COKAL LIMITED — Director's Dealing 2008

Sep 7, 2008

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 ALTERA RESOURCES LTD ABN 55 082 541 437

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	JEREMY DAVID SHERVINGTON
Date of last notice	02 September 2008

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Controller of Panga Pty Ltd
Date of change	05 September 2008
No. of securities held prior to change	1,765,418 fully paid ordinary shares1,000,000 options exercisable at 20 centsEach with an expiry date of 31 December2012525,000 options exercisable at 10 cents eachwith an expirydate of8August 2011
Class	Ordinary
Number acquired	350,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$70,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

2,115,418 fully paid ordinary shares 1,000,000 options exercisable at 20 cents Each with an expiry date of 31 December 2012 525,000 options exercisable at 10 cents each with an expiry date of 8 August 2011 Off Market

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.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002