CATALINA RESOURCES LTD — Capital/Financing Update 2018

Oct 14, 2018

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SHREE MINERALS LTD

15th October 2018

Dear Shareholder

Shree Minerals Limited – pro rata non-renounceable rights issue

As announced on 4 October 2018 Shree Minerals Limited (ACN 130 618 683) ( SHH or the Company ) is undertaking a 1 for 1 pro rata non-renounceable rights issue ( Rights Issue or Offer ) of approximately 284,368,446 fully paid ordinary shares ( New Shares ) to raise approximately $1,421,842. The price of New Shares under the Offer is $0.005 each. The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC on 12 October 2018 and ASX on 15 October 2018.

The Offer is fully underwritten by DJ Carmichael Pty Limited ( Underwriter ). DJ Carmichael Pty Limited will also act as lead manager to the Offer. The Company must pay the Underwriter a fee of 6% (plus GST) of the total amount raised and/or underwritten pursuant to the Offer. The Company must also reimburse the Underwriter for costs incidental to the Offer.

The proceeds of the Offer will be used for funding the Nelson Bay River Iron project, exploration and new opportunities evaluation, including the Golden Chimney project and Karramindie Gold project, and working capital.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00 pm WST on 18 October 2018, whose registered address is in Australia, New Zealand, Singapore or the People’s Republic of China in accordance with the Prospectus.

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 284,368,446 New Shares resulting in total Shares on issue of approximately 568,736,892.

Ineligible Shareholders

A Shareholder who has a registered address outside Australia, New Zealand, Singapore or the People’s Republic of China ( 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, New Zealand, Singapore and the People’s Republic of China compared with the small number of Ineligible Shareholders and the number and value of New Shares to which they would otherwise be entitled.

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

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SHREE MINERALS LTD

If you have any queries concerning the Rights Issue, please contact your financial adviser or Sanjay Loyalka, SHH’s Company Secretary, on +61 8 6150 7565. Yours sincerely

Yours sincerely

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Sanjay Loyalka Director and 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