines Business Centre, 88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com

12 August 2014

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SHREE MINERALS LTD

Annexure B

Dear Shareholder

Shree Minerals Limited – pro-rata non-renounceable rights issue

As announced on 8 August 2014 Shree Minerals Limited (ACN (130 618 683)) ( SHH or Company ) is undertaking a 1 for 6 pro rata non-renounceable rights issue ( Rights Issue or Offer ) of approximately 20,293,334 fully paid ordinary shares ( New Share ) to raise approximately $1,623,467. The price of New Shares under the Offer is $0.08 each ( Issue Price ). The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 8 August 2014.

The Offer is fully underwritten by China Alliance International Holdings Group Ltd, RB Investments Pte Ltd, IACG Pty Ltd and Megawild Enterprises Pty Ltd (each an Underwriter ). The Company must pay each Underwriter an underwriting fee of 5% of the total amount underwritten by each Underwriter.

The funds raised pursuant to the Offer are intended to be used by the Company for general working capital purposes, in particular, for the purpose of meeting ongoing trade creditors including production costs, payments of trade & other payables, corporate administration and operating costs and may be applied to directors’ fees, ASX and share registry fees, legal, tax and audit fees, insurance and travel costs while the Company is not receiving any income from the sale of its iron ore inventory currently held.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at on 7.00 (WST) on 15 August 2014, whose registered address is in Australia or New Zealand.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued approximately 20,293,334 New Shares resulting in total Shares on issue of approximately 142,053,334.

Ineligible Shareholders

A Shareholder who has a registered address outside Australia and New Zealand ( Ineligible Shareholder ) will not be eligible to participate in the Offer.

You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions outside of Australia and New Zealand compared with the small number of Ineligible Shareholders and the number and value of New Shares to which they would otherwise be entitled.

If you have any queries concerning the Rights Issue, please contact your financial adviser or Sanjay Loyalka, SHH’s Company Secretary, on +61 8 9286 1509.

Yours sincerely

Sanjay Loyalka Executive Chairman

SHREE MINERALS LTD, ACN 130618683 Unit 2, The Pines Business Centre, 88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com