GRANGE RESOURCES LIMITED. — Major Shareholding Notification 2011

Mar 9, 2011

FORM 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	HORSESHOE METALS LIMITED
ACN/ARSN	123 133 166
1.Details of substantial holder(1)
	GRANGE RESOURCES LIMITED & ASSOCIATES
Name
ACN/ARSN (if applicable)	009 132 405
The holder ceased to be a
substantial holder on	9 / 3 / 2011
The previous notice was given to the company	on 9 / 2 / 2011
The previous notice was dated	7 / 2 / 2011

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial shareholder or an associate(3) in voting securities of the company or scheme, since the substantial shareholder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interest changed	Nature ofchange (4)	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecuritiesaffected	Person’s votesaffected
15/2/11	GRANGE RESOURCESLIMITED	ON MARKETSALE OFLISTED SHARES	$294,664	ORD509,813	0.90 %
9/3/11	GRANGE RESOURCESLIMITED	ON MARKETSALE OFLISTED SHARES	$1,270,747	ORD2,620,000	4.47 %
9/3/11	HORSESHOE GOLDMINE PTY LTD	ON MARKETSALE OFLISTED SHARES	$127,317	ORD262,500	0.47 %

3. Changes in association

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 follows:

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

4. Addresses

Name	Address
GRANGE RESOURCES LIMITED(ACN 009 132 405)	LEVEL 11, 200 ST GEORGES TCE, PERTH WA 6000
HORSESHOE GOLD MINE PTYLTD(ACN 008 921 211)	LEVEL 11, 200 ST GEORGES TCE, PERTH WA 6000

Signature

print name Pauline Fay Carr capacity Secretary sign here date 9 / 3 / 2011