KINGSROSE MINING LIMITED — Major Shareholding Notification 2009

Mar 3, 2009

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Kingsrase Mining Limited
ACN/ARSN	112 389
1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)

$\phi$

Airedale (Asia) Pty Ltd

$27,272009$ $\frac{3011}{1011}$ 12009

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

2. Previous and present voting power

(3) 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)
Ordinary Fully
$\check{ }$ Paid	6250,000	8.257	6250.000

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	Person's votes affected
$\sqrt{A}$				affected

4. Present relevant interests

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 entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Airedale	Aredale	Aredale		ORD.	6,250,000

SDA page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the rature of their association (9) wilh, the substantial holder in relation to voting interests in the company or scheme are as follows:

. ______ -----	. -------	. ________
EXAMPLEMANT BA أداعا ممثلا سمد . --	This -alinn . -----------	$\cdots$ . _______	The contract of the complete complete and contract of the contract of the contract of the contract of the contract of
$\sim$ $\sim$ . -------------------------------------- . _______ ------------ ---------------	----- _________	----- $\cdots$ $\sim$ 20 min .	___
------------	____ --- .	------ PERMIT AND ALL AND ARTICLES --- ___ the contract of the contract of the contract of the contract of

6. Addresses

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

' Name	diffract
		Aireolale CAsia) Room 507, Tesbury Centre, 28 Queens
		Road Cast. I Wanchai, Hong Kong

Signature

print name TD		James Williams Phillips analy Director
$\cdots$ sian here	date	312009
		$\cdots$

DIRECTIONS

If there are a rumber of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustce of an
equity trust), the names could be included in an ann $\begin{pmatrix} 1 \ 1 \end{pmatrix}$ form.

(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. $\left\langle \cdot \right\rangle$

$\langle 0 \rangle$ The voting shares of a company constitute one class unless divided into separate classes.

$\langle 5 \rangle$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

$\ddot{\theta}$ include details of:

Ø)

$\left(!\left.!\right.!!!!!!\right)$

any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $|n\rangle$ 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 c

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or clisposal of the securities to
which the relevant interest relates (indicating clearly the $\langle 0 \rangle$

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

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, becom e
entitled to receive in relation to that acquisition. Details 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".

$(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice,