CONNECTED MINERALS LIMITED — Major Shareholding Notification 2011

Jul 25, 2011

ATANASKOVIC HARTNELL

LAWYERS - CORPORATE, FINANCE & TAXATION

Our reference: 5459 Partner responsible: Jeremy Kriewaldt Writer's direct line: +61(2) 9777 7000 Writer's e-mail address: jmk@ah.com.au Atanaskovic Hartnell House 75-85 Elizabeth Street Sydney NSW 2000 Australia

Phone: +61(2) 9777 7000 Fax: +61(2) 9777 8777 Website: www.ah.com.au

FACSIMILE TRANSMISSION

To:	Company Announcements Platform FROM: Atanaskovic Hartnell
$\mathbf{F} \mathbf{A} \mathbf{X}$ :	1300 135 638	DATE: $26$ July $2011$

PAGES: 6 (including this one)

This document and any following pages are intended solely for the named addressee, are confidential and may contain legally privileged information. The copying or distribution of them or any information they contain, by anyone other than the addressee, is prohibited. If you have received this document in error, please let us know by telephone, and then return it by mail to the address above.

Dear Sir

Notice of change in substantial holder and Notice of ceasing to be a substantial holder -Acclaim Exploration N.L.

We act for AGS Capital, LLC.

Please see attached notice of change in substantial holder along with notice of ceasing to be a substantial holder, given on behalf of AGS Capital, LLC with respect to Acclaim Exploration N.L.

Yours faithfully ATANASKOVIC HARTNELL

INSTRUCTOR IN A DESCRIPTION AND SERVICE OF A DESCRIPTION OF A DESCRIPTION OF A DESCRIPTION OF A DESCRIPTION OF

al censes sovie the hell

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

ΙQ. Company Name/Scheme	Acclaim Exploration NL
ACN/ARSN	009 076 233
1. Details of substantial holder (1)
Name	AGS Capital Group, LLC
ACN	N/A
There was a change in the interests of the substantial holder on	16 June 2011
The previous notice was given to the company on	7 July 2011
The previous notice was dated	7 July 2011

1. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or
an associate (2) had a relevant interest (3) in when last required, and when now r company or scheme, are as follows:

Class of securities (4)	-- Previous notice		The Company of the Association Present notice
	Person's votes ----	Voting power (5)	Person's votes	Voting power (5) ---------
Ordinary Shares	104.166.666 .	6.02%	89.666.666	5.01.1%

3. Changes in relevant interests

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Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities
of the company or scheme, since the substantial holder was last required to give are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
10 June 2011	AGS Capital Group, LLC. Allen Silberstein	Disposal of shares	\$0.003 per ordinary share	500,000 ordinary shares	AGS Capital Group, LLC
14 June 2011	AGS Capital Group. LLC. Allen Silberstein	Disposal of shares	\$0.003 per ordinary share	3.000.000 ordinary shares	AGS Capital Group, LLC
15 June 2011	AGS Capital Group. LLC. Allen Silberstein	Disposal of shares	\$0.005 per ordinary share	5,000,000 ordinary shares	AGS Capital Group
16 June 2011	AGS Capital Group. LLC Alien Silberstein	Disposal of shares	\$0.003 per ordinary share	6,000,000 ordinary shares	AGS Capital Group

4. Present relevant interests

1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911 - 1911

Perficulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
AGS Capital Group, LLC	AGS Capital Group, ПΟ	AGS Capital Group. шc	Section 608(1)(a) of the Corporations Act as holder of the shares issued.	89,666,666 ordinary shares	89.666.666
Allen Silberstein	AGS Capital Group. ШC	AGS Capital Group. ШC.	Section 608(3)(b) of the Corporations Act as holder of the shares issued.	89,666,666 ordinary shares	89,666,666

ATANASKOVIC HARTNELL

	5. Changes in association
		The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:
	Name and ACN/ARSN (if applicable)	Nature of association
	N/A	N/A
	6. Addresses
	The addresses of persons named in this form are as follows:
	Name	Address .
	AGS Capital Group, LLC	48 Wall Street, 11th Floor, New York, NY 10005
	Allen Silberstein	48 Wall Street, 11 th Floor, New York, NY 10005
Signature
	print name _Allen Silberstein	capacity Chief Investment Officer
	sign here	Ao July 2011 date
		DIRECTIONS
(1)		If there are a number of substantial holders with almilar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included to an annexure to the form. If the relevant interests of a group of persons are essentially similar.
	is clearly set out in paragraph 6 of the form.	they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
$^{(2)}$	See the definition of 'associate' in section 9 of the Corporations Act 2001.
(3)		See the definition of 'relevant interest' in sections 608 and 671B(7) of the Corporations Act 2001.
(4)		The voling shares of a company constitute one class unless divided into separate classes.
(5)		The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(G)	Include details of:
	(a)	any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a
		copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, acherne or arrangement, must accompany this form, together with a written statement certifying this contract, acherne or
	arrangement, and (b)	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of
		the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
		See the definition of 'relevant agreement' in section 9 of the Corporations Act 2001.
(7)		Details of the consideration must include any and at benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a
	are not paid directly to the person from whom the relevant interest was acquired.	contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they
(B)		If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of on option) write 'unknown'.
$(\exists)$		Give details, if appropriate, of the present essociation and any change in that association since the last substantial holding notice.

......................................

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Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Acclaim Exploration NL
ACN/ARSN	009 076 233
Details of substantial holder (1) 1.
Name	AGS Capital Group, LLC
ACN/ARSN (if applicable) $N/\Lambda$
The holder ceased to be a Substantial holder on	17 June 2011
The previous notice was given to the company on	7 July 2011	11.11.1
The previous notice was dated	7 July 2011

1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities
of the company or scheme, since the substantial holder was last required

Date of change	Person whose	Nature of	Consideration	Class (6) and	Person's votes.
	relevant interest	change $(4)$	given in relation	number of	affected
	changed		to change(5)	securities affected
17 June 2011	AGS Capital	Disposal of	\$0.003 per	7,000,000	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group
	Allen Silberstein
20 June 2011	AGS Capital	Disposal of	\$0.003 per	7,000,000	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group
	Alten Silberstein
21 June 2011	AGS Capital	Disposal of	$$0.003$ per	2.772,902	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group
	Allen Silberstein
22 June 2011	AGS Capital	Disposal of	\$0.003 per	1,065,981	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group *
	Allen Silberstein
23 June 2011	AGS Capital	Disposal of	\$0.003 per	1,900,000	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group
	Allen Silberstein
24 June 2011	AGS Capital	Disposal of	\$0.003 per	1.000.000	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group :
	Allen Sliberstein
27 June 2011	AGS Capital	Disposal of	$$0.003$ per	230,000 ordinary	AGS Capital
	Group, LLC	shares	ordinary share	shares	Group *
	Allen Silberstein
28 June 2011	AGS Capital	Disposal of	$$0.003$ per	2.253.339	AGS Capital
	Group, LLC	shares	ordinary share	ordinary shares	Group
	Allen Sliberstein
19 July 2011	AGS Capital	Disposal of	$$0.002$ per	107,396 ordinary	AGS Capital
	Group, LLC	shares	ordinary share	shares	Group :
	Alten Stiberstein

ON CONSUMERANCE OF STATE

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20 July 2011 Disposal of \$0.002 per 20,000,000 AGS Capital AGS Capital
Group, LLC ordinary share ordinary shares Group shares Allen Silberstein 21 July 2011 Disposal of
shares \$0.002 per
ordinary share 46,337,048 AGS Capital AGS Capital
Group, LLC ordinary shares Group Alten Sitberstein

Changes in association 3.

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The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable)	Nature of association

Allen Silberstein

$\clubsuit$ Addresses

The addresses of persons named in this form are as follows:

Name	_________ Address
AGS Capital Group, LLC	48 Wall Street, 11th Floor, New York, NY 10005
Allen Silberstein	1 48 Wall Street, 11th Floor, New York, NY 10005

Signature

print name

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Capacity Chief Investment Officer: date $26$ July 2011

sign here

Fax sent by : 61 2 9777 8777

BRANDINAN ANII BRANDINAN ANII BRANDINAN ANII BRANDINAN ANII BRANDINAN ANII BRANDINAN ANII BRANDINAN ANII BRAND

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its $(1)$ related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of cach group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If $(a)$ subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, $(b)$ the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

Details of the consideration must include any and all benefits, money and other, that any person from whom a $(5)$ relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

The voting shares of a company constitute one class unless divided into separate classes. $(6)$

Give details, if appropriate, of the present association and any change in that association since the last substantial $(7)$ holding notice.