CONNECTED MINERALS LIMITED — Major Shareholding Notification 2013

Nov 7, 2013

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

ACN/ARSN

Leopard Resources NL

009 076 233

1. Details of substantial holder (1)

Name Photon Global Limited (“PGL”)

ACN/ARSN (if applicable)

The holder became a substantial holder on

1/11/2013 (date when substantial holder became aware of the relevant interest: 6/11/2013)

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class ofsecurities (4)	Numberofsecurities	Person'svotes (5)	Voting power(6)
Ordinary shares	111,940,725	111,940,725	10.2%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
PGL	Legal and beneficial owner	Ordinary shares 111,940,725

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
PGL	HSBC Custody Nominees(Australia) Limited	PGL	Ordinary shares111,940,725

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)CashNon-cash	Consideration (9)CashNon-cash	Class and number of securities
PGL	28/10/13	$0.002 each		Ordinary shares 111,940,725

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
HSBC Custody Nominees (Australia)Limited	GPO Box 5302, Sydney NSW 2001
Photon Global Limited	2nd Floor, Harbour House, Waterfront Drive, Road Town, Tortola, BVI

Signature

NEILL EBERS capacity Director NEILL EBERS date 8/11/13