GWR GROUP LIMITED — Major Shareholding Notification 2007

Dec 20, 2007

Unit 3, 136 Main Street, Osborne Park WA 6917 PO Box 1520, Osborne Park WA 6916 Phone: 08 9242 5111 Fax: 08 9242 5677 Email: admin@fairstarresources.com Web: www.fairstarresources.com

A.B.N. 38 115 157 689

December 20, 2007

The Company Announcements Officer ASX Limited 2 The Esplanade PERTH WA 6000

Dear Sir,

ASX CODE: FAS, FASO

Enclosed Form 604 for Notice of Change of Substantial Holder.

Please note the discrepancies contained in Notice dated the 18^th December, 2007 are explained in Annexure A.

ours faithfully

Kevin J Robertson Managing Director

Form 604 Corporations Act 2001 Sections 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	GOLDEN WEST RESOURCES LIMITED
ACN/ARSN	ACN 102 622 051
Details of substantial holder (1) l1.
Name	FAIRSTAR RESOURCES LIMITED
ACN/ARSN (if applicable)	ACN 115 157 689
There was a change in the interests of the
substantial holder on	19/12/2007
The previous notice was given to the company on	18/12/2007
The previous notice was dated	18/12/2007
Previous and present voting power 12.

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)
IFULLY PAID ORDINARY	25.388.615	26.904	25.575.618	25.806
			_________

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 $(7)$	Class and number of securities affected	Person's votes affected
119/12/07	FAIRSTAR IRESOURCES LIMITED	ISEE ANNEXURE A	ISEE ANNEXURE A	ISEE ANNEXURE A	ISEE ANNEXURE A

Present relevant interests 4.

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 entitied to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
IFAIRSTAR IRESOURCES LIMITED	FAIRSTAR RESOURCES NOT APPLICABLE ILIMITED		ISEE ANNEXURE A	ISEE ANNEXURE A	ISEE ANNEXURE A
IFAIRSTAR IRESOURCES LIMITED	IFAIRSTAR RESOURCESI ILIMITED OR OFFEREESI IWHO HAVE ACCEPTED FAIRSTAR RESOURCESINOT APPLICABLE TAKEOVER ILTD. BIDI IDATED NOVEMBERI -13- 12007		ISEE ANNEXURE A	ISEE ANNEXURE A	ISEE ANNEXURE 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
-------------------------------------- APPLICABLE ______ ______ _________	-------------------------------------- . --------------- ______ ______ _________
_________	.

Addresses

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

--------------------------------------- Name	--------------------------------------- _________ ⊿ddress
______ ______ ISEE ANNEXURE A _________	. ISEE ANNEXURE A _________
--------------------------------------	-------------------------------------- --------------------------------------- _________

Signature

K ZVIN ROBERTSON print name	capacity	DIRECTOR
sign here	date	-------------------------------------- 20/12/2007

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 (1) 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 specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this 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 disposal of the securities to which $(b)$ the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

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

• $(7)$ 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 must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included on 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 "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. (9)

$3.$ Change in relevant interests

The number of shares in which the substantial holder has a relevant interest (viz. 25,575,618) varies from the last notice, and is reconciled as follows:

Number reported in previous notice dated 18 December 2007 25,388,615
Additions error in that notice	100,000
Acceptances (refer note 4(ii)) received 13 December 2007
previously omitted	25,650
Adjustments to prior notice (typographical error)	7,000
Acceptances (refer note 4(ii))received on 19 December 2007	54,353
	25,575,618

The 25.806% relevant interest is based on the current issued capital of GWR of 99,106,360 shares as advised by GWR to the market, which has increased by 4,738,369 shares since the substantial holder's last notice due to the exercise of GWR options.

4. Present relevant interests

• $(i)$ Fairstar has a relevant interest in 829,506 shares as the registered holder and beneficial owner of those shares, of which 364,506 were acquired in the ordinary course of trading on a prescribed financial market and 465,000 were acquired by the exercise of options.
• $(ii)$ Fairstar has a relevant interest in a total of 24,746,112 shares by virtue of the acceptances of its takeover bid dated 13 November 2007, a copy of which was set out in Annexure B to the Form 604 given by Fairstar to GWR on 22 November 2007.

5. Addresses

Name	Address
Fairstar Resources Limited	Unit 3 136 Main Street Osborne Park WA 6017
Golden West Resources Limited	Suite 6 136 Main Street Osborne Park WA 6017

This is the armexure of two pages marked "A" referred to in and forming part of the Form 604 signed by me and dated 20 December 2007

Kevin XRobertson