HAVILAH RESOURCES LIMITED — Major Shareholding Notification 2011

Oct 24, 2011

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme GEOTHERMAL RESOURCES LTD

ACN/ARSN ACN 115 281 144

1. Details of substantial holder(1)

Name HAVILAH RESOURCES NL

ACN/ARBN (if applicable) ACN 077 435 520

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

24/10/2011 24/10/2011

24/10/2011

Class of securities(4)	Previousnotice		Presentnotice
	Person’svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary	24,580,666	68.53%	25,444,070	70.93%

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:

	py ,	py ,				g g	g g	g g	py	py	py	py	py
Datechang	ofe	Person wrelevant ichanged	hosenterest	Nature								Person’s vaffected	otes
					of change		Consideratiochange (7)	n given in relation	to	Class annumber	dof
										securitie	s
24/10/2011	0/2011	HavilahResour	ces	AcquiGeoth	sition ofermal		1 Havilahshare for e	Resources NLvery 4 Geothe	rmal	863,40ordinar	4y	HavilahResourc
		NL		Resoshare	urces Ltds pursuant to		Resourcesby accepti	Ltd shares hng Geotherma	eldl	shares		NL
				off-mbid	rket takeover		Resources	Ltd sharehol	ers

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder(8)	Nature of relevant interest(6)	Class andnumber ofsecurities	Person’svotes
HavilahResources NL	HavilahResources NL	HavilahResources NL	Shareholder	25,444,070ordinaryshares	70.93%

• 2 -

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 andACN/ARSN(ifapplicable)	Nature ofassociation
N/A	N/A

6. Addresses

6. Addresses	6. Addresses
The addresses ofpersonsnamedinthisformare asfollows:
Name	Address
Havilah Resources NL	63 Conyngham Street, Glenside SA 5065

Signature

print name: Chris Giles Capacity Director sign here date 25 October 2011