COKAL LIMITED — Director's Dealing 2008

Jan 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 LIMITED
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	HARJINDER SINGH KEHAL
Date of last notice	08/08/2006

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 or indirect interest	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Reduction in capital of the Company inaccordance with the Resolution approved at ameeting of members of the Company held on26 November 2007 and acquisition bySandaur Holdings Pty Ltd atf SandaurSuperannunation Fund (of which Mr Kehal isa director and controls 50% of the votingrights) of 100,000 fully paid ordinary sharespursuant to the Prospectus dated 30 October2007 and acquisition by Sandaur HoldingsPty Ltd atf Kehal Family Trust (of which MrKehal is a director and controls 50% of thevoting rights) of 1 million options pursuant toshareholder approval at meeting held on 26November 2007
			26San
			Supa di
			righpurs200PtyKeh
			voti
	Date of change		14 December 2007
	No. of securities held prior to change		6,642,137 fully paid ordinary shares13,125,000 options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	100,000 new fully paid ordinary shares
	1,000,000 options exercisable at 20 cents
	each with an expiry date of 31 December
	2012
Number disposed	Nil
Value/Consideration	Shares all at 20 cents per share
Note: If consideration is non-cash, provide details and estimatedvaluation	Options - nil
No. of securities held after change
	365,686 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
Nature of change	Reduction in capital of the Company in
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	accordance with the Resolution approved at ameeting of members of the Company held on
	26 November 2007 and acquisition by
	Sandaur Holdings Pty Ltd atf Sandaur
	Superannunation Fund of 100,000 fully paid
	ordinary shares pursuant to the Prospectus
	dated 30 October 2007 and acquisition by
	Sandaur Holdings Pty Ltd atf Kehal Family
	Trust of 1 million options pursuant to
	shareholder approval at meeting held on 26
	November 2007

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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• See chapter 19 for defined terms.

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