MINREX RESOURCES LIMITED — Major Shareholding Notification 2012

Apr 19, 2012

WOODCROSS HOLDINGS PTY LTD

ACN 065 401 523

20 April 2012

The Manager Companies Section Australian Securities Exchange Level 10, 20 Bond Street SYDNEY NSW 2000

By fax: 1300 135 638 (4 pages)

Dear Sir,

Minrex Resources Limited

Please find enclosed a Notice of change of interests of substantial holder (Form 604) pursuant to Section 671B of the Corporations Act 2001.

ţ.

The notice has been served on Minrex Resources Limited.

Yours faithfully,

CA Don Director

1. Apr. 2012 16:28

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN	151 185 867	MINREX RESOURCES NL
Details of substantial holder (1) 1. Name		Lion Superannuation Pty Ltd	Woodcross Nominees Pty Ltd	LinQ Corporate Pty Ltd
ACN/ARSN (if applicable)	137 679 602		065 401 623	112 935 725
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		19/04/2012 28/12/2011 28/12/2011

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or vottng 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 voles	Voting power (5)
Fully paid ordinary shares	1.115.330	6.07%	1.340.000	7.33%
Partly Pald Shares	479.983	2.61%	479.983	2.61%

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) معجما	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	19/04/2012 Lion Superannuation Pty Ltd Refer Annex. A		Refer Annex, A	230.670	1.825.983

4. Present relevant interests

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

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
Interest	securities	as holder (8)	interest $(6)$	securities
As above at 1.	As above at 1.		Control voting power	Ordinary shares Partly Pald Shares	1.346,000 479.983

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 to relation to voting Interests in the company or scheme are as follows:

(if ACN/ARSN Name and applicable?	$- - -$ Nature of association ------
	N/A ستستست -----------------

6. Addresses

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

Name	_ Address ana amin'ny
above at 1. IAs	(36 Viewway, Nedlands WA 6009 ____

Signature

print name	CARMEL A. DONNER	capacity	DIRECTOR
sign here	Aλ W --	date	20/04/2012

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 $(1)$ 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 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.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ 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 (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 voting 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 interest was acquired has, or may, $(7)$ 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". $(\theta)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

ANNEXURE A

This is annexure A of 1 page referred to in form 604 "Notice of change of interests of substantial holder"

C A Donner Director

20 April 2012

Details of transactions are set out below

Dates	Transaction	Number	Consideration
09/01/2012	Buy	5,670	\$1,026.21
12/01/2012	Buy	10,000	\$1,809.90
13/01/2012	Buy	10,000	\$1,809.90
17/01/2012	Buy	10,000	\$1,809.90
18/01/2012	Buy	5,000	\$904.95
23/01/2012	Buy	10,000	\$1,910.00
24/01/2012	Buy	15,000	\$2,700.00
27/01/2012	Buy	10,000	\$1,800.00
01/03/2012	Buy	30,000	\$5,360.00
15/03/2012	Buy	25,000	\$4,375
17/04/2012	Buy	5,000	\$960.00
18/04/12	Buy	80,000	\$13,600.00
19/04/12	Buy	15,000	\$2,550.00
TOTAL		230,670	\$40,615.86