CATALINA RESOURCES LTD — Director's Dealing 2011

Jan 20, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/9/2001.

Name of entity SHREE MINERALS LIMITED ABN 74 130 618 683

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	MAHENDRA PAL
Date of last notice	26.02.2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	DIRECT AND INDIRECT- See Annexure A
Nature of indirect interest	See Annexure A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	21.01.11
No. of securities held prior to change	See Annexure A
Class	Fully paid Ordinary Shares
Number acquired	300,000
Number disposed	Nil
Value/Consideration	Issued as per AGM resolution for nil
Note: If consideration is non-cash, provide details and estimated valuation	consideration with estimated current market
	value.
No. of securities held after change	See Annexure A
Nature of change	New issue of shares
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	Change of director’s interests iase of a company, interests which come within paragraph (	Change of director’s interests iase of a company, interests which come within paragraph (	n contractsii) of the definition of “notifiable
				interest of a director” sho	uld be
	is part.
Detail	of contract	N/A
Nature of interest	of interest	N/A
Name of registered holder(if issued securities)		N/A
Date of change		N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed		N/A
Interest acquired		N/A
Interest disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation		N/A
Interest after change		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

ANNEXURE A

Prior Holdings

No	Particulars	Direct/Indirect	Number ofSecurities	Security Type
1	Mahendra Pal	Direct	1,000,000	Options exercisable at$0.20 each on or before31 October 2012classified as restrictedsecurities and held inescrow until 18February 2012

Post Holdings

No	Particulars	Direct/Indirect	Number ofSecurities	Security Type
1	Mahendra Pal	Direct	1,000,000	Options exercisable at$0.20 each on or before31 October 2012classified as restrictedsecurities and held inescrow until 18February 2012
2	Mahendra Pal	Direct	150,000	FullyPaidOrdinaryShares
3	Rekha Pal (MrMahendraPal’swife)	Indirect	150,000	FullyPaidOrdinaryShares

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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