Lachlan Star Limited — Major Shareholding Notification 2012

Nov 8, 2012

Sprott Casset Management"

FACSIMILE TRANSMITTAL SHEET
TO: Company Announcements Office	FROM: Maggie Tang
COMPANY Australian Securities Exchange	DATE November 8, 2012
FAX NUMBER: 011-61-2-9778-0999/ 61-2-9347-0005	TOTAL NO. OF PAGES INCLUDING COVER. 2
PHONE NUMBER:	SENDER'S PHONE NUMBER 416-943-4072
RË	SIGNDER'S FAX NUMBER: 416-943-6497
FORM 605	II PLEASE RECYCLE $\Box$ PLEASE REPLY PLEASE COMMENT
IFOR REVIEW OURGENT

NOTES/COMMENTS:

Dear Sir/Madam,

Please find attached a Form 605 notice for Lachlan Star Ltd (LSA). Please do not hesitate to contact me at mtang@sprott.com if you have any questions.

Sincercly, Maggie Tang

TORONTO, ON M5J2J1 T: 416 943 6707 F: 416 943 6497 TOLL FREE: 1 866 299 9906

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Lachlan Star Limited
ACN/ARSN	000 759 535
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	Sprott Asset Management LP (SAM)
The holder ceased to be a substantial holder on The previous notice was given to the company on The previous notice was dated	October 24, $2012$ May 10, 2012 May 10, 2012

Particulars of each change in, or change In the nature of, a relevant interest (2) of the substantial holder or an associate (3) in votIng securities
of the company or scheme, since the substantial holder was last required

swollo Date of	Person whose relevant interest	Nature of change $(4)$	Consideration given in relation to change (5)	Class (6) and number of securities affected	Letabus vores affected
change	changed		AUD 1.5500	5,000 shares	5,000
Oct 18. 2012	SAM	$3-11$	CAD 1.4500	100,000	100,000
Oct 24 2012	SAM	Sell		shares $\frac{1}{245.000}$	245.000
$\overline{cot 24}$ , 2012	SAM	Sell	CAD 1.5315	shares

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 helder in colution to under interests in the company of actional source f the persons who have veryons associated by on wastern was associated on the company of scheme are as follows:

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

4. Addresses

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

Name	Address 200 Bay Street, Suite 2700, PO Box 27
Sprott Asset Management LP	Royal Bank Plaza, South Tower Toronto, Ontario, M5J 2J1 Canada
Signagare
	Kirstin McTaggart, chief Compliance officer