GREENVALE ENERGY LTD — Major Shareholding Notification 2011

Feb 2, 2011

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

	To Company Name/Scheme Greenvale Mining N.L.
ACN/ARSN	ABN 54 000 743 555
1. Details of substantial holder (1)
Name	Q Supa Pty Ltd

ACN/ARSN (if applicable)

ACN...092 530 599

The holder became a substantial holder on $/0/2010$

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 of securities (4)	Number of securities	Person's votes (5)	Voting power (6) % of FP & 25% PP
Ordinary Shares	4,341,180	4,341,180	9.41%

3. Details of relevant interests

The nature of the relevant interest of 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
Q Supa Pty Ltd	Stock held as Trustee for 4,341,180 fp ordinary Q Super Fund	shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 2 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
O Supa Pty Ltd	Novus Capital Nominees Pty Ltd $<$ Nominee A/C $>$	Q Supa Pty Ltd	$4,341,180$ fp ordinary shares

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 linterest		Date of acquisition Consideration (9)		Class and number of securities
		lCash	Non-cash
Q Supa Pty Ltd	1/2/2011	$$369,000.30$ $$0.085$ per share)	NIL	$100,000$ fp ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associated of the substantial shareholder are as follows:

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

7. Addresses

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

Name	Address
Q Supa Pty Ltd	/ Hemming+ Hart lc /
	L2 307 Queen St Brisbane QLD 4000

Signature

print name	$C_{V}$		capacity Director
sign here		date	03/02/2011

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or $(1)$ the manager and trustee of an equity trust), the names could be included in an annexure 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
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• 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 total number of votes attached to all voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B $(a)$ any relevant agreement or other circumstances because or which the change in relevant agreement, and a statement by the person giving (4) applies, a copy of any document setting out the terms of any relevant agreement, and

• $(b)$ qualification applies).
  See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown"

• Details 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 $(9)$ acquired.