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GRANGE RESOURCES LIMITED. Major Shareholding Notification 2011

Mar 9, 2011

65014_rns_2011-03-09_739360f7-f148-4d62-a7ca-3efaa38406d2.pdf

Major Shareholding Notification

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ASX/Media Release

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10 March 2011

GRANGE SELLS STAKE IN HORSESHOE METALS

Western Australian Copper and Gold focused exploration company, Horseshoe Metals Limited ( ASX:HOR ) (“ Horseshoe Metals ” or “ the Company ”), wishes to advise that it has received a Notice of ceasing to be a substantial shareholder (Form 605) from Grange Resources Limited (ASX: GRR) (“Grange”).

Following Horseshoe Metal’s successful listing in July 2010, Grange held a 7.2% stake in the Company. As a result of the sale of 2,882,500 ordinary shares on 9 March 2011, Grange ceased to be a substantial shareholder and has now disposed of its entire shareholding in the Company.

The Company is pleased that management was able to facilitate the orderly sale of Grange’s remaining shareholding. The company is also grateful for the support provided by Grange prior to and since the Company’s listing.

ENDS

For further information please contact:

Neil Marston Managing Director David Brook Horseshoe Metals Limited Professional Public Relations Pty Ltd Ph: +61 8 9481 5866 Ph: +61 8 9388 0944 M: 0427 188 768 M: 0415 096 804 E: [email protected] E: [email protected] Website: www.horseshoemetals.com.au