EMMERSON RESOURCES LIMITED — Major Shareholding Notification 2007

Dec 12, 2007

CRP/COMPUTERSHARE INVESTOR SERVICES PTY LTD *** T O P 2 0 H O L D E R S *** (RSP520:15.37:071207) EMMERSON RESOURCES LIMITED/ERM RUN NUMBER 0008 07/12/2007 A.C.N. 117 086 745 PAGE : 1 CLASS GROUP: *G1/ORDINARY SHARES HOLDER NO NAME AND ADDRESS UNITS % I/C RANK STARK EMU GOLD LTD 72,956,550 35.85 1 ACCBELL NOMINEES PTY LTD 33,287,500 16.36 2 NATIONAL NOMINEES LIMITED 9,650,000 4.74 3 MR TIMOTHY ARTHUR KESTELL 6,136,030 3.02 4 MR SIMON ANDREW 6,136,029 3.02 5 ANZ NOMINEES LIMITED 4,875,000 2.40 6 <CASH INCOME A/C> IDAMENEO (NO 79) NOMINEES 2,275,000 1.12 7 PTY LIMITED FORTIS CLEARING NOMINEES P/L 2,000,000 0.98 8 <SETTLEMENT A/C> MR ROBERT TREVOR BILLS 1,812,500 0.89 9 ANZ NOMINEES LTD 1,562,500 0.77 10 JP MORGAN NOMINEES AUSTRALIA 1,562,500 0.77 11 LIMITED UBS NOMINEES PTY LTD 1,515,639 0.74 12 WARNFORD NOMINEES PTY LIMITED 1,500,000 0.74 13 <NO 1 ACCOUNT> TRICOM NOMINEES PTY LTD 1,375,000 0.68 14 <LPG A/C> MR DEAN PONTIN 1,250,000 0.61 15 SANDHURST TRUSTEES LTD 1,250,000 0.61 16 <SAIGF A/C> VBS INVESTMENTS PTY LTD 1,250,000 0.61 17 MR DAMIAN PAUL KESTELL 1,237,500 0.61 18 J P MORGAN NOMINEES AUSTRALIA 1,225,000 0.60 19 LIMITED RISTOVSKI NOMINEES PTY LTD 1,100,000 0.54 20

CRP/COMPUTERSHARE INVESTOR SERVICES PTY LTD *** T O P 2 0 H O L D E R S *** (RSP520:15.37:071207) EMMERSON RESOURCES LIMITED/ERM RUN NUMBER 0008 07/12/2007 A.C.N. 117 086 745 PAGE : 2 CLASS GROUP: G1/ORDINARY SHARES HOLDER NO NAME AND ADDRESS UNITS % I/C RANK *** REPORT TOTAL *** 153,956,748 75.66 *** REMAINDER *** 49,528,465 24.34 ----------------------** GRAND TOTAL *** 203,485,213 100.00

CRP/COMPUTERSHARE INVESTOR SERVICES PTY LTD *** T O P 2 0 H O L D E R S *** (RSP520:15.37:071207) EMMERSON RESOURCES LIMITED/ERM RUN NUMBER 0008 07/12/2007 A.C.N. 117 086 745 PAGE : 3 CLASS GROUP: G2/OPTIONS HOLDER NO NAME AND ADDRESS UNITS % I/C RANK MR ROBERT TREVOR BILLS 10,000,000 66.67 1 MR ANDREW IVOR BRUCE MCILWAIN 3,000,000 20.00 2 MR TIMOTHY MATTHEW SHAUN 2,000,000 13.33 3 HRONSKY *** REPORT TOTAL *** 15,000,000 100.00 *** REMAINDER *** 0 0.00 ----------------------** GRAND TOTAL *** 15,000,000 100.00

-----------------------------------------------------------------------------------------------------------------------------------TOTAL CURRENT HOLDERS MEETING CRITERIA FOR THIS REPORT: 495

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