MGX RESOURCES LIMITED — Major Shareholding Notification 2004

Oct 17, 2004

Form 604
Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder To Company Name/Scheme Mount Gibson fron Limited ACN 008 670 817 ACN/ARSN 1. Details of substantial holder (1) Sinom (Hong Kong) Ltd Name ACN/ARSN (If applicable) N/A There was a change in the interests of the substantial holder on 11/10/2004 11/02/2004 The previous notice was given to the company on 11/2/2004 The previous notice was dated

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Crdinary shares	25.140.000	19.22%	21,840,000 ------	18.00%
		________

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 chemped	Nature of change (6)	Consideration given in relation to change $(7)$	number of securities affected	Person's votes affactori
11/10/2004	Sinom (Hong Kong) Ltd	Cn market sale	\$661.349	3.300,000	Sinom (Hong Kong) Ltd
11/10/2004	iZhano Chi	las above	las above	las above	Zhang Chi

Present relevant interests

Patticulars 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
Simom (Hong Kong) Ltd	Sinom (Hong Kong) Ltd		Legal and beneficial holder	21.840.000	21.840.000
Zhang Chi	Sinom (Hong Kong) Ltd		Controller	21.840.000	21,840,000

$P.01$

MASSAGE

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 dion to voling interests in the company or scheme are as follows:

ard Narne applicable)	ACN/ARSN	Œ	Nature of association
IN I			INIA

6. Addresses

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

Name	Address
Sinom (Hong Kong) Ltd	Room 606, Tower One, Lippo Centre, 89 Queensway, Hong Kong
Zhang Chi	Room 606, Tower One, Lippo Centre, 89 Queensway, Hong Kong

Signature

$(1)$

ß)

	print name Ng Yau Tung		capacity	Director
sign here		-81	date	12/10/2004

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 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 dearly set out in paragraph 6 of the form.

$\boldsymbol{\omega}$ 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. GB.

$\overline{A}$ The voding shares of a company constitute one class unless divided into separate classes.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• ത Include details of
• any retevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ of any 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 voling powers or disposal of the $(b)$ securities to which 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.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant traterest was acquired has, or may, $\sigma$ 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". œ

œ. Give detalls, if appropriate, of the present association and any change in that association since the last substantial holding notice.