COKAL LIMITED — Director's Dealing 2010

Sep 15, 2010

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	JEREMY DAVID SHERVINGTON
Date of last notice	1 February 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Controller of Panga Pty Ltdand beneficiary of Drumgaghan Pty Ltd
Date of change	15thSeptember 2010
No. of securities held prior to change	3,951,807 Fully Paid Ordinary Shares878,179 Options Exercisable at 20c eachwith an expiry date of 1 February 20121,000,000 Options Exercisable at 20c eachwith an expiry date of 31 December 2012525,000 Options Exercisable at 10c eachwith an expirydate of8August 2011
Class	Ordinary Shares with attaching options
Number acquired	79,167 Options Exercisable at 20c eachwith an expiry date of 1 February 2012
Number disposed	-

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration $8,834.32 Note: If consideration is non-cash, provide details and estimated valuation

No. of securities held after change 3,951,807 Fully Paid Ordinary Shares 957,346 Options Exercisable at 20c each with an expiry date of 1 February 2012 1,000,000 Options Exercisable at 20c each with an expiry date of 31 December 2012 525,000 Options Exercisable at 10c each with an expiry date of 8 August 2011 Nature of change

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

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.

==> picture [434 x 328] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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