CATALINA RESOURCES LTD — Capital/Financing Update 2014

Jan 14, 2014

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SHREE MINERALS LIMITED

15[th] January 2014

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

MARKET UPDATE – FIRST SHIPMENT FROM NELSON BAY RIVER IRON PROJECT

Shree Minerals Ltd (ASX code: SHH) (“the Company”) is pleased to advise the current status of its Nelson Bay River (NBR) Iron Project.

Following the installation of requisite infrastructure & all necessary contractual arrangements to produce DSO Iron Ore (Direct ship Iron Ore) & transportation of the product for storage &loading at port, there is appx. 41,000 tonnes of product at Burnie port besides appx. 15,000 tonnes of product at mine site.

Loading of the first ship M/V "LIVANITA" with DSO iron ore for 42,000 tonnes +/10% (appx. 60% iron ore lump , appx. 40% iron ore fines) is expected with current ETA of ship at Burnie Port 25[th] /26[th] January 2014.

We are proud to have achieved the development of NBR from discovery to production at benchmark capital costs & time. It reinforces our core value of “Passion” to build a platform for growth .Shree would like to acknowledge that its success is due to a dedicated team & contractors, with the support of the local North West Tasmania community.

Yours sincerely

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Sanjay Loyalka Chairman

SHREE MINERALS LTD, ACN 130618683 Unit 4, The Pines Business Centre, 86-88 Forrest Street, Cottesloe, WA6011 Phone: + 61 (08) 61612068; 92861509, FAX: +61 (08) 93855194 www.shreeminerals.com