DIATREME RESOURCES LIMITED — Major Shareholding Notification 2011

Apr 14, 2011

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	DIATREME RESOURCES LIMITED
ACN/ARSN	ACN 061 267 061
1. Details of substantial holder (1)
Name	ANDREW TSANG
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	08/04/2011
The previous notice was given to the company on	25/03/2010
The previous notice was dated	25/03/2010

2. 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 required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	38,170,518	38, 170, 518	77,177,551	21.76%

3. Changes in relevant interests

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 a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
Attachment А	Attachment A	Attachment A	Attachment A	Attachment A	Attachment A

4. Present relevant interests

Particulars 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
Attachment А	Attachment A	Attachment A	Attachment A	Attachment A	Attachment A

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
Refer Attachmont A	Refer Attachment A

Signature

print name	ANDREW TSANG	capacity
sign here	lanes	date	15/04/11

DIRECTIONS

• If there are a number of substantial holders with similar 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 in an annaxare 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 spe $(1)$ with the names and addresses of members is clearly set out in paragraph 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relavant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)
  applies, a copy of any document eatting out the terms of any relevant agreement, and a statemen $(a)$ contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or with the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification $\langle \Phi \rangle$ applies).

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

• Detalls of the consideration must include any and all 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 m $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant Interest arises because of an option) write $⁽⁸⁾$ "unimown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

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
25/06/10	Andrew Tsang	Placement	\$4,500.00	Ordinary 50,000	50,000
20/08/10	Lie You	Purchase	\$11,645.10	Ordinary 135,000	135,000
27/10/10	Lie You	Purchase	\$12,479.00	Ordinary 139,100	139,100
21/12/10	Lie You	Placement	\$199,500.00	Ordinary 2,850,000	2,850,000
06/04/11	Andrew Tsang	Rights Issue entitlement	\$765,912.00	Ordinary 9,573,900 DRXO Options 9,573,900	9,573,900
06/04/11	Xiang Rong (Australia) Construction Group Pty Ltd <xiang rongManagement A/C>	Rights Issue entitlement	\$171,486.08	Ordinary 2,143,576 DRXO Options 2,143,576	2,143,576
06/04/11	Chunxiang Zeng	Rights Issue entitlement	\$80,000.00	Ordinary 1,000,000 DRXO Options 1,000,000	1,000,000
06/04/11	Lie You	Rights Issue entitlement	\$85,125.12	Ordinary 1,064,064 DRXO Options 1,064,064	1,064,064
08/04/11	Lie You	Sub-underwriting to Rights Issue	\$1,764,111.44	Ordinary 22,051,393 DRXO Options 22,051,393	22,051,393

$\overline{\mathbf{3}}$ Changes in relevant interests

Present relevant interests $\overline{\mathbf{4}}$

Holder of relevant interest	Registered holder of securities	Person entitled to be registered holder $(8)$	Nature of relevant interest	Class and number of securities	Person's votes
Andrew Tsang	Andrew Tsang	Andrew Tsang	self	Ordinary 38,295,600 DRXO Options 9,573,900	38,295,600
Xiang Rong (Australia) Construction Group Pty Ltd <xiang rongManagement A/C>	Xiang Rong (Australia) Construction Group Pty Ltd <xiang rongManagement A/C>	Xiang Rong (Australia) Construction Group Pty Ltd <xiang rongManagement A/C>	director	Ordinary 8,574,304 DRXO Options 2,143,576	8.574.304
Chunxiang Zeng	Chunxiang Zeng	Chunxiang Zeng	spouse	Ordinary 4,000,000 DRXO Options 1.000.000	4,000,000
Lie You	Lie You	Lie You	mother	Ordinary 26,307,647 DRXO Options 23,115,457	26,307,647

ATTACHMENT A to Form 604 - Notice of change of interests of substantial shareholder (continued)

$\overline{5}$ Changes in association

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

$\boldsymbol{6}$ Addresses

O.

Name	Address
Andrew Tsang	39 Stanhope Road, Killara, NSW, 2071
Xiang Rong (Australia) Construction Group Pty Ltd <xiang managementA/C	Suite 1907, 109 Pitt Street, Sydney, NSW, 2000
Chunxiang Zeng	39 Stanhope Road, Killara, NSW, 2071
Lie You	15/2A Killara Ave, Killara, NSW, 2071