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	BRADLEY GORDON JOHN ABBOTT
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	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 by PippinNominees Pty Ltd atf The Abbott FamilyTrust (of which Mr Abbott is a director andcontrols 50% of the voting rights) of 100,000fully paid ordinary shares pursuant to theProspectus dated 30 October 2007 andacquisition by Pippin Nominees Pty Ltd atfThe Abbott Family Trust (of which MrAbbott is a director and controls 50% of thevoting rights) of 1 million options pursuant toshareholder approval at meeting held on 26November 2007
Date of change	14 December 2007
No. of securities held prior to change	6,642,140 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 shares1,000,000 new options exercisable at 20cents each with an expiry date of 31December 2012
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Shares all at 20 cents per shareOptions - nil
No. of securities held after change	365,686 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 expiry date of 8 August 2011
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Reduction in capital of the Company inaccordance with the Resolution approved at ameeting of members of the Company held on26 November 2007 and acquisition by PippinNominees Pty Ltd atf The Abbott FamilyTrust of 100,000 fully paid ordinary sharespursuant to the Prospectus dated 30 October2007 and acquisition by Pippin NomineesPty Ltd atf The Abbott Family Trust of 1million options pursuant to shareholderapproval at meeting held on 26 November2007

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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